Nordic Technology (Norway) Price on September 5, 2024
NTG Stock | 2.70 0.00 0.00% |
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 Technology stands at 2.70, as last reported on the 2nd of December, with the highest price reaching 2.70 and the lowest price hitting 2.70 during the day. Nordic Technology has Sharpe Ratio of -0.091, which conveys that the firm had a -0.091% return per unit of risk over the last 3 months. Nordic Technology exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nordic Technology's Standard Deviation of 2.61, mean deviation of 1.11, and Risk Adjusted Performance of (0.11) 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 = -0.091
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Estimated Market Risk
2.0 actual daily | 17 83% of assets are more volatile |
Expected Return
-0.18 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.09 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Nordic Technology 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 Technology by adding Nordic Technology to a well-diversified portfolio.
Nordic Technology Valuation on September 5, 2024
It is possible to determine the worth of Nordic Technology on a given historical date. On September 5, 2024 Nordic was worth 3.08 at the beginning of the trading date compared to the closed value of 3.08. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nordic Technology stock. Still, in general, we apply an absolute valuation method to find Nordic Technology'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 Technology where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nordic Technology's related companies.
Open | High | Low | Close | Volume | |
3.08 | 3.08 | 3.08 | 3.08 | 5,352,731 | |
09/05/2024 | 3.08 | 3.08 | 3.08 | 3.08 | 5,352,731 |
2.90 | 3.08 | 2.90 | 3.08 | 5,352,731 |
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Nordic Technology Trading Date Momentum on September 5, 2024
On September 06 2024 Nordic Technology Group was traded for 3.08 at the closing time. The maximum traded price for the trading interval was 3.08 and the lowest daily price was 2.90 . The daily volume was recorded at 5.4 M. The volume of trading on 6th of September 2024 did not cause price change. The trading delta at closing time to the closing price today is 0.00% . |
Nordic Technology Fundamentals Correlations and Trends
By evaluating Nordic Technology'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 Technology'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 Technology Stock history
Nordic Technology 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 Technology 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 Technology stock prices may prove useful in developing a viable investing in Nordic Technology
Nordic Technology Stock Technical Analysis
Nordic Technology 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 Technology Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Nordic Technology Group 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 Technology December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Nordic Technology 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 Technology shares will generate the highest return on investment. By undertsting and applying Nordic Technology stock market strength indicators, traders can identify Nordic Technology Group entry and exit signals to maximize returns
Nordic Technology Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nordic Technology'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 | (0.11) | |||
Jensen Alpha | (0.38) | |||
Total Risk Alpha | (0.84) | |||
Treynor Ratio | 2.05 |
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Other Information on Investing in Nordic Stock
Nordic Technology 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 Technology security.