Elopak AS (Norway) Price on September 7, 2023
| ELO Stock | 44.10 0.90 2.00% |
If you're considering investing in Elopak Stock, it is important to understand the factors that can impact its price. As of today, the current price of Elopak AS stands at 44.10, as last reported on the 11th of December 2024, with the highest price reaching 45.95 and the lowest price hitting 44.10 during the day. As of now, Elopak Stock is very steady. Elopak AS secures Sharpe Ratio (or Efficiency) of 0.0216, which denotes the company had a 0.0216% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Elopak AS, which you can use to evaluate the volatility of the firm. Please confirm Elopak AS's Coefficient Of Variation of 1791.14, mean deviation of 1.27, and Downside Deviation of 1.43 to check if the risk estimate we provide is consistent with the expected return of 0.0328%.
Elopak Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Elopak |
Sharpe Ratio = 0.0216
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Estimated Market Risk
| 1.52 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Elopak AS is performing at about 1% of its full potential. 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 Elopak AS by adding it to a well-diversified portfolio.
Elopak AS Valuation on September 7, 2023
It is possible to determine the worth of Elopak AS on a given historical date. On September 7, 2023 Elopak was worth 21.65 at the beginning of the trading date compared to the closed value of 21.94. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Elopak AS stock. Still, in general, we apply an absolute valuation method to find Elopak AS'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 Elopak AS where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Elopak AS's related companies.
| Open | High | Low | Close | Volume | |
| 22.08 | 22.08 | 21.50 | 21.55 | 29,599 | |
09/07/2023 | 21.65 | 21.94 | 21.55 | 21.94 | 86,526 |
| 21.89 | 22.13 | 21.89 | 21.94 | 22,417 |
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Elopak AS Trading Date Momentum on September 7, 2023
| On September 08 2023 Elopak AS was traded for 21.94 at the closing time. The maximum traded price for the trading interval was 22.13 and the lowest daily price was 21.89 . The daily volume was recorded at 22.4 K. The volume of trading on 8th of September 2023 did not affect price variability. The overall trading delta to the closing price today is 2.23% . |
Elopak AS Fundamentals Correlations and Trends
By evaluating Elopak AS'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 Elopak AS's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Elopak financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Elopak AS Stock history
Elopak AS 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 Elopak is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Elopak AS 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 Elopak AS stock prices may prove useful in developing a viable investing in Elopak AS
Elopak AS Stock Technical Analysis
Elopak AS 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
Elopak AS Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Elopak 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.
Elopak AS December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Elopak AS stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Elopak AS shares will generate the highest return on investment. By undertsting and applying Elopak AS stock market strength indicators, traders can identify Elopak AS entry and exit signals to maximize returns
Elopak AS Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Elopak AS's price direction in advance. Along with the technical and fundamental analysis of Elopak Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Elopak 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 | 0.0456 | |||
| Jensen Alpha | 0.0814 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (1.47) |
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Other Information on Investing in Elopak Stock
Elopak AS financial ratios help investors to determine whether Elopak 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 Elopak with respect to the benefits of owning Elopak AS security.