Navamedic ASA (Norway) Price on November 8, 2024
NAVA Stock | NOK 25.60 1.00 4.07% |
If you're considering investing in Navamedic Stock, it is important to understand the factors that can impact its price. As of today, the current price of Navamedic ASA stands at 25.60, as last reported on the 2nd of December, with the highest price reaching 25.60 and the lowest price hitting 24.20 during the day. Navamedic ASA has Sharpe Ratio of -0.0335, which conveys that the firm had a -0.0335% return per unit of risk over the last 3 months. Navamedic ASA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Navamedic ASA's Mean Deviation of 1.73, standard deviation of 3.27, and Risk Adjusted Performance of (0.03) to check out the risk estimate we provide.
Navamedic Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Navamedic |
Sharpe Ratio = -0.0335
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Estimated Market Risk
3.29 actual daily | 29 71% of assets are more volatile |
Expected Return
-0.11 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Navamedic ASA is not performing at its full potential. However, 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 Navamedic ASA by adding Navamedic ASA to a well-diversified portfolio.
Navamedic ASA Valuation on November 8, 2024
It is possible to determine the worth of Navamedic ASA on a given historical date. On November 8, 2024 Navamedic was worth 24.0 at the beginning of the trading date compared to the closed value of 24.2. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Navamedic ASA stock. Still, in general, we apply an absolute valuation method to find Navamedic 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 Navamedic ASA where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Navamedic ASA's related companies.
Open | High | Low | Close | Volume | |
25.00 | 25.50 | 23.30 | 23.90 | 20,197 | |
11/08/2024 | 24.00 | 24.40 | 23.70 | 24.20 | 17,437 |
24.90 | 26.50 | 24.40 | 24.40 | 21,997 |
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Navamedic ASA Trading Date Momentum on November 8, 2024
On November 11 2024 Navamedic ASA was traded for 24.40 at the closing time. The highest price during the trading period was 26.50 and the lowest recorded bid was listed for 24.40 . The volume for the day was 22 K. This history from November 11, 2024 contributed to the next trading day price upswing. The trading delta at closing time to the next closing price was 0.83% . The trading delta at closing time to the current price is 2.07% . |
Navamedic ASA Fundamentals Correlations and Trends
By evaluating Navamedic 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 Navamedic ASA's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Navamedic financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Navamedic ASA Stock history
Navamedic 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 Navamedic is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Navamedic 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 Navamedic ASA stock prices may prove useful in developing a viable investing in Navamedic ASA
Navamedic ASA, a pharmaceutical company, develops, produces, markets, and sells pharmaceuticals and related products in Northern Europe. Navamedic ASA was incorporated in 2002 and is headquartered in Oslo, Norway. NAVAMEDIC ASA operates under Healthcare Products classification in Norway and is traded on Oslo Stock Exchange. It employs 26 people.
Navamedic ASA Stock Technical Analysis
Navamedic 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
Navamedic ASA Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Navamedic 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.
Navamedic ASA December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Navamedic 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 Navamedic ASA shares will generate the highest return on investment. By undertsting and applying Navamedic ASA stock market strength indicators, traders can identify Navamedic ASA entry and exit signals to maximize returns
Navamedic ASA Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Navamedic ASA's price direction in advance. Along with the technical and fundamental analysis of Navamedic Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Navamedic 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 | (0.03) | |||
Jensen Alpha | (0.16) | |||
Total Risk Alpha | (0.70) | |||
Treynor Ratio | (2.66) |
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Volume Indicators |
Other Information on Investing in Navamedic Stock
Navamedic ASA financial ratios help investors to determine whether Navamedic 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 Navamedic with respect to the benefits of owning Navamedic ASA security.