Northern Ocean (Norway) Price on April 26, 2024
| NOL Stock | NOK 8.30 0.05 0.61% |
If you're considering investing in Northern Stock, it is important to understand the factors that can impact its price. As of today, the current price of Northern Ocean stands at 8.30, as last reported on the 26th of November, with the highest price reaching 8.30 and the lowest price hitting 8.01 during the day. Northern Ocean appears to be somewhat reliable, given 3 months investment horizon. Northern Ocean has Sharpe Ratio of 0.083, which conveys that the firm had a 0.083% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Northern Ocean, which you can use to evaluate the volatility of the firm. Please exercise Northern Ocean's Mean Deviation of 2.04, risk adjusted performance of 0.0609, and Downside Deviation of 2.44 to check out if our risk estimates are consistent with your expectations.
Northern Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Northern |
Sharpe Ratio = 0.083
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Estimated Market Risk
| 3.2 actual daily | 28 72% of assets are more volatile |
Expected Return
| 0.27 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Northern Ocean is performing at about 6% 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 Northern Ocean by adding it to a well-diversified portfolio.
Northern Ocean Valuation on April 26, 2024
It is possible to determine the worth of Northern Ocean on a given historical date. On April 26, 2024 Northern was worth 9.03 at the beginning of the trading date compared to the closed value of 9.29. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Northern Ocean stock. Still, in general, we apply an absolute valuation method to find Northern Ocean'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 Northern Ocean where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Northern Ocean's related companies.
| Open | High | Low | Close | Volume | |
| 9.20 | 9.20 | 9.00 | 9.01 | 89,185 | |
04/26/2024 | 9.03 | 9.29 | 9.02 | 9.29 | 58,214 |
| 9.20 | 9.28 | 8.96 | 9.00 | 359,400 |
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Northern Ocean Trading Date Momentum on April 26, 2024
| On April 29 2024 Northern Ocean was traded for 9.00 at the closing time. The maximum traded price for the trading interval was 9.28 and the lowest daily price was 8.96 . The daily volume was recorded at 359.4 K. The volume of trading on 29th of April 2024 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 3.12% . The trading delta at closing time to the closing price today is 9.36% . |
Northern Ocean Fundamentals Correlations and Trends
By evaluating Northern Ocean'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 Northern Ocean's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Northern financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Northern Ocean Stock history
Northern Ocean 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 Northern is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Northern Ocean 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 Northern Ocean stock prices may prove useful in developing a viable investing in Northern Ocean
Northern Ocean Ltd., together with its subsidiaries, provides offshore contract drilling services for the oil and gas industry worldwide. The company was incorporated in 2017 and is based in Hamilton, Bermuda. NORTHERN OCEAN is traded on Oslo Stock Exchange in Norway.
Northern Ocean Stock Technical Analysis
Northern Ocean 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
Northern Ocean Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Northern Ocean 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.
Northern Ocean November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Northern Ocean stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Northern Ocean shares will generate the highest return on investment. By undertsting and applying Northern Ocean stock market strength indicators, traders can identify Northern Ocean entry and exit signals to maximize returns
Northern Ocean Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Northern Ocean's price direction in advance. Along with the technical and fundamental analysis of Northern Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Northern 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 | 0.0609 | |||
| Jensen Alpha | 0.1364 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.0385 | |||
| Treynor Ratio | 0.331 |
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Other Information on Investing in Northern Stock
Northern Ocean financial ratios help investors to determine whether Northern 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 Northern with respect to the benefits of owning Northern Ocean security.