Fortum Oyj Adr Stock Price on November 21, 2024

FOJCY Stock  USD 2.90  0.11  3.94%   
If you're considering investing in Fortum Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Fortum Oyj stands at 2.90, as last reported on the 29th of November, with the highest price reaching 2.90 and the lowest price hitting 2.90 during the day. Fortum Oyj ADR secures Sharpe Ratio (or Efficiency) of -0.0231, which denotes the company had a -0.0231% return per unit of risk over the last 3 months. Fortum Oyj ADR exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fortum Oyj's Standard Deviation of 2.58, mean deviation of 1.81, and Variance of 6.68 to check the risk estimate we provide.
  
Fortum Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0231

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Estimated Market Risk

 2.63
  actual daily
23
77% of assets are more volatile

Expected Return

 -0.06
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.02
  actual daily
0
Most of other assets perform better
Based on monthly moving average Fortum Oyj 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 Fortum Oyj by adding Fortum Oyj to a well-diversified portfolio.

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Fortum Oyj Valuation on November 21, 2024

It is possible to determine the worth of Fortum Oyj on a given historical date. On November 21, 2024 Fortum was worth 2.94 at the beginning of the trading date compared to the closed value of 3.01. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Fortum Oyj pink sheet. Still, in general, we apply an absolute valuation method to find Fortum Oyj'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 Fortum Oyj where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Fortum Oyj's related companies.
 Open High Low Close Volume
  2.93    2.93    2.93    2.93    1,300  
11/21/2024
  2.94    3.01    2.94    3.01    10,200  
  2.92    2.96    2.92    2.96    175.00  
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Open Value
2.94
3.01
Closing Value
10.84
Upside

Fortum Oyj Trading Date Momentum on November 21, 2024

On November 22 2024 Fortum Oyj ADR was traded for  2.96  at the closing time. The highest daily price throughout the period was 2.96  and the lowest price was  2.92 . The daily volume was 175. The net trading volume on 11/22/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 1.66% . The overall trading delta to current closing price is 3.65% .

Fortum Oyj ADR Fundamentals Correlations and Trends

By evaluating Fortum Oyj'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 Fortum Oyj's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Fortum financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Fortum Oyj Pink Sheet history

Fortum Oyj 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 Fortum is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Fortum Oyj ADR 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 Fortum Oyj stock prices may prove useful in developing a viable investing in Fortum Oyj
Fortum Oyj, together with its subsidiaries, engages in the generation and sale of electricity and heat in the Nordic countries, Germany, the United Kingdom, Russia, the Netherlands, the Baltic Rim area, and internationally. Fortum Oyj was founded in 1998 and is headquartered in Espoo, Finland. FORTUM OYJ operates under UtilitiesRenewable classification in the United States and is traded on OTC Exchange. It employs 18961 people.

Fortum Oyj Pink Sheet Technical Analysis

Fortum Oyj technical pink sheet 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, pink sheet market cycles, or different charting patterns.
A focus of Fortum Oyj technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Fortum Oyj trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Fortum Oyj Period Price Range

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November 29, 2024
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Fortum Oyj ADR cannot be verified against its exchange. Please verify the symbol is currently traded on PINK 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.

Fortum Oyj November 29, 2024 Market Strength

Market strength indicators help investors to evaluate how Fortum Oyj pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fortum Oyj shares will generate the highest return on investment. By undertsting and applying Fortum Oyj pink sheet market strength indicators, traders can identify Fortum Oyj ADR entry and exit signals to maximize returns

Fortum Oyj Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Fortum Oyj's price direction in advance. Along with the technical and fundamental analysis of Fortum Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Fortum 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.

Additional Tools for Fortum Pink Sheet Analysis

When running Fortum Oyj's price analysis, check to measure Fortum Oyj'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 Fortum Oyj is operating at the current time. Most of Fortum Oyj's value examination focuses on studying past and present price action to predict the probability of Fortum Oyj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortum Oyj's price. Additionally, you may evaluate how the addition of Fortum Oyj to your portfolios can decrease your overall portfolio volatility.