Nel ASA (Germany) Price on May 2, 2024
D7G Stock | EUR 0.25 0.02 7.41% |
If you're considering investing in Nel Stock, it is important to understand the factors that can impact its price. As of today, the current price of Nel ASA stands at 0.25, as last reported on the 23rd of November, with the highest price reaching 0.27 and the lowest price hitting 0.24 during the day. Nel ASA has Sharpe Ratio of -0.21, which conveys that the firm had a -0.21% return per unit of risk over the last 3 months. Nel ASA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nel ASA's Risk Adjusted Performance of (0.15), standard deviation of 4.09, and Mean Deviation of 3.2 to check out the risk estimate we provide.
Nel Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Nel |
Sharpe Ratio = -0.2063
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Estimated Market Risk
4.12 actual daily | 36 64% of assets are more volatile |
Expected Return
-0.85 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.21 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Nel 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 Nel ASA by adding Nel ASA to a well-diversified portfolio.
Nel ASA Valuation on May 2, 2024
It is possible to determine the worth of Nel ASA on a given historical date. On May 2, 2024 Nel was worth 0.43 at the beginning of the trading date compared to the closed value of 0.44. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nel ASA stock. Still, in general, we apply an absolute valuation method to find Nel 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 Nel ASA where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nel ASA's related companies.
Open | High | Low | Close | Volume | |
0.43 | 0.45 | 0.43 | 0.43 | 370,804 | |
05/02/2024 | 0.43 | 0.44 | 0.43 | 0.44 | 473,260 |
0.45 | 0.46 | 0.44 | 0.45 | 278,174 |
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Nel ASA Trading Date Momentum on May 2, 2024
On May 03 2024 Nel ASA was traded for 0.45 at the closing time. The highest daily price throughout the period was 0.46 and the lowest price was 0.44 . The daily volume was 278.2 K. The net trading volume on 05/03/2024 added to the next day price rise. The overall trading delta to closing price of the next trading day was 2.27% . The trading delta at closing time to current closing price is 13.64% . |
Nel ASA Fundamentals Correlations and Trends
By evaluating Nel 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 Nel ASA's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nel financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Nel ASA Stock history
Nel 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 Nel is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nel 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 Nel ASA stock prices may prove useful in developing a viable investing in Nel ASA
Nel ASA, a hydrogen company, delivers various solutions to produce, store, and distribute hydrogen from renewable energy in Norway, the United States, Denmark, and South Korea. Nel ASA was founded in 1927 and is headquartered in Oslo, Norway. NEL ASA is traded on Frankfurt Stock Exchange in Germany.
Nel ASA Stock Technical Analysis
Nel 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
Nel ASA Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
Nel ASA cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt 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.
Nel ASA November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Nel 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 Nel ASA shares will generate the highest return on investment. By undertsting and applying Nel ASA stock market strength indicators, traders can identify Nel ASA entry and exit signals to maximize returns
Nel ASA Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nel ASA's price direction in advance. Along with the technical and fundamental analysis of Nel Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nel 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 | (0.15) | |||
Jensen Alpha | (0.73) | |||
Total Risk Alpha | (1.49) | |||
Treynor Ratio | 0.9117 |
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Volume Indicators |
Complementary Tools for Nel Stock analysis
When running Nel ASA's price analysis, check to measure Nel ASA'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 Nel ASA is operating at the current time. Most of Nel ASA's value examination focuses on studying past and present price action to predict the probability of Nel ASA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nel ASA's price. Additionally, you may evaluate how the addition of Nel ASA to your portfolios can decrease your overall portfolio volatility.
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