OtelloASA (Germany) Price on October 21, 2024
OS3 Stock | EUR 0.66 0.01 1.54% |
If you're considering investing in OtelloASA Stock, it is important to understand the factors that can impact its price. As of today, the current price of OtelloASA stands at 0.66, as last reported on the 1st of December, with the highest price reaching 0.66 and the lowest price hitting 0.66 during the day. Otello ASA maintains Sharpe Ratio (i.e., Efficiency) of -0.0441, which implies the firm had a -0.0441% return per unit of risk over the last 3 months. Otello ASA exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check OtelloASA's Variance of 2.92, risk adjusted performance of (0.02), and Coefficient Of Variation of (3,231) to confirm the risk estimate we provide.
OtelloASA Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
OtelloASA |
Sharpe Ratio = -0.0441
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Estimated Market Risk
1.7 actual daily | 15 85% of assets are more volatile |
Expected Return
-0.07 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average OtelloASA 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 OtelloASA by adding OtelloASA to a well-diversified portfolio.
OtelloASA Valuation on October 21, 2024
It is possible to determine the worth of OtelloASA on a given historical date. On October 21, 2024 OtelloASA was worth 0.65 at the beginning of the trading date compared to the closed value of 0.65. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of OtelloASA stock. Still, in general, we apply an absolute valuation method to find OtelloASA'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 OtelloASA where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against OtelloASA's related companies.
Open | High | Low | Close | Volume | |
0.65 | 0.65 | 0.65 | 0.65 | 1.00 | |
10/21/2024 | 0.65 | 0.65 | 0.65 | 0.65 | 1.00 |
0.66 | 0.66 | 0.66 | 0.66 | 1.00 |
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OtelloASA Trading Date Momentum on October 21, 2024
On October 22 2024 Otello ASA was traded for 0.66 at the closing time. The highest daily price throughout the period was 0.66 and the lowest price was 0.66 . There was no trading activity during the period 1.0. Lack of trading volume on 10/22/2024 added to the next day price rise. The trading delta at closing time to closing price of the next trading day was 1.54% . The trading delta at closing time to current closing price is 1.54% . |
Otello ASA Fundamentals Correlations and Trends
By evaluating OtelloASA'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 OtelloASA's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. OtelloASA financial account trend analysis is a perfect complement when working with valuation or volatility modules.About OtelloASA Stock history
OtelloASA 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 OtelloASA is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Otello 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 OtelloASA stock prices may prove useful in developing a viable investing in OtelloASA
Otello Corporation ASA develops, produces, and sells software and associated services in the areas of mobile advertising, apps, and games. Otello Corporation ASA was founded in 1995 and is based in Oslo, Norway. OTELLO CORP operates under Software - Application classification in Germany and is traded on Frankfurt Stock Exchange. It employs 485 people.
OtelloASA Stock Technical Analysis
OtelloASA 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
OtelloASA Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Otello ASA cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt 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.
OtelloASA December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how OtelloASA stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading OtelloASA shares will generate the highest return on investment. By undertsting and applying OtelloASA stock market strength indicators, traders can identify Otello ASA entry and exit signals to maximize returns
OtelloASA Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for OtelloASA's price direction in advance. Along with the technical and fundamental analysis of OtelloASA Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of OtelloASA 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 | (0.02) | |||
Jensen Alpha | (0.11) | |||
Total Risk Alpha | (0.35) | |||
Treynor Ratio | (0.16) |
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When running OtelloASA's price analysis, check to measure OtelloASA'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 OtelloASA is operating at the current time. Most of OtelloASA's value examination focuses on studying past and present price action to predict the probability of OtelloASA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OtelloASA's price. Additionally, you may evaluate how the addition of OtelloASA to your portfolios can decrease your overall portfolio volatility.
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