Eidesvik Offshore (Norway) Price on December 1, 2024

EIOF Stock  NOK 12.50  0.20  1.57%   
If you're considering investing in Eidesvik Stock, it is important to understand the factors that can impact its price. As of today, the current price of Eidesvik Offshore stands at 12.50, as last reported on the 1st of March, with the highest price reaching 12.60 and the lowest price hitting 12.30 during the day. Eidesvik Offshore ASA secures Sharpe Ratio (or Efficiency) of -0.0401, which denotes the company had a -0.0401 % return per unit of standard deviation over the last 3 months. Eidesvik Offshore ASA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eidesvik Offshore's Mean Deviation of 1.31, standard deviation of 1.76, and Coefficient Of Variation of (1,669) to check the risk estimate we provide.
  
Eidesvik Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0401

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Estimated Market Risk

 1.85
  actual daily
16
84% of assets are more volatile

Expected Return

 -0.07
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.04
  actual daily
0
Most of other assets perform better
Based on monthly moving average Eidesvik Offshore 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 Eidesvik Offshore by adding Eidesvik Offshore to a well-diversified portfolio.

Eidesvik Offshore Valuation on December 1, 2024

It is possible to determine the worth of Eidesvik Offshore on a given historical date. On December 1, 2024 Eidesvik was worth 13.22 at the beginning of the trading date compared to the closed value of 13.22. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Eidesvik Offshore stock. Still, in general, we apply an absolute valuation method to find Eidesvik Offshore'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 Eidesvik Offshore where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Eidesvik Offshore's related companies.
 Open High Low Close Volume
  13.22    13.50    13.22    13.32    36,482  
11/29/2024
  13.22    13.32    13.10    13.22    9,233  
  13.02    13.78    13.02    13.20    20,062  
Backtest Eidesvik Offshore  |  Eidesvik Offshore History  |  Eidesvik Offshore Valuation   PreviousNext  
Open Value
13.22
13.22
Closing Value
18.76
Upside

Eidesvik Offshore Trading Date Momentum on December 1, 2024

On December 02 2024 Eidesvik Offshore ASA was traded for  13.20  at the closing time. The highest price during the trading period was 13.78  and the lowest recorded bid was listed for  13.02 . The volume for the day was 20.1 K. This history from December 2, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 0.15% . The overall trading delta to the current price is 1.82% .

Eidesvik Offshore ASA Fundamentals Correlations and Trends

By evaluating Eidesvik Offshore'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 Eidesvik Offshore's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Eidesvik financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Eidesvik Offshore Stock history

Eidesvik Offshore 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 Eidesvik is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Eidesvik Offshore 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 Eidesvik Offshore stock prices may prove useful in developing a viable investing in Eidesvik Offshore
Eidesvik Offshore ASA, a shipping company, operates ships in the supply, seismic, and subsea business areas. It operates 10 platform supply vessels a fleet of 4 subsea ships and a fleet of 12 ships related to seismic. EIDESVIK OFFSHORE operates under Shipping classification in Norway and is traded on Oslo Stock Exchange.

Eidesvik Offshore Stock Technical Analysis

Eidesvik Offshore 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 Eidesvik Offshore technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Eidesvik Offshore 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

Eidesvik Offshore Period Price Range

Low
March 1, 2025
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High

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Eidesvik Offshore 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.

Eidesvik Offshore March 1, 2025 Market Strength

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

Eidesvik Offshore Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Eidesvik Offshore's price direction in advance. Along with the technical and fundamental analysis of Eidesvik Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Eidesvik 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 Eidesvik Stock

Eidesvik Offshore financial ratios help investors to determine whether Eidesvik 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 Eidesvik with respect to the benefits of owning Eidesvik Offshore security.