Okea ASA (Norway) Price on December 1, 2024
OKEA Stock | NOK 19.99 0.09 0.45% |
If you're considering investing in Okea Stock, it is important to understand the factors that can impact its price. As of today, the current price of Okea ASA stands at 19.99, as last reported on the 1st of December, with the highest price reaching 20.00 and the lowest price hitting 19.70 during the day. Okea ASA maintains Sharpe Ratio (i.e., Efficiency) of -0.0344, which implies the firm had a -0.0344% return per unit of risk over the last 3 months. Okea ASA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Okea ASA's Coefficient Of Variation of (2,047), variance of 5.55, and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide.
Okea Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Okea |
Sharpe Ratio = -0.0344
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Estimated Market Risk
2.34 actual daily | 20 80% of assets are more volatile |
Expected Return
-0.08 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Okea ASA 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 Okea ASA by adding Okea ASA to a well-diversified portfolio.
Okea ASA Valuation on December 1, 2024
It is possible to determine the worth of Okea ASA on a given historical date. On December 1, 2024 Okea was worth 19.7 at the beginning of the trading date compared to the closed value of 19.99. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Okea ASA stock. Still, in general, we apply an absolute valuation method to find Okea ASA'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 Okea ASA where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Okea ASA's related companies.
Open | High | Low | Close | Volume | |
19.70 | 20.00 | 19.70 | 19.99 | 66,767 | |
12/01/2024 | 19.70 | 20.00 | 19.70 | 19.99 | 0.00 |
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Okea ASA Trading Date Momentum on December 1, 2024
On December 01 2024 Okea ASA was traded for 19.99 at the closing time. The highest price during the trading period was 20.00 and the lowest recorded bid was listed for 19.70 . There was no trading activity during the period 0.0. Lack of trading volume on December 1, 2024 did not cause price change. The trading delta at closing time to the current price is 1.45% . |
Okea ASA Fundamentals Correlations and Trends
By evaluating Okea ASA'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 Okea ASA's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Okea financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Okea ASA Stock history
Okea ASA 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 Okea is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Okea ASA 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 Okea ASA stock prices may prove useful in developing a viable investing in Okea ASA
OKEA ASA, an oil and gas company, engages in the development and production of oil and gas in the Norwegian continental shelf. The company was incorporated in 2015 and is headquartered in Trondheim, Norway. OKEA ASA is traded on Oslo Stock Exchange in Norway.
Okea ASA Stock Technical Analysis
Okea ASA 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
Okea ASA Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Okea ASA 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.
Okea ASA December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Okea ASA stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Okea ASA shares will generate the highest return on investment. By undertsting and applying Okea ASA stock market strength indicators, traders can identify Okea ASA entry and exit signals to maximize returns
Okea ASA Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Okea ASA's price direction in advance. Along with the technical and fundamental analysis of Okea Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Okea 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 | (0.08) | |||
Total Risk Alpha | (0.52) | |||
Treynor Ratio | 0.3892 |
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Other Information on Investing in Okea Stock
Okea ASA financial ratios help investors to determine whether Okea 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 Okea with respect to the benefits of owning Okea ASA security.