Nel Asa Stock Price on April 16, 2024

NLLSF Stock  USD 0.28  0.01  3.70%   
If you're considering investing in Nel Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Nel ASA stands at 0.28, as last reported on the 26th of November, with the highest price reaching 0.30 and the lowest price hitting 0.27 during the day. Nel ASA has Sharpe Ratio of -0.18, which conveys that the firm had a -0.18% return per unit of risk over the last 3 months. Nel ASA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nel ASA's Mean Deviation of 3.53, standard deviation of 4.59, and Risk Adjusted Performance of (0.13) to check out the risk estimate we provide.
  
Nel Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1791

Best PortfolioBest Equity
Good Returns
Average Returns
Small Returns
CashSmall RiskAverage RiskHigh RiskHuge Risk
Negative ReturnsNLLSF

Estimated Market Risk

 4.68
  actual daily
41
59% of assets are more volatile

Expected Return

 -0.84
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.18
  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 April 16, 2024

It is possible to determine the worth of Nel ASA on a given historical date. On April 16, 2024 Nel was worth 0.46 at the beginning of the trading date compared to the closed value of 0.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nel ASA pink sheet. 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
  0.50    0.50    0.47    0.47    14,000  
04/16/2024
  0.46    0.50    0.46    0.50    11,300  
  0.45    0.46    0.42    0.44    57,300  
Backtest Nel ASA  |  Nel ASA History  |  Nel ASA Valuation   PreviousNext  
Open Value
0.46
0.5
Closing Value
14.50
Upside

Nel ASA Trading Date Momentum on April 16, 2024

On April 17 2024 Nel ASA was traded for  0.44  at the closing time. The highest daily price throughout the period was 0.46  and the lowest price was  0.42 . The daily volume was 57.3 K. The net trading volume on 04/17/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 12.00% . The trading delta at closing time to current closing price is 12.00% .

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 Pink Sheet 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 in Norway, the United States, Denmark, and South Korea. Nel ASA was founded in 1927 and is headquartered in Oslo, Norway. NEL ASA is traded on OTC Exchange in the United States.

Nel ASA Pink Sheet Technical Analysis

Nel ASA technical pink sheet 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, pink sheet market cycles, or different charting patterns.
A focus of Nel ASA technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Nel ASA trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Nel ASA Period Price Range

Low
November 26, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Nel ASA cannot be verified against its exchange. Please verify the symbol is currently traded on PINK 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 26, 2024 Market Strength

Market strength indicators help investors to evaluate how Nel ASA pink sheet 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 pink sheet 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 Pink Sheet 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.

Complementary Tools for Nel Pink Sheet analysis

When running Nel ASA's price analysis, check to measure Nel ASA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nel ASA is operating at the current time. Most of Nel ASA's value examination focuses on studying past and present price action to predict the probability of Nel ASA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nel ASA's price. Additionally, you may evaluate how the addition of Nel ASA to your portfolios can decrease your overall portfolio volatility.
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Money Managers
Screen money managers from public funds and ETFs managed around the world
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Sign In To Macroaxis
Sign in to explore Macroaxis' wealth optimization platform and fintech modules