Nitro Games (Sweden) Price on July 10, 2024

NITRO Stock  SEK 2.32  0.06  2.65%   
If you're considering investing in Nitro Stock, it is important to understand the factors that can impact its price. As of today, the current price of Nitro Games stands at 2.32, as last reported on the 12th of December 2024, with the highest price reaching 2.36 and the lowest price hitting 2.20 during the day. Nitro Games Oyj has Sharpe Ratio of -0.0144, which conveys that the firm had a -0.0144% return per unit of risk over the last 3 months. Nitro Games exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nitro Games' Risk Adjusted Performance of 1.0E-4, mean deviation of 3.12, and Standard Deviation of 4.92 to check out the risk estimate we provide.
  
Nitro Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0144

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Estimated Market Risk

 5.0
  actual daily
44
56% of assets are more volatile

Expected Return

 -0.07
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.01
  actual daily
0
Most of other assets perform better
Based on monthly moving average Nitro Games 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 Nitro Games by adding Nitro Games to a well-diversified portfolio.

Nitro Games Valuation on July 10, 2024

It is possible to determine the worth of Nitro Games on a given historical date. On July 10, 2024 Nitro was worth 3.1 at the beginning of the trading date compared to the closed value of 3.16. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nitro Games stock. Still, in general, we apply an absolute valuation method to find Nitro Games' 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 Nitro Games where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nitro Games' related companies.
 Open High Low Close Volume
  3.20    3.22    3.10    3.18    33,245  
07/10/2024
  3.10    3.18    3.10    3.16    15,827  
  3.10    3.16    3.10    3.16    9,624  
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Open Value
3.1
3.16
Closing Value
18.10
Upside

Nitro Games Trading Date Momentum on July 10, 2024

On July 11 2024 Nitro Games Oyj was traded for  3.16  at the closing time. The highest price during the trading period was 3.16  and the lowest recorded bid was listed for  3.10 . The volume for the day was 9.6 K. This history from July 11, 2024 did not cause price change. The trading delta at closing time to the current price is 3.16% .

Nitro Games Oyj Fundamentals Correlations and Trends

By evaluating Nitro Games' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Nitro Games' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nitro financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Nitro Games Stock history

Nitro Games 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 Nitro is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nitro Games Oyj 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 Nitro Games stock prices may prove useful in developing a viable investing in Nitro Games
Nitro Games Oyj develops and publishes games for smartphones and tablets worldwide. The company was founded in 2007 and is headquartered in Kotka, Finland. Nitro Games is traded on Stockholm Stock Exchange in Sweden.

Nitro Games Stock Technical Analysis

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

Nitro Games Period Price Range

Low
December 12, 2024
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High

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Nitro Games Oyj cannot be verified against its exchange. Please verify the symbol is currently traded on Stockholm 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.

Nitro Games December 12, 2024 Market Strength

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

Nitro Games Technical and Predictive Indicators

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

Additional Tools for Nitro Stock Analysis

When running Nitro Games' price analysis, check to measure Nitro Games' 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 Nitro Games is operating at the current time. Most of Nitro Games' value examination focuses on studying past and present price action to predict the probability of Nitro Games' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nitro Games' price. Additionally, you may evaluate how the addition of Nitro Games to your portfolios can decrease your overall portfolio volatility.