Gigante Salmon (Norway) Price on December 11, 2024
| GIGA Stock | 8.16 0.14 1.69% |
If you're considering investing in Gigante Stock, it is important to understand the factors that can impact its price. As of today, the current price of Gigante Salmon stands at 8.16, as last reported on the 12th of December 2024, with the highest price reaching 8.32 and the lowest price hitting 8.00 during the day. Gigante Salmon appears to be somewhat reliable, given 3 months investment horizon. Gigante Salmon AS holds Efficiency (Sharpe) Ratio of 0.0959, which attests that the entity had a 0.0959% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Gigante Salmon AS, which you can use to evaluate the volatility of the firm. Please utilize Gigante Salmon's Downside Deviation of 2.73, market risk adjusted performance of 0.5573, and Risk Adjusted Performance of 0.087 to validate if our risk estimates are consistent with your expectations.
Gigante Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Gigante |
Sharpe Ratio = 0.0959
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Estimated Market Risk
| 2.75 actual daily | 24 76% of assets are more volatile |
Expected Return
| 0.26 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average Gigante Salmon is performing at about 7% 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 Gigante Salmon by adding it to a well-diversified portfolio.
Gigante Salmon Valuation on December 11, 2024
It is possible to determine the worth of Gigante Salmon on a given historical date. On December 11, 2024 Gigante was worth 8.16 at the beginning of the trading date compared to the closed value of 8.16. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Gigante Salmon stock. Still, in general, we apply an absolute valuation method to find Gigante Salmon'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 Gigante Salmon where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Gigante Salmon's related companies.
| Open | High | Low | Close | Volume | |
| 8.20 | 8.32 | 8.20 | 8.30 | 2,508 | |
12/11/2024 | 8.16 | 8.32 | 8.00 | 8.16 | 71,006 |
| Backtest Gigante Salmon | | | Gigante Salmon History | | | Gigante Salmon Valuation | Previous |
Gigante Salmon Trading Date Momentum on December 11, 2024
| On December 11 2024 Gigante Salmon AS was traded for 8.16 at the closing time. The highest price during the trading period was 8.32 and the lowest recorded bid was listed for 8.00 . The volume for the day was 71 K. This history from December 11, 2024 did not cause price change. The overall trading delta to the current price is 0.00% . |
Gigante Salmon AS Fundamentals Correlations and Trends
By evaluating Gigante Salmon'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 Gigante Salmon's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Gigante financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Gigante Salmon Stock history
Gigante Salmon 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 Gigante is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Gigante Salmon 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 Gigante Salmon stock prices may prove useful in developing a viable investing in Gigante Salmon
Gigante Salmon Stock Technical Analysis
Gigante Salmon 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
Gigante Salmon Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
Gigante Salmon 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.
Gigante Salmon December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how Gigante Salmon stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Gigante Salmon shares will generate the highest return on investment. By undertsting and applying Gigante Salmon stock market strength indicators, traders can identify Gigante Salmon AS entry and exit signals to maximize returns
Gigante Salmon Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Gigante Salmon's price direction in advance. Along with the technical and fundamental analysis of Gigante Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Gigante 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 | 0.087 | |||
| Jensen Alpha | 0.2291 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0641 | |||
| Treynor Ratio | 0.5473 |
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Other Information on Investing in Gigante Stock
Gigante Salmon financial ratios help investors to determine whether Gigante 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 Gigante with respect to the benefits of owning Gigante Salmon security.