Magnora ASA (Norway) Price on April 9, 2024
| MGN Stock | 25.05 0.25 1.01% |
If you're considering investing in Magnora Stock, it is important to understand the factors that can impact its price. As of today, the current price of Magnora ASA stands at 25.05, as last reported on the 30th of November, with the highest price reaching 25.25 and the lowest price hitting 24.80 during the day. As of now, Magnora Stock is very steady. Magnora ASA has Sharpe Ratio of 0.0746, which conveys that the firm had a 0.0746% return per unit of risk over the last 3 months. We have found thirty technical indicators for Magnora ASA, which you can use to evaluate the volatility of the firm. Please verify Magnora ASA's Mean Deviation of 1.51, downside deviation of 1.99, and Risk Adjusted Performance of 0.0431 to check out if the risk estimate we provide is consistent with the expected return of 0.15%.
Magnora Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Magnora |
Sharpe Ratio = 0.0746
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | MGN | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.98 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.15 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Magnora ASA is performing at about 5% 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 Magnora ASA by adding it to a well-diversified portfolio.
Magnora ASA Valuation on April 9, 2024
It is possible to determine the worth of Magnora ASA on a given historical date. On April 9, 2024 Magnora was worth 24.15 at the beginning of the trading date compared to the closed value of 23.56. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Magnora ASA stock. Still, in general, we apply an absolute valuation method to find Magnora ASA'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 Magnora ASA where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Magnora ASA's related companies.
| Open | High | Low | Close | Volume | |
| 23.27 | 24.15 | 23.27 | 24.15 | 160,129 | |
04/09/2024 | 24.15 | 24.23 | 23.52 | 23.56 | 142,818 |
| 23.56 | 23.71 | 23.30 | 23.63 | 212,550 |
| Backtest Magnora ASA | | | Magnora ASA History | | | Magnora ASA Valuation | Previous | Next |
Magnora ASA Trading Date Momentum on April 9, 2024
| On April 10 2024 Magnora ASA was traded for 23.63 at the closing time. The maximum traded price for the trading interval was 23.71 and the lowest daily price was 23.30 . The daily volume was recorded at 212.6 K. The volume of trading on 10th of April 2024 played a part in the next trading day price upswing. The trading delta at closing time to the next closing price was 0.30% . The trading delta at closing time to the closing price today is 6.28% . |
Magnora ASA Fundamentals Correlations and Trends
By evaluating Magnora ASA'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 Magnora ASA's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Magnora financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Magnora ASA Stock history
Magnora ASA 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 Magnora is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Magnora ASA 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 Magnora ASA stock prices may prove useful in developing a viable investing in Magnora ASA
Magnora ASA Stock Technical Analysis
Magnora ASA 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
Magnora ASA Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Magnora ASA 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.
Magnora ASA November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Magnora ASA stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Magnora ASA shares will generate the highest return on investment. By undertsting and applying Magnora ASA stock market strength indicators, traders can identify Magnora ASA entry and exit signals to maximize returns
Magnora ASA Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Magnora ASA's price direction in advance. Along with the technical and fundamental analysis of Magnora Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Magnora 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 | 0.0431 | |||
| Jensen Alpha | 0.0333 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.2057 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Magnora Stock
Magnora ASA financial ratios help investors to determine whether Magnora 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 Magnora with respect to the benefits of owning Magnora ASA security.