Sparebanken Mre (Norway) Price on September 20, 2024
| MORG Stock | NOK 92.00 0.90 0.97% |
If you're considering investing in Sparebanken Stock, it is important to understand the factors that can impact its price. As of today, the current price of Sparebanken Mre stands at 92.00, as last reported on the 27th of November, with the highest price reaching 94.34 and the lowest price hitting 92.00 during the day. As of now, Sparebanken Stock is very steady. Sparebanken Mre owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sparebanken Mre, which you can use to evaluate the volatility of the company. Please validate Sparebanken Mre's Risk Adjusted Performance of 0.1274, semi deviation of 0.844, and Coefficient Of Variation of 615.46 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%.
Sparebanken Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Sparebanken |
Sharpe Ratio = 0.1232
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Estimated Market Risk
| 1.13 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Sparebanken Mre is performing at about 9% 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 Sparebanken Mre by adding it to a well-diversified portfolio.
Sparebanken Mre Valuation on September 20, 2024
It is possible to determine the worth of Sparebanken Mre on a given historical date. On September 20, 2024 Sparebanken was worth 82.5 at the beginning of the trading date compared to the closed value of 82.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Sparebanken Mre stock. Still, in general, we apply an absolute valuation method to find Sparebanken Mre'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 Sparebanken Mre where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Sparebanken Mre's related companies.
| Open | High | Low | Close | Volume | |
| 83.50 | 83.61 | 82.50 | 82.50 | 24,767 | |
09/20/2024 | 82.50 | 83.41 | 82.00 | 82.00 | 33,781 |
| 82.16 | 82.90 | 82.16 | 82.80 | 1,785 |
| Backtest Sparebanken Mre | | | Sparebanken Mre History | | | Sparebanken Mre Valuation | Previous | Next |
Sparebanken Mre Trading Date Momentum on September 20, 2024
| On September 23 2024 Sparebanken Mre was traded for 82.80 at the closing time. The highest price during the trading period was 82.90 and the lowest recorded bid was listed for 82.16 . The volume for the day was 1.8 K. This history from September 23, 2024 contributed to the next trading day price upswing. The trading delta at closing time to the next closing price was 0.98% . The trading price change to the current price is 2.74% . |
Sparebanken Mre Fundamentals Correlations and Trends
By evaluating Sparebanken Mre'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 Sparebanken Mre's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Sparebanken financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Sparebanken Mre Stock history
Sparebanken Mre 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 Sparebanken is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Sparebanken Mre 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 Sparebanken Mre stock prices may prove useful in developing a viable investing in Sparebanken Mre
Sparebanken Mre, together with its subsidiaries, provides banking services for retail and corporate customers primarily in Mre og Romsdal, Norway. Sparebanken Mre was founded in 1843 and is headquartered in lesund, Norway. SPAREBANKEN MORE is traded on Oslo Stock Exchange in Norway.
Sparebanken Mre Stock Technical Analysis
Sparebanken Mre 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
Sparebanken Mre Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Sparebanken Mre 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.
Sparebanken Mre November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Sparebanken Mre stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sparebanken Mre shares will generate the highest return on investment. By undertsting and applying Sparebanken Mre stock market strength indicators, traders can identify Sparebanken Mre entry and exit signals to maximize returns
Sparebanken Mre Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Sparebanken Mre's price direction in advance. Along with the technical and fundamental analysis of Sparebanken Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Sparebanken 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 | 0.1274 | |||
| Jensen Alpha | 0.1607 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0495 | |||
| Treynor Ratio | 1.73 |
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Other Information on Investing in Sparebanken Stock
Sparebanken Mre financial ratios help investors to determine whether Sparebanken 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 Sparebanken with respect to the benefits of owning Sparebanken Mre security.