Arctic Gold (Sweden) Price on October 2, 2024
| ARCT Stock | SEK 0.27 0.04 12.90% |
If you're considering investing in Arctic Stock, it is important to understand the factors that can impact its price. As of today, the current price of Arctic Gold stands at 0.27, as last reported on the 30th of November, with the highest price reaching 0.28 and the lowest price hitting 0.26 during the day. Currently, Arctic Gold Publ is out of control. Arctic Gold Publ secures Sharpe Ratio (or Efficiency) of 0.022, which signifies that the company had a 0.022% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Arctic Gold Publ, which you can use to evaluate the volatility of the firm. Please confirm Arctic Gold's mean deviation of 4.71, and Risk Adjusted Performance of 0.0256 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%.
Arctic Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Arctic |
Sharpe Ratio = 0.022
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| Cash | Small Risk | Average Risk | ARCT | Huge Risk |
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Estimated Market Risk
| 6.38 actual daily | 56 56% of assets are less volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Arctic Gold is performing at about 1% 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 Arctic Gold by adding it to a well-diversified portfolio.
Arctic Gold Valuation on October 2, 2024
It is possible to determine the worth of Arctic Gold on a given historical date. On October 2, 2024 Arctic was worth 0.28 at the beginning of the trading date compared to the closed value of 0.27. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Arctic Gold stock. Still, in general, we apply an absolute valuation method to find Arctic Gold'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 Arctic Gold where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Arctic Gold's related companies.
| Open | High | Low | Close | Volume | |
| 0.29 | 0.29 | 0.27 | 0.29 | 29,940 | |
10/02/2024 | 0.28 | 0.29 | 0.27 | 0.27 | 19,667 |
| 0.26 | 0.30 | 0.26 | 0.30 | 1,531 |
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Arctic Gold Trading Date Momentum on October 2, 2024
| On October 03 2024 Arctic Gold Publ was traded for 0.30 at the closing time. The highest price during the trading period was 0.30 and the lowest recorded bid was listed for 0.26 . The volume for the day was 1.5 K. This history from October 3, 2024 contributed to the next trading day price appreciation. The overall trading delta to the next closing price was 11.11% . The overall trading delta to the current price is 22.22% . |
Arctic Gold Publ Fundamentals Correlations and Trends
By evaluating Arctic Gold'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 Arctic Gold's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Arctic financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Arctic Gold Stock history
Arctic Gold 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 Arctic is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Arctic Gold Publ 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 Arctic Gold stock prices may prove useful in developing a viable investing in Arctic Gold
Arctic Minerals AB , through its subsidiaries, engages in exploration and mining of mineral properties in the Norway and Sweden. Arctic Minerals AB was founded in 1999 and is based in Stockholm, Sweden. Arctic Minerals operates under Metals And Minerals Mining And Exploration classification in Sweden and is traded on Stockholm Stock Exchange.
Arctic Gold Stock Technical Analysis
Arctic Gold 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
Arctic Gold Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Arctic Gold Publ cannot be verified against its exchange. Please verify the symbol is currently traded on Stockholm 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.
Arctic Gold November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Arctic Gold stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Arctic Gold shares will generate the highest return on investment. By undertsting and applying Arctic Gold stock market strength indicators, traders can identify Arctic Gold Publ entry and exit signals to maximize returns
Arctic Gold Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Arctic Gold's price direction in advance. Along with the technical and fundamental analysis of Arctic Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Arctic 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 | 0.0256 | |||
| Jensen Alpha | 0.121 | |||
| Total Risk Alpha | (0.93) | |||
| Sortino Ratio | 4.0E-4 | |||
| Treynor Ratio | 1.8 |
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Additional Tools for Arctic Stock Analysis
When running Arctic Gold's price analysis, check to measure Arctic Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Arctic Gold is operating at the current time. Most of Arctic Gold's value examination focuses on studying past and present price action to predict the probability of Arctic Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Arctic Gold's price. Additionally, you may evaluate how the addition of Arctic Gold to your portfolios can decrease your overall portfolio volatility.