Otovo AS (Norway) Price on December 10, 2024
| OTOVO Stock | NOK 1.04 0.01 0.97% |
If you're considering investing in Otovo Stock, it is important to understand the factors that can impact its price. As of today, the current price of Otovo AS stands at 1.04, as last reported on the 13th of December 2024, with the highest price reaching 1.07 and the lowest price hitting 1.00 during the day. As of now, Otovo Stock is extremely dangerous. Otovo AS maintains Sharpe Ratio (i.e., Efficiency) of 0.0076, which implies the firm had a 0.0076% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Otovo AS, which you can use to evaluate the volatility of the company. Please check Otovo AS's Risk Adjusted Performance of 0.0306, semi deviation of 4.43, and Coefficient Of Variation of 3298.72 to confirm if the risk estimate we provide is consistent with the expected return of 0.0389%.
Otovo Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Otovo |
Sharpe Ratio = 0.0076
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| Negative Returns | OTOVO |
Estimated Market Risk
| 5.14 actual daily | 45 55% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Otovo AS 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 Otovo AS by adding Otovo AS to a well-diversified portfolio.
Otovo AS Valuation on December 10, 2024
It is possible to determine the worth of Otovo AS on a given historical date. On December 10, 2024 Otovo was worth 1.0 at the beginning of the trading date compared to the closed value of 1.01. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Otovo AS stock. Still, in general, we apply an absolute valuation method to find Otovo AS'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 Otovo AS where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Otovo AS's related companies.
| Open | High | Low | Close | Volume | |
| 0.99 | 1.07 | 0.99 | 1.06 | 135,956 | |
12/10/2024 | 1.00 | 1.07 | 0.98 | 1.01 | 113,472 |
| 1.00 | 1.06 | 1.00 | 1.03 | 139,760 |
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Otovo AS Trading Date Momentum on December 10, 2024
| On December 11 2024 Otovo AS was traded for 1.03 at the closing time. The highest price during the trading period was 1.06 and the lowest recorded bid was listed for 1.00 . The volume for the day was 139.8 K. This history from December 11, 2024 contributed to the next trading day price boost. The trading delta at closing time to the next closing price was 1.98% . The trading delta at closing time to the current price is 0.99% . |
Otovo AS Fundamentals Correlations and Trends
By evaluating Otovo AS'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 Otovo AS's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Otovo financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Otovo AS Stock history
Otovo AS 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 Otovo is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Otovo AS 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 Otovo AS stock prices may prove useful in developing a viable investing in Otovo AS
Otovo AS develops and supplies solar cells for private and corporate customers in Norway, Sweden, and Italy. The company was founded in 2016 and is based in Oslo, Norway. OTOVO AS is traded on Oslo Stock Exchange in Norway.
Otovo AS Stock Technical Analysis
Otovo AS 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
Otovo AS Period Price Range
Low | December 13, 2024
| High |
0.00 | 0.00 |
Otovo AS 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.
Otovo AS December 13, 2024 Market Strength
Market strength indicators help investors to evaluate how Otovo AS stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Otovo AS shares will generate the highest return on investment. By undertsting and applying Otovo AS stock market strength indicators, traders can identify Otovo AS entry and exit signals to maximize returns
Otovo AS Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Otovo AS's price direction in advance. Along with the technical and fundamental analysis of Otovo Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Otovo 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 | 0.0306 | |||
| Jensen Alpha | 0.1881 | |||
| Total Risk Alpha | (0.57) | |||
| Sortino Ratio | 0.0082 | |||
| Treynor Ratio | (0.35) |
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Other Information on Investing in Otovo Stock
Otovo AS financial ratios help investors to determine whether Otovo 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 Otovo with respect to the benefits of owning Otovo AS security.