Atea ASA (Norway) Price on October 29, 2024
ATEA Stock | NOK 137.00 2.00 1.48% |
If you're considering investing in Atea Stock, it is important to understand the factors that can impact its price. As of today, the current price of Atea ASA stands at 137.00, as last reported on the 29th of November, with the highest price reaching 137.20 and the lowest price hitting 134.60 during the day. Atea ASA secures Sharpe Ratio (or Efficiency) of -0.0042, which signifies that the company had a -0.0042% return per unit of standard deviation over the last 3 months. Atea ASA exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Atea ASA's risk adjusted performance of 0.0081, and Mean Deviation of 1.32 to double-check the risk estimate we provide.
Atea Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Atea |
Sharpe Ratio = -0.0042
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Estimated Market Risk
1.89 actual daily | 16 84% of assets are more volatile |
Expected Return
-0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Atea 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 Atea ASA by adding Atea ASA to a well-diversified portfolio.
Atea ASA Valuation on October 29, 2024
It is possible to determine the worth of Atea ASA on a given historical date. On October 29, 2024 Atea was worth 139.85 at the beginning of the trading date compared to the closed value of 140.63. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Atea ASA stock. Still, in general, we apply an absolute valuation method to find Atea 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 Atea ASA where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Atea ASA's related companies.
Open | High | Low | Close | Volume | |
137.12 | 140.04 | 136.34 | 139.26 | 42,240 | |
10/29/2024 | 139.85 | 140.63 | 139.07 | 140.63 | 54,654 |
140.63 | 141.21 | 139.65 | 140.82 | 221,467 |
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Atea ASA Trading Date Momentum on October 29, 2024
On October 30 2024 Atea ASA was traded for 140.82 at the closing time. The highest price during the trading period was 141.21 and the lowest recorded bid was listed for 139.65 . The volume for the day was 221.5 K. This history from October 30, 2024 contributed to the next trading day price upswing. The overall trading delta to the next closing price was 0.14% . The overall trading delta to the current price is 6.37% . |
Atea ASA Fundamentals Correlations and Trends
By evaluating Atea 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 Atea ASA's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Atea financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Atea ASA Stock history
Atea 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 Atea is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Atea 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 Atea ASA stock prices may prove useful in developing a viable investing in Atea ASA
Atea ASA supplies IT infrastructure and related solutions for businesses and public sector organizations in the Nordic countries and Baltic regions. The company was founded in 1968 and is headquartered in Oslo, Norway. ATEA ASA operates under Computers Phones And Devices classification in Norway and is traded on Oslo Stock Exchange. It employs 7419 people.
Atea ASA Stock Technical Analysis
Atea 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
Atea ASA Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Atea 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.
Atea ASA November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Atea 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 Atea ASA shares will generate the highest return on investment. By undertsting and applying Atea ASA stock market strength indicators, traders can identify Atea ASA entry and exit signals to maximize returns
Atea ASA Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Atea ASA's price direction in advance. Along with the technical and fundamental analysis of Atea Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Atea 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 | 0.0081 | |||
Jensen Alpha | (0.01) | |||
Total Risk Alpha | (0.29) | |||
Sortino Ratio | (0.06) | |||
Treynor Ratio | (0.07) |
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Other Information on Investing in Atea Stock
Atea ASA financial ratios help investors to determine whether Atea 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 Atea with respect to the benefits of owning Atea ASA security.