Nordic Aqua (Norway) Price on September 27, 2024
| NOAP Stock | NOK 74.50 2.00 2.76% |
If you're considering investing in Nordic Stock, it is important to understand the factors that can impact its price. As of today, the current price of Nordic Aqua stands at 74.50, as last reported on the 2nd of December, with the highest price reaching 74.50 and the lowest price hitting 73.00 during the day. Nordic Aqua Partners has Sharpe Ratio of -0.12, which conveys that the firm had a -0.12% return per unit of risk over the last 3 months. Nordic Aqua exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nordic Aqua's Standard Deviation of 2.26, mean deviation of 1.48, and Risk Adjusted Performance of (0.1) to check out the risk estimate we provide.
Nordic Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Nordic |
Sharpe Ratio = -0.1237
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Estimated Market Risk
| 2.27 actual daily | 20 80% of assets are more volatile |
Expected Return
| -0.28 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.12 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Nordic Aqua 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 Nordic Aqua by adding Nordic Aqua to a well-diversified portfolio.
Nordic Aqua Valuation on September 27, 2024
It is possible to determine the worth of Nordic Aqua on a given historical date. On September 27, 2024 Nordic was worth 83.0 at the beginning of the trading date compared to the closed value of 80.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nordic Aqua stock. Still, in general, we apply an absolute valuation method to find Nordic Aqua'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 Nordic Aqua where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nordic Aqua's related companies.
| Open | High | Low | Close | Volume | |
| 92.00 | 92.00 | 91.00 | 91.50 | 95.00 | |
09/27/2024 | 83.00 | 83.00 | 76.00 | 80.00 | 18,862 |
| 80.00 | 80.00 | 78.00 | 79.00 | 5,367 |
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Nordic Aqua Trading Date Momentum on September 27, 2024
| On September 30 2024 Nordic Aqua Partners was traded for 79.00 at the closing time. The highest price during the trading period was 80.00 and the lowest recorded bid was listed for 78.00 . The volume for the day was 5.4 K. This history from September 30, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 1.25% . The trading delta at closing time to the current price is 1.25% . |
Nordic Aqua Partners Fundamentals Correlations and Trends
By evaluating Nordic Aqua'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 Nordic Aqua's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nordic financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Nordic Aqua Stock history
Nordic Aqua 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 Nordic is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nordic Aqua Partners 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 Nordic Aqua stock prices may prove useful in developing a viable investing in Nordic Aqua
Nordic Aqua Partners AS, a holding company, provides aquaculture services in the Peoples Republic of China. The company was incorporated in 2016 and is based in Ribe, Denmark. NORDIC AQUA is traded on Oslo Stock Exchange in Norway.
Nordic Aqua Stock Technical Analysis
Nordic Aqua 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
Nordic Aqua Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Nordic Aqua Partners 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.
Nordic Aqua December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Nordic Aqua stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nordic Aqua shares will generate the highest return on investment. By undertsting and applying Nordic Aqua stock market strength indicators, traders can identify Nordic Aqua Partners entry and exit signals to maximize returns
Nordic Aqua Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nordic Aqua's price direction in advance. Along with the technical and fundamental analysis of Nordic Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nordic 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 | (0.1) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.70) | |||
| Treynor Ratio | 0.6409 |
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Other Information on Investing in Nordic Stock
Nordic Aqua financial ratios help investors to determine whether Nordic 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 Nordic with respect to the benefits of owning Nordic Aqua security.