Morrow Bank (Norway) Price on November 19, 2024
| MOBA Stock | 8.60 0.34 4.12% |
If you're considering investing in Morrow Stock, it is important to understand the factors that can impact its price. As of today, the current price of Morrow Bank stands at 8.60, as last reported on the 27th of November, with the highest price reaching 8.64 and the lowest price hitting 8.26 during the day. Morrow Bank appears to be not too volatile, given 3 months investment horizon. Morrow Bank ASA has Sharpe Ratio of 0.27, which conveys that the firm had a 0.27% return per unit of risk over the last 3 months. By analyzing Morrow Bank's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please exercise Morrow Bank's Risk Adjusted Performance of 0.2273, downside deviation of 1.6, and Mean Deviation of 1.43 to check out if our risk estimates are consistent with your expectations.
Morrow Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Morrow |
Sharpe Ratio = 0.2694
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Estimated Market Risk
| 2.04 actual daily | 18 82% of assets are more volatile |
Expected Return
| 0.55 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.27 actual daily | 21 79% of assets perform better |
Based on monthly moving average Morrow Bank is performing at about 21% 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 Morrow Bank by adding it to a well-diversified portfolio.
Morrow Bank Valuation on November 19, 2024
It is possible to determine the worth of Morrow Bank on a given historical date. On November 19, 2024 Morrow was worth 7.32 at the beginning of the trading date compared to the closed value of 7.22. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Morrow Bank stock. Still, in general, we apply an absolute valuation method to find Morrow Bank'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 Morrow Bank where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Morrow Bank's related companies.
| Open | High | Low | Close | Volume | |
| 7.36 | 7.36 | 7.20 | 7.24 | 201,452 | |
11/19/2024 | 7.32 | 7.32 | 7.14 | 7.22 | 166,781 |
| 7.10 | 7.30 | 7.08 | 7.18 | 302,087 |
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Morrow Bank Trading Date Momentum on November 19, 2024
| On November 20 2024 Morrow Bank ASA was traded for 7.18 at the closing time. The highest price during the trading period was 7.30 and the lowest recorded bid was listed for 7.08 . The volume for the day was 302.1 K. This history from November 20, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 0.55% . The trading delta at closing time to the current price is 14.40% . |
Price Boundaries
Morrow Bank Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
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Morrow Bank November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Morrow Bank stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Morrow Bank shares will generate the highest return on investment. By undertsting and applying Morrow Bank stock market strength indicators, traders can identify Morrow Bank ASA entry and exit signals to maximize returns
Morrow Bank Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Morrow Bank's price direction in advance. Along with the technical and fundamental analysis of Morrow Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Morrow 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.