Hafnia (Norway) Price on April 3, 2023
If you're considering investing in Hafnia Stock, it is important to understand the factors that can impact its price. Hafnia holds Efficiency (Sharpe) Ratio of -0.15, which attests that the entity had a -0.15% return per unit of risk over the last 3 months. Hafnia exposes fifteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hafnia's Risk Adjusted Performance of (0.11), market risk adjusted performance of 1.81, and Standard Deviation of 2.07 to validate the risk estimate we provide.
Hafnia Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Hafnia |
Sharpe Ratio = -0.1545
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Estimated Market Risk
2.07 actual daily | 18 82% of assets are more volatile |
Expected Return
-0.32 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.15 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Hafnia 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 Hafnia by adding Hafnia to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Price Boundaries
Hafnia Period Price Range
Low | December 3, 2024
| High |
0.00 | 0.00 |
Hafnia 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.
Hafnia December 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Hafnia stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hafnia shares will generate the highest return on investment. By undertsting and applying Hafnia stock market strength indicators, traders can identify Hafnia entry and exit signals to maximize returns
Hafnia Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Hafnia's price direction in advance. Along with the technical and fundamental analysis of Hafnia Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Hafnia 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 | (0.11) | |||
Jensen Alpha | (0.31) | |||
Total Risk Alpha | (0.64) | |||
Treynor Ratio | 1.8 |
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Volume Indicators |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Other Tools for Hafnia Stock
When running Hafnia's price analysis, check to measure Hafnia's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hafnia is operating at the current time. Most of Hafnia's value examination focuses on studying past and present price action to predict the probability of Hafnia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hafnia's price. Additionally, you may evaluate how the addition of Hafnia to your portfolios can decrease your overall portfolio volatility.
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Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk |