Magnora ASA (UK) Price on August 14, 2024
| 0MHQ Stock | 23.85 0.90 3.64% |
Below is the normalized historical share price chart for Magnora ASA extending back to November 05, 2007. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Magnora ASA stands at 23.85, as last reported on the 24th of November, with the highest price reaching 24.10 and the lowest price hitting 23.75 during the day.
If you're considering investing in Magnora Stock, it is important to understand the factors that can impact its price. Magnora ASA has Sharpe Ratio of -0.0197, which conveys that the firm had a -0.0197% return per unit of risk over the last 3 months. Magnora ASA exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Magnora ASA's Risk Adjusted Performance of 0.0271, mean deviation of 1.45, and Downside Deviation of 2.93 to check out the risk estimate we provide.
At this time, Magnora ASA's Total Stockholder Equity is comparatively stable compared to the past year. Other Stockholder Equity is likely to gain to about 426 M in 2024, whereas Common Stock is likely to drop slightly above 28 M in 2024. . Magnora Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 31.2084 | 50 Day MA 29.7555 | Beta 1.115 |
Magnora |
Sharpe Ratio = -0.0197
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| Negative Returns | 0MHQ |
Estimated Market Risk
| 2.26 actual daily | 20 80% of assets are more volatile |
Expected Return
| -0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Magnora ASA 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 Magnora ASA by adding Magnora ASA to a well-diversified portfolio.
Book Value 7.1 | Enterprise Value 1.2 B | Shares Float 36.7 M | Earnings Share (1.28) | Revenue Per Share 0.204 |
Magnora ASA Valuation on August 14, 2024
It is possible to determine the worth of Magnora ASA on a given historical date. On August 14, 2024 Magnora was worth 25.39 at the beginning of the trading date compared to the closed value of 25.59. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Magnora ASA stock. Still, in general, we apply an absolute valuation method to find Magnora ASA'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 Magnora ASA where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Magnora ASA's related companies.
| Open | High | Low | Close | Volume | |
| 25.89 | 25.89 | 25.59 | 25.59 | 220.00 | |
08/14/2024 | 25.39 | 25.59 | 25.39 | 25.59 | 489.00 |
| 25.44 | 25.44 | 25.39 | 25.39 | 966.00 |
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Magnora ASA Trading Date Momentum on August 14, 2024
| On August 16 2024 Magnora ASA was traded for 25.39 at the closing time. The highest price during the trading period was 25.44 and the lowest recorded bid was listed for 25.39 . The volume for the day was 966. This history from August 16, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.78% . The trading delta at closing time to the current price is 2.50% . |
Magnora ASA Fundamentals Correlations and Trends
By evaluating Magnora ASA'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 Magnora ASA's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Magnora financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Magnora ASA Stock history
Magnora ASA 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 Magnora is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Magnora 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 Magnora ASA stock prices may prove useful in developing a viable investing in Magnora ASA
| Last Reported | Projected for Next Year | ||
| Net Income Applicable To Common Shares | 14.4 M | 24.4 M |
Magnora ASA Stock Technical Analysis
Magnora ASA 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
Magnora ASA Period Price Range
Low | November 24, 2024
| High |
0.00 | 0.00 |
Magnora ASA cannot be verified against its exchange. Please verify the symbol is currently traded on London 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.
Magnora ASA November 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Magnora ASA stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Magnora ASA shares will generate the highest return on investment. By undertsting and applying Magnora ASA stock market strength indicators, traders can identify Magnora ASA entry and exit signals to maximize returns
Magnora ASA Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Magnora ASA's price direction in advance. Along with the technical and fundamental analysis of Magnora Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Magnora 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 | 0.0271 | |||
| Jensen Alpha | 0.0609 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.68) |
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Additional Tools for Magnora Stock Analysis
When running Magnora ASA's price analysis, check to measure Magnora ASA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Magnora ASA is operating at the current time. Most of Magnora ASA's value examination focuses on studying past and present price action to predict the probability of Magnora ASA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magnora ASA's price. Additionally, you may evaluate how the addition of Magnora ASA to your portfolios can decrease your overall portfolio volatility.