Grong Sparebank (Norway) Price on September 9, 2024
| GRONG Stock | NOK 149.96 0.02 0.01% |
If you're considering investing in Grong Stock, it is important to understand the factors that can impact its price. As of today, the current price of Grong Sparebank stands at 149.96, as last reported on the 2nd of December, with the highest price reaching 149.96 and the lowest price hitting 145.50 during the day. As of now, Grong Stock is very steady. Grong Sparebank holds Efficiency (Sharpe) Ratio of 0.0242, which attests that the entity had a 0.0242% return per unit of risk over the last 3 months. We have found thirty technical indicators for Grong Sparebank, which you can use to evaluate the volatility of the firm. Please check out Grong Sparebank's Risk Adjusted Performance of 0.0138, downside deviation of 1.52, and Market Risk Adjusted Performance of (0.01) to validate if the risk estimate we provide is consistent with the expected return of 0.0259%.
Grong Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Grong |
Sharpe Ratio = 0.0242
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Estimated Market Risk
| 1.07 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Grong Sparebank is performing at about 1% 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 Grong Sparebank by adding it to a well-diversified portfolio.
Grong Sparebank Valuation on September 9, 2024
It is possible to determine the worth of Grong Sparebank on a given historical date. On September 9, 2024 Grong was worth 145.0 at the beginning of the trading date compared to the closed value of 148.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Grong Sparebank stock. Still, in general, we apply an absolute valuation method to find Grong Sparebank'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 Grong Sparebank where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Grong Sparebank's related companies.
| Open | High | Low | Close | Volume | |
| 147.90 | 148.50 | 147.90 | 148.50 | 50.00 | |
09/09/2024 | 145.00 | 148.00 | 145.00 | 148.00 | 150.00 |
| 145.00 | 148.00 | 145.00 | 148.00 | 150.00 |
| Backtest Grong Sparebank | | | Grong Sparebank History | | | Grong Sparebank Valuation | Previous | Next |
Grong Sparebank Trading Date Momentum on September 9, 2024
| On September 10 2024 Grong Sparebank was traded for 148.00 at the closing time. The highest price during the trading period was 148.00 and the lowest recorded bid was listed for 145.00 . The volume for the day was 150. This history from September 10, 2024 did not cause price change. The overall trading delta to the current price is 0.00% . |
Grong Sparebank Fundamentals Correlations and Trends
By evaluating Grong Sparebank'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 Grong Sparebank's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Grong financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Grong Sparebank Stock history
Grong Sparebank 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 Grong is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Grong Sparebank 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 Grong Sparebank stock prices may prove useful in developing a viable investing in Grong Sparebank
Grong Sparebank, an independent savings bank, provides a range of banking products and services in Norway. Grong Sparebank was founded in 1862 and is based in Grong, Norway. GRONG SPAREBANK operates under BanksRegional classification in Norway and is traded on Oslo Stock Exchange. It employs 58 people.
Grong Sparebank Stock Technical Analysis
Grong Sparebank 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
Grong Sparebank Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Grong Sparebank 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.
Grong Sparebank December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Grong Sparebank stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Grong Sparebank shares will generate the highest return on investment. By undertsting and applying Grong Sparebank stock market strength indicators, traders can identify Grong Sparebank entry and exit signals to maximize returns
Grong Sparebank Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Grong Sparebank's price direction in advance. Along with the technical and fundamental analysis of Grong Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Grong 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 | 0.0138 | |||
| Jensen Alpha | 0.0469 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | (0.02) |
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Other Information on Investing in Grong Stock
Grong Sparebank financial ratios help investors to determine whether Grong 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 Grong with respect to the benefits of owning Grong Sparebank security.