Akastor ASA (Norway) Price on October 31, 2024
AKAST Stock | NOK 12.66 0.08 0.63% |
If you're considering investing in Akastor Stock, it is important to understand the factors that can impact its price. As of today, the current price of Akastor ASA stands at 12.66, as last reported on the 30th of November, with the highest price reaching 12.78 and the lowest price hitting 12.58 during the day. Akastor ASA secures Sharpe Ratio (or Efficiency) of -0.0929, which signifies that the company had a -0.0929% return per unit of standard deviation over the last 3 months. Akastor ASA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Akastor ASA's risk adjusted performance of (0.07), and Mean Deviation of 1.26 to double-check the risk estimate we provide.
Akastor Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Akastor |
Sharpe Ratio = -0.0929
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Estimated Market Risk
1.81 actual daily | 16 84% of assets are more volatile |
Expected Return
-0.17 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.09 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Akastor 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 Akastor ASA by adding Akastor ASA to a well-diversified portfolio.
Akastor ASA Valuation on October 31, 2024
It is possible to determine the worth of Akastor ASA on a given historical date. On October 31, 2024 Akastor was worth 13.0 at the beginning of the trading date compared to the closed value of 12.84. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Akastor ASA stock. Still, in general, we apply an absolute valuation method to find Akastor 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 Akastor ASA where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Akastor ASA's related companies.
Open | High | Low | Close | Volume | |
13.90 | 13.90 | 12.76 | 13.00 | 733,664 | |
10/31/2024 | 13.00 | 13.00 | 12.64 | 12.84 | 268,910 |
12.84 | 13.34 | 12.52 | 13.22 | 353,457 |
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Akastor ASA Trading Date Momentum on October 31, 2024
On November 01 2024 Akastor ASA was traded for 13.22 at the closing time. The highest price during the trading period was 13.34 and the lowest recorded bid was listed for 12.52 . The volume for the day was 353.5 K. This history from November 1, 2024 contributed to the next trading day price boost. The overall trading delta to the next closing price was 2.96% . The overall trading delta to the current price is 3.12% . |
Akastor ASA Fundamentals Correlations and Trends
By evaluating Akastor 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 Akastor ASA's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Akastor financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Akastor ASA Stock history
Akastor 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 Akastor is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Akastor 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 Akastor ASA stock prices may prove useful in developing a viable investing in Akastor ASA
Akastor ASA operates as an oilfield services investment company in Norway, Germany, the United States, Brazil, Asia, rest of Europe, the Middle East, and internationally. Akastor ASA was founded in 1841 and is based in Brum, Norway. AKASTOR ASA operates under Oil Gas Equipment Services classification in Norway and is traded on Oslo Stock Exchange. It employs 1988 people.
Akastor ASA Stock Technical Analysis
Akastor 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
Akastor ASA Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Akastor 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.
Akastor ASA November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Akastor 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 Akastor ASA shares will generate the highest return on investment. By undertsting and applying Akastor ASA stock market strength indicators, traders can identify Akastor ASA entry and exit signals to maximize returns
Akastor ASA Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Akastor ASA's price direction in advance. Along with the technical and fundamental analysis of Akastor Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Akastor 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 | (0.07) | |||
Jensen Alpha | (0.20) | |||
Total Risk Alpha | (0.49) | |||
Treynor Ratio | (1.50) |
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Other Information on Investing in Akastor Stock
Akastor ASA financial ratios help investors to determine whether Akastor 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 Akastor with respect to the benefits of owning Akastor ASA security.