Norwegian Air (Norway) Price on August 24, 2023
| NAS Stock | NOK 11.25 0.12 1.06% |
If you're considering investing in Norwegian Stock, it is important to understand the factors that can impact its price. As of today, the current price of Norwegian Air stands at 11.25, as last reported on the 30th of November, with the highest price reaching 11.37 and the lowest price hitting 11.16 during the day. As of now, Norwegian Stock is somewhat reliable. Norwegian Air Shuttle has Sharpe Ratio of 0.0328, which conveys that the firm had a 0.0328% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Norwegian Air, which you can use to evaluate the volatility of the firm. Please verify Norwegian Air's Downside Deviation of 4.06, mean deviation of 2.37, and Risk Adjusted Performance of 0.0258 to check out if the risk estimate we provide is consistent with the expected return of 0.11%.
Norwegian Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Norwegian |
Sharpe Ratio = 0.0328
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Estimated Market Risk
| 3.3 actual daily | 29 71% of assets are more volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Norwegian Air is performing at about 2% 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 Norwegian Air by adding it to a well-diversified portfolio.
Norwegian Air Valuation on August 24, 2023
It is possible to determine the worth of Norwegian Air on a given historical date. On August 24, 2023 Norwegian was worth 10.18 at the beginning of the trading date compared to the closed value of 9.43. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Norwegian Air stock. Still, in general, we apply an absolute valuation method to find Norwegian Air'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 Norwegian Air where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Norwegian Air's related companies.
| Open | High | Low | Close | Volume | |
| 10.38 | 10.41 | 10.15 | 10.23 | 8,270,159 | |
08/24/2023 | 10.18 | 10.30 | 9.41 | 9.43 | 35,444,419 |
| 9.45 | 9.48 | 9.12 | 9.15 | 21,050,854 |
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Norwegian Air Trading Date Momentum on August 24, 2023
| On August 25 2023 Norwegian Air Shuttle was traded for 9.15 at the closing time. The maximum traded price for the trading interval was 9.48 and the lowest daily price was 9.12 . The daily volume was recorded at 21.1 M. The volume of trading on 25th of August 2023 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 2.97% . The trading delta at closing time to the closing price today is 2.55% . |
Norwegian Air Shuttle Fundamentals Correlations and Trends
By evaluating Norwegian Air'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 Norwegian Air's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Norwegian financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Norwegian Air Stock history
Norwegian Air 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 Norwegian is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Norwegian Air Shuttle 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 Norwegian Air stock prices may prove useful in developing a viable investing in Norwegian Air
Norwegian Air Shuttle ASA, together with its subsidiaries, provides scheduled and charter airline services in Norway and internationally. Norwegian Air Shuttle ASA was founded in 1993 and is headquartered in Fornebu, Norway. NORWEGIAN AIR operates under Airlines classification in Norway and is traded on Oslo Stock Exchange. It employs 2812 people.
Norwegian Air Stock Technical Analysis
Norwegian Air 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
Norwegian Air Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Norwegian Air Shuttle 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.
Norwegian Air November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Norwegian Air stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Norwegian Air shares will generate the highest return on investment. By undertsting and applying Norwegian Air stock market strength indicators, traders can identify Norwegian Air Shuttle entry and exit signals to maximize returns
Norwegian Air Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Norwegian Air's price direction in advance. Along with the technical and fundamental analysis of Norwegian Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Norwegian 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 | 0.0258 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.48) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.118 |
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Other Information on Investing in Norwegian Stock
Norwegian Air financial ratios help investors to determine whether Norwegian 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 Norwegian with respect to the benefits of owning Norwegian Air security.