Tysnes Sparebank (Norway) Price on February 2, 2024

TYSB Stock  NOK 116.52  1.98  1.67%   
If you're considering investing in Tysnes Stock, it is important to understand the factors that can impact its price. As of today, the current price of Tysnes Sparebank stands at 116.52, as last reported on the 11th of December 2024, with the highest price reaching 116.52 and the lowest price hitting 116.52 during the day. Tysnes Sparebank owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0592, which indicates the firm had a -0.0592% return per unit of risk over the last 3 months. Tysnes Sparebank exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tysnes Sparebank's Variance of 0.5184, coefficient of variation of (1,715), and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide.
  
Tysnes Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0592

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Estimated Market Risk

 0.73
  actual daily
6
94% of assets are more volatile

Expected Return

 -0.04
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.06
  actual daily
0
Most of other assets perform better
Based on monthly moving average Tysnes Sparebank 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 Tysnes Sparebank by adding Tysnes Sparebank to a well-diversified portfolio.

Tysnes Sparebank Valuation on February 2, 2024

It is possible to determine the worth of Tysnes Sparebank on a given historical date. On February 2, 2024 Tysnes was worth 109.19 at the beginning of the trading date compared to the closed value of 109.19. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tysnes Sparebank stock. Still, in general, we apply an absolute valuation method to find Tysnes Sparebank'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 Tysnes Sparebank where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tysnes Sparebank's related companies.
 Open High Low Close Volume
  109.19    109.19    109.19    109.19    9.00  
02/02/2024
  109.19    109.19    109.19    109.19    1.00  
  108.25    108.25    108.25    108.25    1.00  
Backtest Tysnes Sparebank  |  Tysnes Sparebank History  |  Tysnes Sparebank Valuation   PreviousNext  
Open Value
109.19
107.00
Downside
109.19
Closing Value
111.38
Upside

Tysnes Sparebank Trading Date Momentum on February 2, 2024

On February 05 2024 Tysnes Sparebank was traded for  108.25  at the closing time. The highest price during the trading period was 108.25  and the lowest recorded bid was listed for  108.25 . There was no trading activity during the period 1.0. Lack of trading volume on February 5, 2024 contributed to the next trading day price decline. The trading price change to the next closing price was 0.86% . The trading price change to the current price is 0.00% .

Tysnes Sparebank Fundamentals Correlations and Trends

By evaluating Tysnes Sparebank'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 Tysnes Sparebank's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tysnes financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Tysnes Sparebank Stock history

Tysnes Sparebank 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 Tysnes is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tysnes Sparebank 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 Tysnes Sparebank stock prices may prove useful in developing a viable investing in Tysnes Sparebank
Tysnes Sparebank, a savings bank, provides banking products and services for private and business customers in Tysness and surrounding areas. The company was incorporated in 1862 and is headquartered in Tysnes, Norway branches in Kvinnherad, Bergen, Odda, and Stord. TYSNES SPAREBANK is traded on Oslo Stock Exchange in Norway.

Tysnes Sparebank Stock Technical Analysis

Tysnes Sparebank 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.
A focus of Tysnes Sparebank technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Tysnes Sparebank trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Tysnes Sparebank Period Price Range

Low
December 11, 2024
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High

 0.00 

     

 0.00 

Tysnes Sparebank 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.

Tysnes Sparebank December 11, 2024 Market Strength

Market strength indicators help investors to evaluate how Tysnes Sparebank stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tysnes Sparebank shares will generate the highest return on investment. By undertsting and applying Tysnes Sparebank stock market strength indicators, traders can identify Tysnes Sparebank entry and exit signals to maximize returns

Tysnes Sparebank Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Tysnes Sparebank's price direction in advance. Along with the technical and fundamental analysis of Tysnes Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tysnes 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.

Other Information on Investing in Tysnes Stock

Tysnes Sparebank financial ratios help investors to determine whether Tysnes 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 Tysnes with respect to the benefits of owning Tysnes Sparebank security.