Avance Gas (Norway) Price on November 27, 2024
| AGAS Stock | NOK 113.40 0.40 0.35% |
If you're considering investing in Avance Stock, it is important to understand the factors that can impact its price. As of today, the current price of Avance Gas stands at 113.40, as last reported on the 30th of November, with the highest price reaching 114.80 and the lowest price hitting 111.40 during the day. As of now, Avance Stock is very steady. Avance Gas Holding secures Sharpe Ratio (or Efficiency) of 0.0374, which signifies that the company had a 0.0374% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Avance Gas Holding, which you can use to evaluate the volatility of the firm. Please confirm Avance Gas' mean deviation of 1.81, and Risk Adjusted Performance of 0.0285 to double-check if the risk estimate we provide is consistent with the expected return of 0.0857%.
Avance Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Avance |
Sharpe Ratio = 0.0374
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Estimated Market Risk
| 2.29 actual daily | 20 80% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 2 98% of assets perform better |
Based on monthly moving average Avance Gas is performing at about 2% 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 Avance Gas by adding it to a well-diversified portfolio.
Avance Gas Valuation on November 27, 2024
It is possible to determine the worth of Avance Gas on a given historical date. On November 27, 2024 Avance was worth 110.2 at the beginning of the trading date compared to the closed value of 110.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Avance Gas stock. Still, in general, we apply an absolute valuation method to find Avance Gas' 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 Avance Gas where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Avance Gas' related companies.
| Open | High | Low | Close | Volume | |
| 101.60 | 104.00 | 101.60 | 104.00 | 95,497 | |
11/27/2024 | 110.20 | 113.00 | 107.80 | 110.00 | 448,145 |
| 112.00 | 116.80 | 110.40 | 113.00 | 401,537 |
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Avance Gas Trading Date Momentum on November 27, 2024
| On November 28 2024 Avance Gas Holding was traded for 113.00 at the closing time. The highest price during the trading period was 116.80 and the lowest recorded bid was listed for 110.40 . The volume for the day was 401.5 K. This history from November 28, 2024 contributed to the next trading day price upswing. The overall trading delta to the next closing price was 2.73% . The overall trading delta to the current price is 4.36% . |
Avance Gas Holding Fundamentals Correlations and Trends
By evaluating Avance Gas' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Avance Gas' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Avance financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Avance Gas Stock history
Avance Gas 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 Avance is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Avance Gas Holding 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 Avance Gas stock prices may prove useful in developing a viable investing in Avance Gas
Avance Gas Holding Ltd, together with its subsidiaries, engages in the transportation of liquefied petroleum gas . The company was founded in 2007 and is based in Hamilton, Bermuda. AVANCE GAS operates under Oil Gas Integrated classification in Norway and is traded on Oslo Stock Exchange. It employs 7 people.
Avance Gas Stock Technical Analysis
Avance Gas 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
Avance Gas Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Avance Gas Holding 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.
Avance Gas November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Avance Gas stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Avance Gas shares will generate the highest return on investment. By undertsting and applying Avance Gas stock market strength indicators, traders can identify Avance Gas Holding entry and exit signals to maximize returns
Avance Gas Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Avance Gas' price direction in advance. Along with the technical and fundamental analysis of Avance Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Avance 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 | 0.0285 | |||
| Jensen Alpha | 0.087 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.22) |
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Other Information on Investing in Avance Stock
Avance Gas financial ratios help investors to determine whether Avance 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 Avance with respect to the benefits of owning Avance Gas security.