Andfjord Salmon (Norway) Price on February 28, 2024
If you're considering investing in Andfjord Stock, it is important to understand the factors that can impact its price. Andfjord Salmon appears to be very steady, given 3 months investment horizon. Andfjord Salmon AS secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that the company had a 0.21% return per unit of standard deviation over the last 3 months. We have found twenty-one technical indicators for Andfjord Salmon AS, which you can use to evaluate the volatility of the firm. Please makes use of Andfjord Salmon's risk adjusted performance of 0.1578, and Mean Deviation of 1.32 to double-check if our risk estimates are consistent with your expectations.
Andfjord Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Andfjord |
Sharpe Ratio = 0.2085
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Estimated Market Risk
| 2.13 actual daily | 18 82% of assets are more volatile |
Expected Return
| 0.44 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average Andfjord Salmon is performing at about 16% of its full potential. 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 Andfjord Salmon by adding it to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Price Boundaries
Andfjord Salmon Period Price Range
Low | December 13, 2024
| High |
0.00 | 0.00 |
Andfjord Salmon AS 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.
Andfjord Salmon December 13, 2024 Market Strength
Market strength indicators help investors to evaluate how Andfjord Salmon stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Andfjord Salmon shares will generate the highest return on investment. By undertsting and applying Andfjord Salmon stock market strength indicators, traders can identify Andfjord Salmon AS entry and exit signals to maximize returns
Andfjord Salmon Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Andfjord Salmon's price direction in advance. Along with the technical and fundamental analysis of Andfjord Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Andfjord 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.
| Risk Adjusted Performance | 0.1578 | |||
| Jensen Alpha | 0.4226 | |||
| Total Risk Alpha | 0.1691 | |||
| Sortino Ratio | 0.2332 | |||
| Treynor Ratio | 3.58 |
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Other Information on Investing in Andfjord Stock
Andfjord Salmon financial ratios help investors to determine whether Andfjord 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 Andfjord with respect to the benefits of owning Andfjord Salmon security.