Nel ASA (Norway) Price on July 13, 2023
NEL Stock | NOK 3.03 0.11 3.77% |
If you're considering investing in Nel Stock, it is important to understand the factors that can impact its price. As of today, the current price of Nel ASA stands at 3.03, as last reported on the 29th of November, with the highest price reaching 3.03 and the lowest price hitting 2.90 during the day. Nel ASA has Sharpe Ratio of -0.23, which conveys that the firm had a -0.23% return per unit of risk over the last 3 months. Nel ASA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nel ASA's Mean Deviation of 3.02, standard deviation of 3.92, and Risk Adjusted Performance of (0.15) to check out the risk estimate we provide.
Nel Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Nel |
Sharpe Ratio = -0.2254
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Estimated Market Risk
3.9 actual daily | 34 66% of assets are more volatile |
Expected Return
-0.88 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.23 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Nel 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 Nel ASA by adding Nel ASA to a well-diversified portfolio.
Nel ASA Valuation on July 13, 2023
It is possible to determine the worth of Nel ASA on a given historical date. On July 13, 2023 Nel was worth 12.7 at the beginning of the trading date compared to the closed value of 12.89. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nel ASA stock. Still, in general, we apply an absolute valuation method to find Nel 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 Nel ASA where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nel ASA's related companies.
Open | High | Low | Close | Volume | |
12.26 | 12.49 | 12.23 | 12.44 | 4,542,464 | |
07/13/2023 | 12.70 | 12.93 | 12.50 | 12.89 | 6,826,792 |
12.73 | 13.01 | 12.58 | 12.67 | 5,427,316 |
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Nel ASA Trading Date Momentum on July 13, 2023
On July 14 2023 Nel ASA was traded for 12.67 at the closing time. The maximum traded price for the trading interval was 13.01 and the lowest daily price was 12.58 . The daily volume was recorded at 5.4 M. The volume of trading on 14th of July 2023 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 1.71% . The trading delta at closing time to the closing price today is 5.35% . |
Nel ASA Fundamentals Correlations and Trends
By evaluating Nel 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 Nel ASA's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nel financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Nel ASA Stock history
Nel 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 Nel is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nel 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 Nel ASA stock prices may prove useful in developing a viable investing in Nel ASA
Nel ASA, a hydrogen company, delivers various solutions to produce, store, and distribute hydrogen from renewable energy worldwide. Nel ASA was founded in 1927 and is headquartered in Oslo, Norway. NEL ASA operates under Healthcare Services classification in Norway and is traded on Oslo Stock Exchange. It employs 251 people.
Nel ASA Stock Technical Analysis
Nel 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
Nel ASA Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Nel 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.
Nel ASA November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Nel 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 Nel ASA shares will generate the highest return on investment. By undertsting and applying Nel ASA stock market strength indicators, traders can identify Nel ASA entry and exit signals to maximize returns
Nel ASA Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nel ASA's price direction in advance. Along with the technical and fundamental analysis of Nel Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nel 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 | (0.15) | |||
Jensen Alpha | (0.70) | |||
Total Risk Alpha | (1.42) | |||
Treynor Ratio | 0.7035 |
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Other Information on Investing in Nel Stock
Nel ASA financial ratios help investors to determine whether Nel 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 Nel with respect to the benefits of owning Nel ASA security.