Cambi ASA (Norway) Price on October 21, 2024
CAMBI Stock | NOK 14.35 0.15 1.03% |
If you're considering investing in Cambi Stock, it is important to understand the factors that can impact its price. As of today, the current price of Cambi ASA stands at 14.35, as last reported on the 2nd of December, with the highest price reaching 14.90 and the lowest price hitting 14.00 during the day. Cambi ASA secures Sharpe Ratio (or Efficiency) of -0.0145, which signifies that the company had a -0.0145% return per unit of risk over the last 3 months. Cambi ASA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cambi ASA's Mean Deviation of 1.9, standard deviation of 2.4, and Risk Adjusted Performance of (0.0006) to double-check the risk estimate we provide.
Cambi Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Cambi |
Sharpe Ratio = -0.0145
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Estimated Market Risk
2.39 actual daily | 21 79% of assets are more volatile |
Expected Return
-0.03 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 Cambi 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 Cambi ASA by adding Cambi ASA to a well-diversified portfolio.
Cambi ASA Valuation on October 21, 2024
It is possible to determine the worth of Cambi ASA on a given historical date. On October 21, 2024 Cambi was worth 15.9 at the beginning of the trading date compared to the closed value of 16.55. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cambi ASA stock. Still, in general, we apply an absolute valuation method to find Cambi 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 Cambi ASA where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cambi ASA's related companies.
Open | High | Low | Close | Volume | |
15.75 | 16.00 | 15.60 | 15.80 | 19,644 | |
10/21/2024 | 15.90 | 17.00 | 15.90 | 16.55 | 113,663 |
16.50 | 17.00 | 16.50 | 16.55 | 28,308 |
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Cambi ASA Trading Date Momentum on October 21, 2024
On October 22 2024 Cambi ASA was traded for 16.55 at the closing time. The highest price during the trading period was 17.00 and the lowest recorded bid was listed for 16.50 . The volume for the day was 28.3 K. This history from October 22, 2024 did not affect price variability. The overall trading delta to the current price is 0.60% . |
Cambi ASA Fundamentals Correlations and Trends
By evaluating Cambi 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 Cambi ASA's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cambi financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Cambi ASA Stock history
Cambi 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 Cambi is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cambi 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 Cambi ASA stock prices may prove useful in developing a viable investing in Cambi ASA
Cambi ASA provides thermal hydrolysis, advanced anaerobic digestion, and biogas solutions for sewage sludge and organic waste management in Europe, the United States, Asia, and Oceania. The company was founded in 1992 and is headquartered in Asker, Norway. CAMBI ASA operates under Waste Management classification in Norway and is traded on Oslo Stock Exchange. It employs 125 people.
Cambi ASA Stock Technical Analysis
Cambi 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
Cambi ASA Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Cambi 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.
Cambi ASA December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Cambi 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 Cambi ASA shares will generate the highest return on investment. By undertsting and applying Cambi ASA stock market strength indicators, traders can identify Cambi ASA entry and exit signals to maximize returns
Cambi ASA Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cambi ASA's price direction in advance. Along with the technical and fundamental analysis of Cambi Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cambi 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 | (0.0006) | |||
Jensen Alpha | (0.03) | |||
Total Risk Alpha | (0.43) | |||
Treynor Ratio | 0.8239 |
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Other Information on Investing in Cambi Stock
Cambi ASA financial ratios help investors to determine whether Cambi 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 Cambi with respect to the benefits of owning Cambi ASA security.