Kitron ASA (Norway) Price on January 11, 2023

KIT Stock  NOK 31.50  1.06  3.26%   
If you're considering investing in Kitron Stock, it is important to understand the factors that can impact its price. As of today, the current price of Kitron ASA stands at 31.50, as last reported on the 11th of December 2024, with the highest price reaching 31.64 and the lowest price hitting 30.86 during the day. Kitron ASA has Sharpe Ratio of -0.0165, which conveys that the firm had a -0.0165% return per unit of risk over the last 3 months. Kitron ASA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kitron ASA's Mean Deviation of 1.23, standard deviation of 1.7, and Risk Adjusted Performance of (0.01) to check out the risk estimate we provide.
  
Kitron Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0165

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Estimated Market Risk

 1.72
  actual daily
15
85% 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
0
Most of other assets perform better
Based on monthly moving average Kitron ASA 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 Kitron ASA by adding Kitron ASA to a well-diversified portfolio.

Kitron ASA Valuation on January 11, 2023

It is possible to determine the worth of Kitron ASA on a given historical date. On January 11, 2023 Kitron was worth 26.26 at the beginning of the trading date compared to the closed value of 25.93. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Kitron ASA stock. Still, in general, we apply an absolute valuation method to find Kitron ASA'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 Kitron ASA where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Kitron ASA's related companies.
 Open High Low Close Volume
  26.46    26.46    26.02    26.26    162,727  
01/11/2023
  26.26    26.41    25.59    25.93    335,723  
  26.17    26.17    25.25    25.49    309,409  
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Open Value
26.26
25.93
Closing Value
31.43
Upside

Kitron ASA Trading Date Momentum on January 11, 2023

On January 12 2023 Kitron ASA was traded for  25.49  at the closing time. The maximum traded price for the trading interval was 26.17  and the lowest daily price was  25.25 . The daily volume was recorded at 309.4 K. The volume of trading on 12th of January 2023 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 1.70% . The trading delta at closing time to the closing price today is 3.74% .

Kitron ASA Fundamentals Correlations and Trends

By evaluating Kitron ASA'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 Kitron ASA's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Kitron financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Kitron ASA Stock history

Kitron ASA 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 Kitron is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Kitron 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 Kitron ASA stock prices may prove useful in developing a viable investing in Kitron ASA
Kitron ASA, an electronic manufacturing services company, together with its subsidiaries, develops, industrializes, and manufactures electronics for the energytelecoms, defenseaerospace, offshoremarine, medical device, and industry sectors. The company provides its products and services in Norway, Sweden, Lithuania, Germany, China, and the United States. KITRON ASA operates under Electronic Components classification in Norway and is traded on Oslo Stock Exchange. It employs 1682 people.

Kitron ASA Stock Technical Analysis

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

Kitron ASA Period Price Range

Low
December 11, 2024
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High

 0.00 

     

 0.00 

Kitron 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.

Kitron ASA December 11, 2024 Market Strength

Market strength indicators help investors to evaluate how Kitron ASA stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Kitron ASA shares will generate the highest return on investment. By undertsting and applying Kitron ASA stock market strength indicators, traders can identify Kitron ASA entry and exit signals to maximize returns

Kitron ASA Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Kitron ASA's price direction in advance. Along with the technical and fundamental analysis of Kitron Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Kitron 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 Kitron Stock

Kitron ASA financial ratios help investors to determine whether Kitron 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 Kitron with respect to the benefits of owning Kitron ASA security.