Byggma (Norway) Price on November 27, 2024
| BMA Stock | NOK 15.20 0.70 4.83% |
If you're considering investing in Byggma Stock, it is important to understand the factors that can impact its price. As of today, the current price of Byggma stands at 15.20, as last reported on the 27th of November, with the highest price reaching 15.95 and the lowest price hitting 14.20 during the day. Byggma secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of standard deviation over the last 3 months. Byggma exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Byggma's mean deviation of 2.13, and Risk Adjusted Performance of (0.08) to double-check the risk estimate we provide.
Byggma Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Byggma |
Sharpe Ratio = -0.1141
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | BMA |
Estimated Market Risk
| 3.03 actual daily | 26 74% of assets are more volatile |
Expected Return
| -0.35 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.11 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Byggma 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 Byggma by adding Byggma to a well-diversified portfolio.
Byggma Valuation on November 27, 2024
It is possible to determine the worth of Byggma on a given historical date. On November 27, 2024 Byggma was worth 14.5 at the beginning of the trading date compared to the closed value of 15.2. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Byggma stock. Still, in general, we apply an absolute valuation method to find Byggma'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 Byggma where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Byggma's related companies.
| Open | High | Low | Close | Volume | |
| 15.00 | 15.00 | 14.50 | 14.50 | 7,745 | |
11/27/2024 | 14.50 | 15.95 | 14.20 | 15.20 | 23,104 |
| Backtest Byggma | | | Byggma History | | | Byggma Valuation | Previous |
Byggma Trading Date Momentum on November 27, 2024
| On November 27 2024 Byggma was traded for 15.20 at the closing time. The maximum traded price for the trading interval was 15.95 and the lowest daily price was 14.20 . The daily volume was recorded at 23.1 K. The volume of trading on 27th of November 2024 did not affect price variability. The overall trading delta to the closing price today is 4.61% . |
Byggma Fundamentals Correlations and Trends
By evaluating Byggma'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 Byggma's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Byggma financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Byggma Stock history
Byggma 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 Byggma is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Byggma 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 Byggma stock prices may prove useful in developing a viable investing in Byggma
Byggma ASA manufactures and supplies building materials to builders and retailers in the Nordic countries. It offers pre-painted ceilings and wall panels under the Huntonit brand name I-beams for use in ceilings, walls, and floors in wood-based buildings under the brand name of Masonite fiberboards, boards, and structural panels for use in buildings, pre painted ceilings, and wall panels under the Forestia brand name home lighting products under the Scan Lamps brand name doors and windows for new buildings, extensions, or rehabilitation under the brand name of Uldal and a range of lamp and lighting products under the Aneta brand name. Byggma ASA operates under Building And Construction Materials classification in Norway and is traded on Oslo Stock Exchange.
Byggma Stock Technical Analysis
Byggma 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
Byggma Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Byggma 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.
Byggma November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Byggma stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Byggma shares will generate the highest return on investment. By undertsting and applying Byggma stock market strength indicators, traders can identify Byggma entry and exit signals to maximize returns
Byggma Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Byggma's price direction in advance. Along with the technical and fundamental analysis of Byggma Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Byggma 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 | (0.08) | |||
| Jensen Alpha | (0.44) | |||
| Total Risk Alpha | (0.83) | |||
| Treynor Ratio | (0.53) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Byggma Stock
Byggma financial ratios help investors to determine whether Byggma 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 Byggma with respect to the benefits of owning Byggma security.