Nitro Games (Sweden) Price on August 20, 2024
| NITRO Stock | SEK 2.66 0.10 3.91% |
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 2.66, as last reported on the 30th of November, with the highest price reaching 2.66 and the lowest price hitting 2.50 during the day. Currently, Nitro Games Oyj is dangerous. Nitro Games Oyj has Sharpe Ratio of 0.0079, which conveys that the firm had a 0.0079% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nitro Games, which you can use to evaluate the volatility of the firm. Please verify Nitro Games' Downside Deviation of 5.13, risk adjusted performance of 0.011, and Mean Deviation of 3.01 to check out if the risk estimate we provide is consistent with the expected return of 0.0384%.
Nitro Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Nitro |
Sharpe Ratio = 0.0079
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Estimated Market Risk
| 4.89 actual daily | 43 57% of assets are more volatile |
Expected Return
| 0.04 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 August 20, 2024
It is possible to determine the worth of Nitro Games on a given historical date. On August 20, 2024 Nitro was worth 3.42 at the beginning of the trading date compared to the closed value of 3.48. 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 | |
| 3.66 | 3.66 | 3.20 | 3.36 | 316,039 | |
08/20/2024 | 3.42 | 3.50 | 3.28 | 3.48 | 122,339 |
| 3.58 | 3.60 | 3.26 | 3.38 | 138,083 |
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Nitro Games Trading Date Momentum on August 20, 2024
| On August 21 2024 Nitro Games Oyj was traded for 3.38 at the closing time. The highest price during the trading period was 3.60 and the lowest recorded bid was listed for 3.26 . The volume for the day was 138.1 K. This history from August 21, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 2.87% . The trading delta at closing time to the current price is 11.49% . |
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.
Price Boundaries
Nitro Games Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
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 November 30, 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.
| Risk Adjusted Performance | 0.011 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.80) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1054 |
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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.