Edda Wind (Norway) Price on November 29, 2024

EWIND Stock   20.20  0.40  1.94%   
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 20.20, as last reported on the 4th of December, with the highest price reaching 20.60 and the lowest price hitting 20.20 during the day. Edda Wind ASA secures Sharpe Ratio (or Efficiency) of -0.0508, which denotes the company had a -0.0508% return per unit of standard deviation over the last 3 months. Edda Wind ASA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Edda Wind's Standard Deviation of 2.45, coefficient of variation of (2,156), and Mean Deviation of 1.87 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.

Sharpe Ratio = -0.0508

Best PortfolioBest Equity
Good Returns
Average Returns
Small Returns
CashSmall RiskAverage RiskHigh RiskHuge Risk
Negative ReturnsEWIND

Estimated Market Risk

 2.43
  actual daily
21
79% of assets are more volatile

Expected Return

 -0.12
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.05
  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 November 29, 2024

It is possible to determine the worth of Edda Wind on a given historical date. On November 29, 2024 Edda was worth 20.2 at the beginning of the trading date compared to the closed value of 20.7. 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
  20.30    20.70    20.20    20.20    9,998  
11/29/2024
  20.20    20.70    20.20    20.70    3,697  
  20.90    20.90    20.20    20.60    5,686  
Backtest Edda Wind  |  Edda Wind History  |  Edda Wind Valuation   PreviousNext  
Open Value
20.2
20.7
Closing Value
27.48
Upside

Edda Wind Trading Date Momentum on November 29, 2024

On December 02 2024 Edda Wind ASA was traded for  20.60  at the closing time. The highest price during the trading period was 20.90  and the lowest recorded bid was listed for  20.20 . The volume for the day was 5.7 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 0.48% . The overall trading delta to the current price is 0.48% .

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

Edda Wind Period Price Range

Low
December 4, 2024
0.00  NaN%
High

 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 4, 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.

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.