Norva24 Group (Sweden) Price on September 18, 2024
| NORVA Stock | 28.90 0.15 0.52% |
If you're considering investing in Norva24 Stock, it is important to understand the factors that can impact its price. As of today, the current price of Norva24 Group stands at 28.90, as last reported on the 29th of November, with the highest price reaching 29.00 and the lowest price hitting 28.40 during the day. Norva24 Group AB has Sharpe Ratio of -0.0618, which conveys that the firm had a -0.0618% return per unit of risk over the last 3 months. Norva24 Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Norva24 Group's Mean Deviation of 1.51, standard deviation of 2.11, and Risk Adjusted Performance of (0.03) to check out the risk estimate we provide.
Norva24 Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Norva24 |
Sharpe Ratio = -0.0618
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | NORVA |
Estimated Market Risk
| 2.1 actual daily | 18 82% of assets are more volatile |
Expected Return
| -0.13 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Norva24 Group 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 Norva24 Group by adding Norva24 Group to a well-diversified portfolio.
Norva24 Group Valuation on September 18, 2024
It is possible to determine the worth of Norva24 Group on a given historical date. On September 18, 2024 Norva24 was worth 33.0 at the beginning of the trading date compared to the closed value of 32.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Norva24 Group stock. Still, in general, we apply an absolute valuation method to find Norva24 Group'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 Norva24 Group where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Norva24 Group's related companies.
| Open | High | Low | Close | Volume | |
| 32.95 | 33.15 | 32.15 | 32.55 | 64,108 | |
09/18/2024 | 33.00 | 33.00 | 31.90 | 32.10 | 45,228 |
| 32.95 | 32.95 | 31.60 | 31.70 | 34,841 |
| Backtest Norva24 Group | | | Norva24 Group History | | | Norva24 Group Valuation | Previous | Next |
Norva24 Group Trading Date Momentum on September 18, 2024
| On September 19 2024 Norva24 Group AB was traded for 31.70 at the closing time. The highest price during the trading period was 32.95 and the lowest recorded bid was listed for 31.60 . The volume for the day was 34.8 K. This history from September 19, 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 9.50% . |
Norva24 Group AB Fundamentals Correlations and Trends
By evaluating Norva24 Group'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 Norva24 Group's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Norva24 financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Norva24 Group Stock history
Norva24 Group 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 Norva24 is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Norva24 Group AB 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 Norva24 Group stock prices may prove useful in developing a viable investing in Norva24 Group
Norva24 Group Stock Technical Analysis
Norva24 Group 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
Norva24 Group Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Norva24 Group AB 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.
Norva24 Group November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Norva24 Group stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Norva24 Group shares will generate the highest return on investment. By undertsting and applying Norva24 Group stock market strength indicators, traders can identify Norva24 Group AB entry and exit signals to maximize returns
Norva24 Group Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Norva24 Group's price direction in advance. Along with the technical and fundamental analysis of Norva24 Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Norva24 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 | (0.03) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (0.29) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Additional Tools for Norva24 Stock Analysis
When running Norva24 Group's price analysis, check to measure Norva24 Group's 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 Norva24 Group is operating at the current time. Most of Norva24 Group's value examination focuses on studying past and present price action to predict the probability of Norva24 Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Norva24 Group's price. Additionally, you may evaluate how the addition of Norva24 Group to your portfolios can decrease your overall portfolio volatility.