Nekkar Asa (Norway) Price on July 22, 2024
NKR Stock | NOK 9.72 0.08 0.83% |
If you're considering investing in Nekkar Stock, it is important to understand the factors that can impact its price. As of today, the current price of Nekkar Asa stands at 9.72, as last reported on the 23rd of November, with the highest price reaching 9.80 and the lowest price hitting 9.62 during the day. Nekkar Asa has Sharpe Ratio of -0.0338, which conveys that the firm had a -0.0338% return per unit of risk over the last 3 months. Nekkar Asa exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nekkar Asa's Mean Deviation of 1.47, standard deviation of 2.26, and Risk Adjusted Performance of (0.02) to check out the risk estimate we provide.
Nekkar Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Nekkar |
Sharpe Ratio = -0.0338
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Estimated Market Risk
2.26 actual daily | 20 80% of assets are more volatile |
Expected Return
-0.08 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 Nekkar 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 Nekkar Asa by adding Nekkar Asa to a well-diversified portfolio.
Nekkar Asa Valuation on July 22, 2024
It is possible to determine the worth of Nekkar Asa on a given historical date. On July 22, 2024 Nekkar was worth 11.4 at the beginning of the trading date compared to the closed value of 11.7. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nekkar Asa stock. Still, in general, we apply an absolute valuation method to find Nekkar 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 Nekkar Asa where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nekkar Asa's related companies.
Open | High | Low | Close | Volume | |
11.25 | 11.55 | 11.25 | 11.30 | 13,065 | |
07/22/2024 | 11.40 | 11.95 | 11.40 | 11.70 | 84,059 |
11.70 | 11.80 | 11.45 | 11.50 | 28,155 |
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Nekkar Asa Trading Date Momentum on July 22, 2024
On July 23 2024 Nekkar Asa was traded for 11.50 at the closing time. The maximum traded price for the trading interval was 11.80 and the lowest daily price was 11.45 . The daily volume was recorded at 28.2 K. The volume of trading on 23rd of July 2024 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 5.56% . |
Nekkar Asa Fundamentals Correlations and Trends
By evaluating Nekkar 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 Nekkar Asa's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nekkar financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Nekkar Asa Stock history
Nekkar 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 Nekkar is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nekkar 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 Nekkar Asa stock prices may prove useful in developing a viable investing in Nekkar Asa
Nekkar ASA operates in shipyard, aquaculture, renewables, and digital solutions. Nekkar ASA founded in 1966 and is headquartered in Kristiansand, Norway. NEKKAR ASA is traded on Oslo Stock Exchange in Norway.
Nekkar Asa Stock Technical Analysis
Nekkar 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
Nekkar Asa Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
Nekkar 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.
Nekkar Asa November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Nekkar 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 Nekkar Asa shares will generate the highest return on investment. By undertsting and applying Nekkar Asa stock market strength indicators, traders can identify Nekkar Asa entry and exit signals to maximize returns
Nekkar Asa Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nekkar Asa's price direction in advance. Along with the technical and fundamental analysis of Nekkar Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nekkar 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 | (0.02) | |||
Jensen Alpha | (0.14) | |||
Total Risk Alpha | (0.46) | |||
Treynor Ratio | (0.30) |
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Other Information on Investing in Nekkar Stock
Nekkar Asa financial ratios help investors to determine whether Nekkar 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 Nekkar with respect to the benefits of owning Nekkar Asa security.