Tekna Holding (Norway) Price on December 15, 2024
TEKNA Stock | NOK 3.99 0.16 4.18% |
If you're considering investing in Tekna Stock, it is important to understand the factors that can impact its price. As of today, the current price of Tekna Holding stands at 3.99, as last reported on the 15th of December 2024, with the highest price reaching 4.00 and the lowest price hitting 3.80 during the day. Tekna Holding AS owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0503, which indicates the firm had a -0.0503% return per unit of risk over the last 3 months. Tekna Holding AS exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tekna Holding's Coefficient Of Variation of (1,818), variance of 24.6, and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide.
Tekna Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Tekna |
Sharpe Ratio = -0.0503
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Estimated Market Risk
4.96 actual daily | 44 56% of assets are more volatile |
Expected Return
-0.25 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Tekna Holding 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 Tekna Holding by adding Tekna Holding to a well-diversified portfolio.
Tekna Holding Valuation on December 15, 2024
It is possible to determine the worth of Tekna Holding on a given historical date. On December 15, 2024 Tekna was worth 3.8 at the beginning of the trading date compared to the closed value of 3.99. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tekna Holding stock. Still, in general, we apply an absolute valuation method to find Tekna Holding'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 Tekna Holding where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tekna Holding's related companies.
Open | High | Low | Close | Volume | |
3.80 | 4.00 | 3.80 | 3.99 | 156,058 | |
12/15/2024 | 3.80 | 4.00 | 3.80 | 3.99 | 0.00 |
Backtest Tekna Holding | | | Tekna Holding History | | | Tekna Holding Valuation | Previous |
Tekna Holding Trading Date Momentum on December 15, 2024
On December 15 2024 Tekna Holding AS was traded for 3.99 at the closing time. The highest price during the trading period was 4.00 and the lowest recorded bid was listed for 3.80 . There was no trading activity during the period 0.0. Lack of trading volume on December 15, 2024 did not result in any price rise and fall. The trading price change to the current price is 4.76% . |
Tekna Holding AS Fundamentals Correlations and Trends
By evaluating Tekna Holding'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 Tekna Holding's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tekna financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Tekna Holding Stock history
Tekna Holding 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 Tekna is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tekna Holding 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 Tekna Holding stock prices may prove useful in developing a viable investing in Tekna Holding
Tekna Holding AS produces and sells spherical powders and nanopowders, and plasma systems for powder production of advanced materials worldwide. Its metal powders and plasma systems are used in various industrial sectors, such as aviation, aerospace, medical, mining and drilling, energy storage and microelectronics. TEKNA HOLDING is traded on Oslo Stock Exchange in Norway.
Tekna Holding Stock Technical Analysis
Tekna Holding 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
Tekna Holding Period Price Range
Low | December 15, 2024
| High |
0.00 | 0.00 |
Tekna Holding 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.
Tekna Holding December 15, 2024 Market Strength
Market strength indicators help investors to evaluate how Tekna Holding stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tekna Holding shares will generate the highest return on investment. By undertsting and applying Tekna Holding stock market strength indicators, traders can identify Tekna Holding AS entry and exit signals to maximize returns
Tekna Holding Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tekna Holding's price direction in advance. Along with the technical and fundamental analysis of Tekna Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tekna 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 | (0.11) | |||
Total Risk Alpha | (0.90) | |||
Treynor Ratio | 0.1486 |
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Other Information on Investing in Tekna Stock
Tekna Holding financial ratios help investors to determine whether Tekna 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 Tekna with respect to the benefits of owning Tekna Holding security.