Airthings ASA (Norway) Price on November 26, 2024

AIRX Stock  NOK 2.40  0.05  2.13%   
If you're considering investing in Airthings Stock, it is important to understand the factors that can impact its price. As of today, the current price of Airthings ASA stands at 2.40, as last reported on the 30th of November, with the highest price reaching 2.47 and the lowest price hitting 2.36 during the day. Airthings ASA secures Sharpe Ratio (or Efficiency) of -0.0226, which signifies that the company had a -0.0226% return per unit of risk over the last 3 months. Airthings ASA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Airthings ASA's Risk Adjusted Performance of (0.02), mean deviation of 2.37, and Standard Deviation of 3.52 to double-check the risk estimate we provide.
  
Airthings Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0226

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Estimated Market Risk

 3.51
  actual daily
31
69% of assets are more volatile

Expected Return

 -0.08
  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 Airthings 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 Airthings ASA by adding Airthings ASA to a well-diversified portfolio.

Airthings ASA Valuation on November 26, 2024

It is possible to determine the worth of Airthings ASA on a given historical date. On November 26, 2024 Airthings was worth 2.42 at the beginning of the trading date compared to the closed value of 2.42. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Airthings ASA stock. Still, in general, we apply an absolute valuation method to find Airthings 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 Airthings ASA where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Airthings ASA's related companies.
 Open High Low Close Volume
  2.52    2.54    2.50    2.50    37,240  
11/26/2024
  2.42    2.42    2.32    2.42    130,413  
  2.39    2.47    2.39    2.39    20,305  
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Open Value
2.42
2.42
Closing Value
12.94
Upside

Airthings ASA Trading Date Momentum on November 26, 2024

On November 27 2024 Airthings ASA was traded for  2.39  at the closing time. The highest price during the trading period was 2.47  and the lowest recorded bid was listed for  2.39 . The volume for the day was 20.3 K. This history from November 27, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 1.24% . The overall trading delta to the current price is 2.48% .

Airthings ASA Fundamentals Correlations and Trends

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

About Airthings ASA Stock history

Airthings 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 Airthings is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Airthings 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 Airthings ASA stock prices may prove useful in developing a viable investing in Airthings ASA
Airthings ASA, together with its subsidiaries, develops, produces, markets, and sells radon measurement, indoor air quality, and energy efficiency monitors worldwide. The company was founded in 2008 and is headquartered in Oslo, Norway. AIRTHINGS ASA is traded on Oslo Stock Exchange in Norway.

Airthings ASA Stock Technical Analysis

Airthings 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.
A focus of Airthings ASA technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Airthings ASA 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

Airthings ASA Period Price Range

Low
November 30, 2024
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High

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 0.00 

Airthings 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.

Airthings ASA November 30, 2024 Market Strength

Market strength indicators help investors to evaluate how Airthings 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 Airthings ASA shares will generate the highest return on investment. By undertsting and applying Airthings ASA stock market strength indicators, traders can identify Airthings ASA entry and exit signals to maximize returns

Airthings ASA Technical and Predictive Indicators

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

Airthings ASA financial ratios help investors to determine whether Airthings 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 Airthings with respect to the benefits of owning Airthings ASA security.