Belships (Norway) Price on October 2, 2024
BELCO Stock | NOK 17.18 0.26 1.49% |
If you're considering investing in Belships Stock, it is important to understand the factors that can impact its price. As of today, the current price of Belships stands at 17.18, as last reported on the 27th of November, with the highest price reaching 17.60 and the lowest price hitting 17.18 during the day. Belships secures Sharpe Ratio (or Efficiency) of -0.0345, which signifies that the company had a -0.0345% return per unit of risk over the last 3 months. Belships exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Belships' Mean Deviation of 1.49, risk adjusted performance of (0.01), and Standard Deviation of 2.17 to double-check the risk estimate we provide.
Belships Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Belships |
Sharpe Ratio = -0.0345
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Estimated Market Risk
2.18 actual daily | 19 81% of assets are more volatile |
Expected Return
-0.08 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Belships 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 Belships by adding Belships to a well-diversified portfolio.
Belships Valuation on October 2, 2024
It is possible to determine the worth of Belships on a given historical date. On October 2, 2024 Belships was worth 19.27 at the beginning of the trading date compared to the closed value of 19.39. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Belships stock. Still, in general, we apply an absolute valuation method to find Belships' 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 Belships where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Belships' related companies.
Open | High | Low | Close | Volume | |
19.33 | 19.33 | 18.98 | 19.25 | 318,122 | |
10/02/2024 | 19.27 | 19.52 | 19.23 | 19.39 | 406,922 |
19.57 | 19.57 | 19.21 | 19.57 | 227,785 |
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Belships Trading Date Momentum on October 2, 2024
On October 03 2024 Belships was traded for 19.57 at the closing time. The highest price during the trading period was 19.57 and the lowest recorded bid was listed for 19.21 . The volume for the day was 227.8 K. This history from October 3, 2024 contributed to the next trading day price boost. The overall trading delta to the next closing price was 0.93% . The overall trading delta to the current price is 2.11% . |
Belships Fundamentals Correlations and Trends
By evaluating Belships' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Belships' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Belships financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Belships Stock history
Belships 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 Belships is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Belships 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 Belships stock prices may prove useful in developing a viable investing in Belships
It operates through Dry Bulk and Technical Management segments. The company was founded in 1918 and is headquartered in Oslo, Norway. BELSHIPS ASA operates under Marine Shipping classification in Norway and is traded on Oslo Stock Exchange. It employs 456 people.
Belships Stock Technical Analysis
Belships 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
Belships Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Belships 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.
Belships November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Belships stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Belships shares will generate the highest return on investment. By undertsting and applying Belships stock market strength indicators, traders can identify Belships entry and exit signals to maximize returns
Belships Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Belships' price direction in advance. Along with the technical and fundamental analysis of Belships Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Belships 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 | (0.01) | |||
Jensen Alpha | (0.03) | |||
Total Risk Alpha | (0.39) | |||
Treynor Ratio | 0.3293 |
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Other Information on Investing in Belships Stock
Belships financial ratios help investors to determine whether Belships 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 Belships with respect to the benefits of owning Belships security.