Tomra Systems (Norway) Price on April 3, 2024
TOM Stock | NOK 151.00 0.90 0.59% |
If you're considering investing in Tomra Stock, it is important to understand the factors that can impact its price. As of today, the current price of Tomra Systems stands at 151.00, as last reported on the 11th of December 2024, with the highest price reaching 151.90 and the lowest price hitting 150.10 during the day. Tomra Systems ASA owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0063, which indicates the firm had a -0.0063% return per unit of risk over the last 3 months. Tomra Systems ASA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tomra Systems' Risk Adjusted Performance of 0.0021, variance of 5.68, and Coefficient Of Variation of (14,863) to confirm the risk estimate we provide.
Tomra Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Tomra |
Sharpe Ratio = -0.0063
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Estimated Market Risk
2.36 actual daily | 21 79% of assets are more volatile |
Expected Return
-0.01 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 Tomra Systems 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 Tomra Systems by adding Tomra Systems to a well-diversified portfolio.
Tomra Systems Valuation on April 3, 2024
It is possible to determine the worth of Tomra Systems on a given historical date. On April 3, 2024 Tomra was worth 161.74 at the beginning of the trading date compared to the closed value of 154.24. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tomra Systems stock. Still, in general, we apply an absolute valuation method to find Tomra Systems' 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 Tomra Systems where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tomra Systems' related companies.
Open | High | Low | Close | Volume | |
163.52 | 170.33 | 162.24 | 162.24 | 496,712 | |
04/03/2024 | 161.74 | 161.84 | 152.57 | 154.24 | 692,865 |
154.24 | 156.71 | 152.37 | 155.03 | 628,241 |
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Tomra Systems Trading Date Momentum on April 3, 2024
On April 04 2024 Tomra Systems ASA was traded for 155.03 at the closing time. The maximum traded price for the trading interval was 156.71 and the lowest daily price was 152.37 . The daily volume was recorded at 628.2 K. The volume of trading on 4th of April 2024 played a part in the next trading day price upswing. The trading price change to the next closing price was 0.51% . The trading price change to the closing price today is 5.89% . |
Tomra Systems ASA Fundamentals Correlations and Trends
By evaluating Tomra Systems' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Tomra Systems' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tomra financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Tomra Systems Stock history
Tomra Systems 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 Tomra is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tomra Systems 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 Tomra Systems stock prices may prove useful in developing a viable investing in Tomra Systems
Tomra Systems ASA provides sensor-based solutions for optimal resource productivity worldwide. Tomra Systems ASA was founded in 1972 and is headquartered in Asker, Norway. TOMRA SYSTEMS operates under Waste Management classification in Norway and is traded on Oslo Stock Exchange. It employs 4000 people.
Tomra Systems Stock Technical Analysis
Tomra Systems 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
Tomra Systems Period Price Range
Low | December 11, 2024
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0.00 | 0.00 |
Tomra Systems 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.
Tomra Systems December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Tomra Systems stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tomra Systems shares will generate the highest return on investment. By undertsting and applying Tomra Systems stock market strength indicators, traders can identify Tomra Systems ASA entry and exit signals to maximize returns
Tomra Systems Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tomra Systems' price direction in advance. Along with the technical and fundamental analysis of Tomra Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tomra 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 | 0.0021 | |||
Jensen Alpha | (0.1) | |||
Total Risk Alpha | (0.40) | |||
Treynor Ratio | (0.04) |
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Other Information on Investing in Tomra Stock
Tomra Systems financial ratios help investors to determine whether Tomra 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 Tomra with respect to the benefits of owning Tomra Systems security.