Arcticzymes Technologies (Norway) Price on November 29, 2024
| AZT Stock | NOK 18.36 0.44 2.34% |
If you're considering investing in Arcticzymes Stock, it is important to understand the factors that can impact its price. As of today, the current price of Arcticzymes Technologies stands at 18.36, as last reported on the 1st of March, with the highest price reaching 18.72 and the lowest price hitting 18.32 during the day. Arcticzymes Technologies appears to be not too volatile, given 3 months investment horizon. Arcticzymes Technologies secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16 % return per unit of standard deviation over the last 3 months. By analyzing Arcticzymes Technologies' technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please makes use of Arcticzymes Technologies' risk adjusted performance of 0.123, and Mean Deviation of 2.37 to double-check if our risk estimates are consistent with your expectations.
Arcticzymes Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Arcticzymes |
Sharpe Ratio = 0.156
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Estimated Market Risk
| 3.96 actual daily | 35 65% of assets are more volatile |
Expected Return
| 0.62 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Arcticzymes Technologies is performing at about 12% 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 Arcticzymes Technologies by adding it to a well-diversified portfolio.
Arcticzymes Technologies Valuation on November 29, 2024
It is possible to determine the worth of Arcticzymes Technologies on a given historical date. On November 29, 2024 Arcticzymes was worth 12.98 at the beginning of the trading date compared to the closed value of 12.74. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Arcticzymes Technologies stock. Still, in general, we apply an absolute valuation method to find Arcticzymes Technologies' 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 Arcticzymes Technologies where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Arcticzymes Technologies' related companies.
| Open | High | Low | Close | Volume | |
| 13.00 | 13.38 | 13.00 | 13.00 | 52,211 | |
11/29/2024 | 12.98 | 12.98 | 12.34 | 12.74 | 736,153 |
| 12.90 | 13.38 | 12.62 | 13.24 | 61,493 |
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Arcticzymes Technologies Trading Date Momentum on November 29, 2024
| On December 02 2024 Arcticzymes Technologies ASA was traded for 13.24 at the closing time. The maximum traded price for the trading interval was 13.38 and the lowest daily price was 12.62 . The daily volume was recorded at 61.5 K. The volume of trading on 2nd of December 2024 played a part in the next trading day price upswing. The overall trading delta to the next closing price was 3.92% . The overall trading delta to the closing price today is 2.83% . |
Arcticzymes Technologies Fundamentals Correlations and Trends
By evaluating Arcticzymes Technologies' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Arcticzymes Technologies' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Arcticzymes financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Arcticzymes Technologies Stock history
Arcticzymes Technologies 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 Arcticzymes is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Arcticzymes Technologies 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 Arcticzymes Technologies stock prices may prove useful in developing a viable investing in Arcticzymes Technologies
ArcticZymes Technologies ASA, a life sciences company, develops, manufactures, and markets recombinant enzymes derived from cold-water marine species and organisms from other relevant environments for use in molecular research, in vitro diagnostics , and therapeutics in Norway, Europe, Asia, Australia, Africa, and the Americas. ArcticZymes Technologies ASA was incorporated in 1990 and is headquartered in Troms, Norway. ARCTICZYMES TECH operates under Biotechnology classification in Norway and is traded on Oslo Stock Exchange. It employs 30 people.
Arcticzymes Technologies Stock Technical Analysis
Arcticzymes Technologies 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.
Price Boundaries
Arcticzymes Technologies Period Price Range
Low | March 1, 2025
| High |
0.00 | 0.00 |
Arcticzymes Technologies 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.
Arcticzymes Technologies March 1, 2025 Market Strength
Market strength indicators help investors to evaluate how Arcticzymes Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Arcticzymes Technologies shares will generate the highest return on investment. By undertsting and applying Arcticzymes Technologies stock market strength indicators, traders can identify Arcticzymes Technologies ASA entry and exit signals to maximize returns
Arcticzymes Technologies Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Arcticzymes Technologies' price direction in advance. Along with the technical and fundamental analysis of Arcticzymes Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Arcticzymes 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 | 0.123 | |||
| Jensen Alpha | 0.6101 | |||
| Total Risk Alpha | 0.731 | |||
| Sortino Ratio | 0.3071 | |||
| Treynor Ratio | 5.44 |
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Other Information on Investing in Arcticzymes Stock
Arcticzymes Technologies financial ratios help investors to determine whether Arcticzymes 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 Arcticzymes with respect to the benefits of owning Arcticzymes Technologies security.