Hynion AS (Norway) Price on November 21, 2024
| HYN Stock | NOK 0.17 0.01 5.56% |
If you're considering investing in Hynion Stock, it is important to understand the factors that can impact its price. As of today, the current price of Hynion AS stands at 0.17, as last reported on the 5th of January, with the highest price reaching 0.18 and the lowest price hitting 0.16 during the day. Hynion AS holds Efficiency (Sharpe) Ratio of -0.0457, which attests that the entity had a -0.0457% return per unit of risk over the last 3 months. Hynion AS exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hynion AS's Market Risk Adjusted Performance of 0.6804, standard deviation of 9.7, and Risk Adjusted Performance of (0.03) to validate the risk estimate we provide.
Hynion Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Hynion |
Sharpe Ratio = -0.0457
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Estimated Market Risk
| 9.7 actual daily | 86 86% of assets are less volatile |
Expected Return
| -0.44 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Hynion AS 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 Hynion AS by adding Hynion AS to a well-diversified portfolio.
Hynion AS Valuation on November 21, 2024
It is possible to determine the worth of Hynion AS on a given historical date. On November 21, 2024 Hynion was worth 0.27 at the beginning of the trading date compared to the closed value of 0.25. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Hynion AS stock. Still, in general, we apply an absolute valuation method to find Hynion 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 Hynion AS where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Hynion AS's related companies.
| Open | High | Low | Close | Volume | |
| 0.28 | 0.28 | 0.24 | 0.25 | 31,717 | |
11/21/2024 | 0.27 | 0.27 | 0.24 | 0.25 | 88,334 |
| 0.26 | 0.26 | 0.23 | 0.24 | 321,721 |
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Hynion AS Trading Date Momentum on November 21, 2024
| On November 22 2024 Hynion AS was traded for 0.24 at the closing time. The maximum traded price for the trading interval was 0.26 and the lowest daily price was 0.23 . The daily volume was recorded at 321.7 K. The volume of trading on 22nd of November 2024 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 4.00% . The trading delta at closing time to the closing price today is 8.00% . |
Hynion AS Fundamentals Correlations and Trends
By evaluating Hynion 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 Hynion AS's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Hynion financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Hynion AS Stock history
Hynion 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 Hynion is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Hynion 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 Hynion AS stock prices may prove useful in developing a viable investing in Hynion AS
Hynion AS, through its subsidiary, Hynion Sverige AB, operates as a hydrogen fuel company in Norway and Sweden. The company was incorporated in 2019 and is based in Brum, Norway. HYNION AS is traded on Oslo Stock Exchange in Norway.
Hynion AS Stock Technical Analysis
Hynion 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
Hynion AS Period Price Range
Low | January 5, 2025
| High |
0.00 | 0.00 |
Hynion 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.
Hynion AS January 5, 2025 Market Strength
Market strength indicators help investors to evaluate how Hynion 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 Hynion AS shares will generate the highest return on investment. By undertsting and applying Hynion AS stock market strength indicators, traders can identify Hynion AS entry and exit signals to maximize returns
Hynion AS Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Hynion AS's price direction in advance. Along with the technical and fundamental analysis of Hynion Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Hynion 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 | (0.03) | |||
| Jensen Alpha | (0.44) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | 0.6704 |
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Other Information on Investing in Hynion Stock
Hynion AS financial ratios help investors to determine whether Hynion 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 Hynion with respect to the benefits of owning Hynion AS security.