Solstad Offsho (Norway) Price on October 29, 2024
| SOFF Stock | NOK 41.20 0.70 1.73% |
If you're considering investing in Solstad Stock, it is important to understand the factors that can impact its price. As of today, the current price of Solstad Offsho stands at 41.20, as last reported on the 29th of November, with the highest price reaching 43.08 and the lowest price hitting 41.04 during the day. Solstad Offsho appears to be very steady, given 3 months investment horizon. Solstad Offsho owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0623, which indicates the firm had a 0.0623% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Solstad Offsho, which you can use to evaluate the volatility of the company. Please review Solstad Offsho's Risk Adjusted Performance of 0.0493, coefficient of variation of 1846.21, and Semi Deviation of 2.17 to confirm if our risk estimates are consistent with your expectations.
Solstad Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Solstad |
Sharpe Ratio = 0.0623
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | SOFF | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.52 actual daily | 31 69% of assets are more volatile |
Expected Return
| 0.22 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Solstad Offsho is performing at about 4% of its full potential. 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 Solstad Offsho by adding it to a well-diversified portfolio.
Solstad Offsho Valuation on October 29, 2024
It is possible to determine the worth of Solstad Offsho on a given historical date. On October 29, 2024 Solstad was worth 33.44 at the beginning of the trading date compared to the closed value of 32.01. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Solstad Offsho stock. Still, in general, we apply an absolute valuation method to find Solstad Offsho'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 Solstad Offsho where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Solstad Offsho's related companies.
| Open | High | Low | Close | Volume | |
| 30.55 | 31.41 | 30.02 | 31.39 | 149,469 | |
10/29/2024 | 33.44 | 33.44 | 31.49 | 32.01 | 254,067 |
| 32.22 | 33.34 | 32.01 | 33.19 | 170,849 |
| Backtest Solstad Offsho | | | Solstad Offsho History | | | Solstad Offsho Valuation | Previous | Next |
Solstad Offsho Trading Date Momentum on October 29, 2024
| On October 30 2024 Solstad Offsho was traded for 33.19 at the closing time. The highest price during the trading period was 33.34 and the lowest recorded bid was listed for 32.01 . The volume for the day was 170.8 K. This history from October 30, 2024 contributed to the next trading day price upswing. The trading price change to the next closing price was 3.69% . The trading price change to the current price is 1.78% . |
Solstad Offsho Fundamentals Correlations and Trends
By evaluating Solstad Offsho'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 Solstad Offsho's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Solstad financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Solstad Offsho Stock history
Solstad Offsho 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 Solstad is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Solstad Offsho 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 Solstad Offsho stock prices may prove useful in developing a viable investing in Solstad Offsho
Solstad Offshore ASA operates offshore service and construction vessels for renewable energy at sea and offshore petroleum industry worldwide. Solstad Offshore ASA was founded in 1964 and is headquartered in Skudeneshavn, Norway. SOLSTAD OFFSHORE operates under Oil Gas Equipment Services classification in Norway and is traded on Oslo Stock Exchange. It employs 3620 people.
Solstad Offsho Stock Technical Analysis
Solstad Offsho 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
Solstad Offsho Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Solstad Offsho 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.
Solstad Offsho November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Solstad Offsho stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Solstad Offsho shares will generate the highest return on investment. By undertsting and applying Solstad Offsho stock market strength indicators, traders can identify Solstad Offsho entry and exit signals to maximize returns
Solstad Offsho Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Solstad Offsho's price direction in advance. Along with the technical and fundamental analysis of Solstad Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Solstad 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 | 0.0493 | |||
| Jensen Alpha | 0.0807 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | 0.0268 | |||
| Treynor Ratio | 0.2111 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Solstad Stock
Solstad Offsho financial ratios help investors to determine whether Solstad 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 Solstad with respect to the benefits of owning Solstad Offsho security.