Elliptic Laboratories (Norway) Price on October 31, 2024
ELABS Stock | NOK 9.13 0.19 2.04% |
If you're considering investing in Elliptic Stock, it is important to understand the factors that can impact its price. As of today, the current price of Elliptic Laboratories stands at 9.13, as last reported on the 1st of December, with the highest price reaching 9.60 and the lowest price hitting 8.50 during the day. Elliptic Laboratories secures Sharpe Ratio (or Efficiency) of -0.15, which denotes the company had a -0.15% return per unit of risk over the last 3 months. Elliptic Laboratories AS exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Elliptic Laboratories' Standard Deviation of 3.44, mean deviation of 2.33, and Variance of 11.85 to check the risk estimate we provide.
Elliptic Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Elliptic |
Sharpe Ratio = -0.1515
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Estimated Market Risk
3.44 actual daily | 30 70% of assets are more volatile |
Expected Return
-0.52 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.15 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Elliptic Laboratories 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 Elliptic Laboratories by adding Elliptic Laboratories to a well-diversified portfolio.
Elliptic Laboratories Valuation on October 31, 2024
It is possible to determine the worth of Elliptic Laboratories on a given historical date. On October 31, 2024 Elliptic was worth 11.0 at the beginning of the trading date compared to the closed value of 10.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Elliptic Laboratories stock. Still, in general, we apply an absolute valuation method to find Elliptic Laboratories' 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 Elliptic Laboratories where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Elliptic Laboratories' related companies.
Open | High | Low | Close | Volume | |
10.90 | 11.16 | 10.90 | 11.12 | 50,791 | |
10/31/2024 | 11.00 | 11.02 | 10.50 | 10.50 | 213,224 |
10.50 | 10.78 | 10.34 | 10.64 | 109,994 |
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Elliptic Laboratories Trading Date Momentum on October 31, 2024
On November 01 2024 Elliptic Laboratories AS was traded for 10.64 at the closing time. The highest price during the trading period was 10.78 and the lowest recorded bid was listed for 10.34 . The volume for the day was 110 K. This history from November 1, 2024 contributed to the next trading day price boost. The overall trading delta to the next closing price was 1.33% . The overall trading delta to the current price is 2.29% . |
Elliptic Laboratories Fundamentals Correlations and Trends
By evaluating Elliptic Laboratories' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Elliptic Laboratories' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Elliptic financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Elliptic Laboratories Stock history
Elliptic Laboratories 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 Elliptic is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Elliptic Laboratories 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 Elliptic Laboratories stock prices may prove useful in developing a viable investing in Elliptic Laboratories
Elliptic Laboratories AS provides software-based artificial intelligence virtual smart sensors in Norway, China, South Korea, the United States, and Japan. The company was founded in 2006 and is based in Oslo, Norway. ELLIPTIC LABORATOR is traded on Oslo Stock Exchange in Norway.
Elliptic Laboratories Stock Technical Analysis
Elliptic Laboratories 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
Elliptic Laboratories Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Elliptic Laboratories AS 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.
Elliptic Laboratories December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Elliptic Laboratories stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Elliptic Laboratories shares will generate the highest return on investment. By undertsting and applying Elliptic Laboratories stock market strength indicators, traders can identify Elliptic Laboratories AS entry and exit signals to maximize returns
Elliptic Laboratories Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Elliptic Laboratories' price direction in advance. Along with the technical and fundamental analysis of Elliptic Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Elliptic 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 | (0.11) | |||
Jensen Alpha | (0.52) | |||
Total Risk Alpha | (1.11) | |||
Treynor Ratio | 9.73 |
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Other Information on Investing in Elliptic Stock
Elliptic Laboratories financial ratios help investors to determine whether Elliptic 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 Elliptic with respect to the benefits of owning Elliptic Laboratories security.