Edda Wind (Norway) Price on September 23, 2024
EWIND Stock | 19.50 0.25 1.27% |
If you're considering investing in Edda Stock, it is important to understand the factors that can impact its price. As of today, the current price of Edda Wind stands at 19.50, as last reported on the 12th of December 2024, with the highest price reaching 19.90 and the lowest price hitting 19.50 during the day. Edda Wind ASA secures Sharpe Ratio (or Efficiency) of -0.0019, which denotes the company had a -0.0019% return per unit of standard deviation over the last 3 months. Edda Wind ASA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Edda Wind's Mean Deviation of 1.74, standard deviation of 2.34, and Coefficient Of Variation of (5,635) to check the risk estimate we provide.
Edda Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Edda |
Sharpe Ratio = -0.0019
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Estimated Market Risk
2.36 actual daily | 21 79% of assets are more volatile |
Expected Return
0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Edda Wind 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 Edda Wind by adding Edda Wind to a well-diversified portfolio.
Edda Wind Valuation on September 23, 2024
It is possible to determine the worth of Edda Wind on a given historical date. On September 23, 2024 Edda was worth 20.4 at the beginning of the trading date compared to the closed value of 19.3. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Edda Wind stock. Still, in general, we apply an absolute valuation method to find Edda Wind'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 Edda Wind where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Edda Wind's related companies.
Open | High | Low | Close | Volume | |
19.90 | 20.50 | 19.30 | 20.50 | 37,212 | |
09/23/2024 | 20.40 | 20.40 | 19.25 | 19.30 | 13,294 |
20.50 | 20.60 | 19.55 | 20.10 | 41,150 |
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Edda Wind Trading Date Momentum on September 23, 2024
On September 24 2024 Edda Wind ASA was traded for 20.10 at the closing time. The highest price during the trading period was 20.60 and the lowest recorded bid was listed for 19.55 . The volume for the day was 41.1 K. This history from September 24, 2024 contributed to the next trading day price boost. The overall trading delta to the next closing price was 4.15% . The overall trading delta to the current price is 4.66% . |
Edda Wind ASA Fundamentals Correlations and Trends
By evaluating Edda Wind'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 Edda Wind's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Edda financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Edda Wind Stock history
Edda Wind 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 Edda is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Edda Wind 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 Edda Wind stock prices may prove useful in developing a viable investing in Edda Wind
Edda Wind Stock Technical Analysis
Edda Wind 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
Edda Wind Period Price Range
Low | December 12, 2024
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0.00 | 0.00 |
Edda Wind 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.
Edda Wind December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how Edda Wind stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Edda Wind shares will generate the highest return on investment. By undertsting and applying Edda Wind stock market strength indicators, traders can identify Edda Wind ASA entry and exit signals to maximize returns
Edda Wind Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Edda Wind's price direction in advance. Along with the technical and fundamental analysis of Edda Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Edda 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 | (0.01) | |||
Jensen Alpha | (0.06) | |||
Total Risk Alpha | (0.42) | |||
Treynor Ratio | (1.70) |
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Other Information on Investing in Edda Stock
Edda Wind financial ratios help investors to determine whether Edda 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 Edda with respect to the benefits of owning Edda Wind security.