ARCTIC HIGH (Norway) Price on September 5, 2024
| IE00B3VBZH49 | 2,024 6.36 0.31% |
If you're considering investing in ARCTIC Fund, it is important to understand the factors that can impact its price. As of today, the current price of ARCTIC HIGH stands at 2,024, as last reported on the 26th of November, with the highest price reaching 2,024 and the lowest price hitting 2,024 during the day. At this stage we consider ARCTIC Fund to be very steady. ARCTIC HIGH RETURN retains Efficiency (Sharpe Ratio) of 0.18, which signifies that the fund had a 0.18% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for ARCTIC HIGH, which you can use to evaluate the volatility of the entity. Please confirm ARCTIC HIGH's standard deviation of 0.1377, and Market Risk Adjusted Performance of (0.65) to double-check if the risk estimate we provide is consistent with the expected return of 0.0233%.
ARCTIC Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
ARCTIC |
Sharpe Ratio = 0.1769
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| Negative Returns | IE00B3VBZH49 |
Estimated Market Risk
| 0.13 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 13 87% of assets perform better |
Based on monthly moving average ARCTIC HIGH is performing at about 13% 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 ARCTIC HIGH by adding it to a well-diversified portfolio.
ARCTIC HIGH Valuation on September 5, 2024
It is possible to determine the worth of ARCTIC HIGH on a given historical date. On September 5, 2024 ARCTIC was worth 1999.54 at the beginning of the trading date compared to the closed value of 1999.54. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ARCTIC HIGH fund. Still, in general, we apply an absolute valuation method to find ARCTIC HIGH'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 ARCTIC HIGH where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ARCTIC HIGH's related companies.
| Open | High | Low | Close | Volume | |
| 1,992 | 1,992 | 1,992 | 1,992 | 1.00 | |
09/05/2024 | 2,000 | 2,000 | 2,000 | 2,000 | 1.00 |
| 1,997 | 1,997 | 1,997 | 1,997 | 1.00 |
| Backtest ARCTIC HIGH | | | ARCTIC HIGH History | Previous | Next |
ARCTIC HIGH Trading Date Momentum on September 5, 2024
| On September 06 2024 ARCTIC HIGH RETURN was traded for 1,997 at the closing time. The highest price during the trading period was 1,997 and the lowest recorded bid was listed for 1,997 . There was no trading activity during the period 1.0. Lack of trading volume on September 6, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 0.13% . The overall trading delta to the current price is 0.11% . |
Price Boundaries
ARCTIC HIGH Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
ARCTIC HIGH RETURN 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.
ARCTIC HIGH November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how ARCTIC HIGH fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ARCTIC HIGH shares will generate the highest return on investment. By undertsting and applying ARCTIC HIGH fund market strength indicators, traders can identify ARCTIC HIGH RETURN entry and exit signals to maximize returns
ARCTIC HIGH Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ARCTIC HIGH's price direction in advance. Along with the technical and fundamental analysis of ARCTIC Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of ARCTIC 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 | 0.1091 | |||
| Jensen Alpha | 0.0211 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.65) | |||
| Treynor Ratio | (0.66) |
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| Volume Indicators |
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