Hafnia (Norway) Price on April 17, 2024
HAFNI Stock | NOK 60.75 2.20 3.76% |
If you're considering investing in Hafnia Stock, it is important to understand the factors that can impact its price. As of today, the current price of Hafnia stands at 60.75, as last reported on the 11th of December 2024, with the highest price reaching 60.80 and the lowest price hitting 58.20 during the day. Hafnia holds Efficiency (Sharpe) Ratio of -0.11, which attests that the entity had a -0.11% return per unit of risk over the last 3 months. Hafnia exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hafnia's Standard Deviation of 2.12, market risk adjusted performance of 0.7303, and Risk Adjusted Performance of (0.06) 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 = -0.1122
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Estimated Market Risk
2.12 actual daily | 18 82% of assets are more volatile |
Expected Return
-0.24 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.11 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.
Hafnia Valuation on April 17, 2024
It is possible to determine the worth of Hafnia on a given historical date. On April 17, 2024 Hafnia was worth 69.48 at the beginning of the trading date compared to the closed value of 70.84. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Hafnia stock. Still, in general, we apply an absolute valuation method to find Hafnia'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 Hafnia where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Hafnia's related companies.
Open | High | Low | Close | Volume | |
68.96 | 69.65 | 68.54 | 69.05 | 1,182,288 | |
04/17/2024 | 69.48 | 70.97 | 69.48 | 70.84 | 1,224,324 |
70.84 | 70.97 | 68.71 | 68.84 | 1,102,848 |
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Hafnia Trading Date Momentum on April 17, 2024
On April 18 2024 Hafnia was traded for 68.84 at the closing time. The highest price during the trading period was 70.97 and the lowest recorded bid was listed for 68.71 . The volume for the day was 1.1 M. This history from April 18, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 2.82% . The trading delta at closing time to the current price is 0.96% . |
Hafnia Fundamentals Correlations and Trends
By evaluating Hafnia'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 Hafnia's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Hafnia financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Hafnia Stock history
Hafnia 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 Hafnia is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Hafnia 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 Hafnia stock prices may prove useful in developing a viable investing in Hafnia
The company operates through four segments Long Range II , Long Range I , Medium Range , and Handy size . As of January 8, 2021, it operated a fleet of 178 vessels in pools, including newbuilds, of which 103 are owned or chartered-in including six owned LR2s, 35 owned and chartered-in LR1s, 48 owned and chartered-in MRs, and 14 owned and chartered-in Handy vessels. HAFNIA is traded on Oslo Stock Exchange in Norway.
Hafnia Stock Technical Analysis
Hafnia 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
Hafnia Period Price Range
Low | December 11, 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 11, 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 | (0.06) | |||
Jensen Alpha | (0.18) | |||
Total Risk Alpha | (0.55) | |||
Treynor Ratio | 0.7203 |
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Other Information on Investing in Hafnia Stock
Hafnia financial ratios help investors to determine whether Hafnia 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 Hafnia with respect to the benefits of owning Hafnia security.