American Shipping (Norway) Price on October 28, 2024

AMSC Stock  NOK 27.75  0.85  3.16%   
If you're considering investing in American Stock, it is important to understand the factors that can impact its price. As of today, the current price of American Shipping stands at 27.75, as last reported on the 27th of November, with the highest price reaching 28.05 and the lowest price hitting 26.55 during the day. American Shipping secures Sharpe Ratio (or Efficiency) of -0.0084, which signifies that the company had a -0.0084% return per unit of standard deviation over the last 3 months. American Shipping exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm American Shipping's mean deviation of 1.58, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide.
  
American Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0084

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Estimated Market Risk

 2.13
  actual daily
18
82% of assets are more volatile

Expected Return

 -0.02
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.01
  actual daily
0
Most of other assets perform better
Based on monthly moving average American Shipping 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 American Shipping by adding American Shipping to a well-diversified portfolio.

American Shipping Valuation on October 28, 2024

It is possible to determine the worth of American Shipping on a given historical date. On October 28, 2024 American was worth 26.9 at the beginning of the trading date compared to the closed value of 26.41. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of American Shipping stock. Still, in general, we apply an absolute valuation method to find American Shipping'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 American Shipping where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against American Shipping's related companies.
 Open High Low Close Volume
  25.83    26.41    25.43    26.41    45,932  
10/28/2024
  26.90    26.90    26.22    26.41    93,918  
  26.31    28.61    26.31    28.37    381,184  
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Open Value
26.9
26.41
Closing Value
33.28
Upside

American Shipping Trading Date Momentum on October 28, 2024

On October 29 2024 American Shipping was traded for  28.37  at the closing time. The highest price during the trading period was 28.61  and the lowest recorded bid was listed for  26.31 . The volume for the day was 381.2 K. This history from October 29, 2024 contributed to the next trading day price upswing. The overall trading delta to the next closing price was 7.42% . The overall trading delta to the current price is 9.43% .

American Shipping Fundamentals Correlations and Trends

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

About American Shipping Stock history

American Shipping 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 American is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in American Shipping 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 American Shipping stock prices may prove useful in developing a viable investing in American Shipping
American Shipping Company ASA, through its subsidiaries, operates as a ship owning and lease finance company in the United States. American Shipping Company ASA was founded in 2005 and is headquartered in Lysaker, Norway. AMER SHIPPING operates under Shipping Ports classification in Norway and is traded on Oslo Stock Exchange. It employs 3 people.

American Shipping Stock Technical Analysis

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

American Shipping Period Price Range

Low
November 27, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

American Shipping 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.

American Shipping November 27, 2024 Market Strength

Market strength indicators help investors to evaluate how American Shipping stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading American Shipping shares will generate the highest return on investment. By undertsting and applying American Shipping stock market strength indicators, traders can identify American Shipping entry and exit signals to maximize returns

American Shipping Technical and Predictive Indicators

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

American Shipping financial ratios help investors to determine whether American 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 American with respect to the benefits of owning American Shipping security.