Alternus Energy (Norway) Price on February 21, 2024
| ALT Stock | 0.74 0.04 5.71% |
If you're considering investing in Alternus Stock, it is important to understand the factors that can impact its price. As of today, the current price of Alternus Energy stands at 0.74, as last reported on the 20th of January, with the highest price reaching 0.74 and the lowest price hitting 0.68 during the day. Alternus Energy is out of control given 3 months investment horizon. Alternus Energy Group secures Sharpe Ratio (or Efficiency) of 0.0604, which signifies that the company had a 0.0604 % return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.28% are justified by taking the suggested risk. Use Alternus Energy Risk Adjusted Performance of 0.0505, mean deviation of 13.6, and Downside Deviation of 17.56 to evaluate company specific risk that cannot be diversified away.
Alternus Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Alternus |
Sharpe Ratio = 0.0604
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Estimated Market Risk
| 21.26 actual daily | 96 96% of assets are less volatile |
Expected Return
| 1.28 actual daily | 25 75% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Alternus Energy is performing at about 4% 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 Alternus Energy by adding it to a well-diversified portfolio.
Alternus Energy Valuation on February 21, 2024
It is possible to determine the worth of Alternus Energy on a given historical date. On February 21, 2024 Alternus was worth 7.06 at the beginning of the trading date compared to the closed value of 7.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Alternus Energy stock. Still, in general, we apply an absolute valuation method to find Alternus Energy'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 Alternus Energy where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Alternus Energy's related companies.
| Open | High | Low | Close | Volume | |
| 7.36 | 7.94 | 6.52 | 7.44 | 55,237 | |
02/21/2024 | 7.06 | 7.32 | 6.80 | 7.00 | 63,593 |
| 6.08 | 6.68 | 5.30 | 5.90 | 277,848 |
| Backtest Alternus Energy | | | Alternus Energy History | | | Alternus Energy Valuation | Previous | Next |
Alternus Energy Trading Date Momentum on February 21, 2024
| On February 22 2024 Alternus Energy Group was traded for 5.90 at the closing time. The maximum traded price for the trading interval was 6.68 and the lowest daily price was 5.30 . The daily volume was recorded at 277.8 K. The volume of trading on 22nd of February 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 15.71% . The overall trading delta to the closing price today is 0.00% . |
Alternus Energy Group Fundamentals Correlations and Trends
By evaluating Alternus Energy'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 Alternus Energy's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Alternus financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Alternus Energy Stock history
Alternus Energy 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 Alternus is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Alternus Energy Group 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 Alternus Energy stock prices may prove useful in developing a viable investing in Alternus Energy
Alternus Energy Stock Technical Analysis
Alternus Energy 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
Alternus Energy Period Price Range
Low | January 20, 2025
| High |
0.00 | 0.00 |
Alternus Energy Group 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.
Alternus Energy January 20, 2025 Market Strength
Market strength indicators help investors to evaluate how Alternus Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Alternus Energy shares will generate the highest return on investment. By undertsting and applying Alternus Energy stock market strength indicators, traders can identify Alternus Energy Group entry and exit signals to maximize returns
Alternus Energy Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Alternus Energy's price direction in advance. Along with the technical and fundamental analysis of Alternus Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Alternus 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 | 0.0505 | |||
| Jensen Alpha | 1.06 | |||
| Total Risk Alpha | 0.5102 | |||
| Sortino Ratio | 0.0555 | |||
| Treynor Ratio | (0.28) |
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Additional Information and Resources on Investing in Alternus Stock
When determining whether Alternus Energy Group is a strong investment it is important to analyze Alternus Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Alternus Energy's future performance. For an informed investment choice regarding Alternus Stock, refer to the following important reports:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alternus Energy Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..