Alternus Energy (Norway) Price on September 23, 2024

ALT Stock   0.35  0.03  7.89%   
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 0.35, as last reported on the 11th of December 2024, with the highest price reaching 0.35 and the lowest price hitting 0.29 during the day. Alternus Energy Group secures Sharpe Ratio (or Efficiency) of -0.081, which signifies that the company had a -0.081% return per unit of risk over the last 3 months. Alternus Energy Group exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alternus Energy's Standard Deviation of 15.11, risk adjusted performance of (0.05), and Mean Deviation of 10.11 to double-check the risk estimate we provide.
  
Alternus Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.081

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Estimated Market Risk

 15.32
  actual daily
96
96% of assets are less volatile

Expected Return

 -1.24
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.08
  actual daily
0
Most of other assets perform better
Based on monthly moving average Alternus Energy 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 Alternus Energy by adding Alternus Energy to a well-diversified portfolio.

Alternus Energy Valuation on September 23, 2024

It is possible to determine the worth of Alternus Energy on a given historical date. On September 23, 2024 Alternus was worth 1.3 at the beginning of the trading date compared to the closed value of 1.49. 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
  1.40    1.50    1.32    1.50    20,349  
09/23/2024
  1.30    1.49    1.30    1.49    44,290  
  1.31    1.45    1.31    1.40    25,125  
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Open Value
1.3
1.49
Closing Value
47.26
Upside

Alternus Energy Trading Date Momentum on September 23, 2024

On September 24 2024 Alternus Energy Group was traded for  1.40  at the closing time. The maximum traded price for the trading interval was 1.45  and the lowest daily price was  1.31 . The daily volume was recorded at 25.1 K. The volume of trading on 24th of September 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 6.04% . The overall trading delta to the closing price today is 32.89% .

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

Alternus Energy Period Price Range

Low
December 11, 2024
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High

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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 December 11, 2024 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.

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 Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Please note, there is a significant difference between Alternus Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alternus Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alternus Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.