Arendals Fossekompani (Norway) Price on August 23, 2024

AFK Stock  NOK 141.80  0.20  0.14%   
If you're considering investing in Arendals Stock, it is important to understand the factors that can impact its price. As of today, the current price of Arendals Fossekompani stands at 141.80, as last reported on the 4th of December, with the highest price reaching 142.80 and the lowest price hitting 141.20 during the day. Arendals Fossekompani ASA secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of standard deviation over the last 3 months. Arendals Fossekompani ASA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Arendals Fossekompani's mean deviation of 1.43, and Risk Adjusted Performance of (0.07) to double-check the risk estimate we provide.
  
Arendals Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1238

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Estimated Market Risk

 1.96
  actual daily
17
83% of assets are more volatile

Expected Return

 -0.24
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.12
  actual daily
0
Most of other assets perform better
Based on monthly moving average Arendals Fossekompani is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Arendals Fossekompani by adding Arendals Fossekompani to a well-diversified portfolio.

Arendals Fossekompani Valuation on August 23, 2024

It is possible to determine the worth of Arendals Fossekompani on a given historical date. On August 23, 2024 Arendals was worth 161.79 at the beginning of the trading date compared to the closed value of 162.38. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Arendals Fossekompani stock. Still, in general, we apply an absolute valuation method to find Arendals Fossekompani's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Arendals Fossekompani where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Arendals Fossekompani's related companies.
 Open High Low Close Volume
  158.04    161.79    158.04    161.79    2,098  
08/23/2024
  161.79    162.38    158.24    162.38    12,062  
  162.38    162.38    160.80    160.80    4,691  
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Open Value
161.79
155.90
Downside
162.38
Closing Value
167.68
Upside

Arendals Fossekompani Trading Date Momentum on August 23, 2024

On August 26 2024 Arendals Fossekompani ASA was traded for  160.80  at the closing time. The maximum traded price for the trading interval was 162.38  and the lowest daily price was  160.80 . The daily volume was recorded at 4.7 K. The volume of trading on 26th of August 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 0.97% . The overall trading delta to the closing price today is 3.31% .

Arendals Fossekompani ASA Fundamentals Correlations and Trends

By evaluating Arendals Fossekompani's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Arendals Fossekompani's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Arendals financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Arendals Fossekompani Stock history

Arendals Fossekompani investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Arendals is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Arendals Fossekompani ASA will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Arendals Fossekompani stock prices may prove useful in developing a viable investing in Arendals Fossekompani
Arendals Fossekompani ASA, an industrial investment company, engages in the operating hydro power plants. Arendals Fossekompani ASA was founded in 1896 and is headquartered in Arendal, Norway. ARENDALS FOSSEKOMP operates under Electricity Distribution And Generation classification in Norway and is traded on Oslo Stock Exchange.

Arendals Fossekompani Stock Technical Analysis

Arendals Fossekompani technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Arendals Fossekompani technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Arendals Fossekompani trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Arendals Fossekompani Period Price Range

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December 4, 2024
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Arendals Fossekompani ASA cannot be verified against its exchange. Please verify the symbol is currently traded on Oslo Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Arendals Fossekompani December 4, 2024 Market Strength

Market strength indicators help investors to evaluate how Arendals Fossekompani stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Arendals Fossekompani shares will generate the highest return on investment. By undertsting and applying Arendals Fossekompani stock market strength indicators, traders can identify Arendals Fossekompani ASA entry and exit signals to maximize returns

Arendals Fossekompani Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Arendals Fossekompani's price direction in advance. Along with the technical and fundamental analysis of Arendals Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Arendals to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Other Information on Investing in Arendals Stock

Arendals Fossekompani financial ratios help investors to determine whether Arendals Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Arendals with respect to the benefits of owning Arendals Fossekompani security.