Hofseth Biocare (Norway) Price on October 25, 2024
HBC Stock | NOK 1.30 0.01 0.76% |
If you're considering investing in Hofseth Stock, it is important to understand the factors that can impact its price. As of today, the current price of Hofseth Biocare stands at 1.30, as last reported on the 29th of November, with the highest price reaching 1.30 and the lowest price hitting 1.21 during the day. Hofseth Biocare ASA holds Efficiency (Sharpe) Ratio of -0.13, which attests that the entity had a -0.13% return per unit of risk over the last 3 months. Hofseth Biocare ASA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hofseth Biocare's Market Risk Adjusted Performance of 1.05, risk adjusted performance of (0.11), and Standard Deviation of 4.03 to validate the risk estimate we provide.
Hofseth Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Hofseth |
Sharpe Ratio = -0.1333
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Estimated Market Risk
4.05 actual daily | 36 64% of assets are more volatile |
Expected Return
-0.54 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.13 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Hofseth Biocare 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 Hofseth Biocare by adding Hofseth Biocare to a well-diversified portfolio.
Hofseth Biocare Valuation on October 25, 2024
It is possible to determine the worth of Hofseth Biocare on a given historical date. On October 25, 2024 Hofseth was worth 1.41 at the beginning of the trading date compared to the closed value of 1.52. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Hofseth Biocare stock. Still, in general, we apply an absolute valuation method to find Hofseth Biocare'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 Hofseth Biocare where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Hofseth Biocare's related companies.
Open | High | Low | Close | Volume | |
1.48 | 1.48 | 1.41 | 1.45 | 53,370 | |
10/25/2024 | 1.41 | 1.52 | 1.38 | 1.52 | 138,607 |
1.60 | 1.60 | 1.34 | 1.48 | 119,782 |
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Hofseth Biocare Trading Date Momentum on October 25, 2024
On October 28 2024 Hofseth Biocare ASA was traded for 1.48 at the closing time. The maximum traded price for the trading interval was 1.60 and the lowest daily price was 1.34 . The daily volume was recorded at 119.8 K. The volume of trading on 28th of October 2024 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 2.63% . The trading delta at closing time to the closing price today is 1.32% . |
Hofseth Biocare ASA Fundamentals Correlations and Trends
By evaluating Hofseth Biocare'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 Hofseth Biocare's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Hofseth financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Hofseth Biocare Stock history
Hofseth Biocare 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 Hofseth is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Hofseth Biocare 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 Hofseth Biocare stock prices may prove useful in developing a viable investing in Hofseth Biocare
Hofseth BioCare ASA, a biotech company, offers value added biomarine ingredients and finished products for human consumption and pet in Norway. The company was founded in 2000 and is headquartered in lesund, Norway. HOFSETH BIOCARE operates under Pharmaceuticals And Biosciences classification in Norway and is traded on Oslo Stock Exchange. It employs 44 people.
Hofseth Biocare Stock Technical Analysis
Hofseth Biocare 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
Hofseth Biocare Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Hofseth Biocare 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.
Hofseth Biocare November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Hofseth Biocare stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hofseth Biocare shares will generate the highest return on investment. By undertsting and applying Hofseth Biocare stock market strength indicators, traders can identify Hofseth Biocare ASA entry and exit signals to maximize returns
Hofseth Biocare Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Hofseth Biocare's price direction in advance. Along with the technical and fundamental analysis of Hofseth Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Hofseth 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 | (0.54) | |||
Total Risk Alpha | (1.22) | |||
Treynor Ratio | 1.04 |
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Other Information on Investing in Hofseth Stock
Hofseth Biocare financial ratios help investors to determine whether Hofseth 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 Hofseth with respect to the benefits of owning Hofseth Biocare security.