Norbit ASA (Norway) Price on October 3, 2024
| NORBT Stock | NOK 96.30 1.10 1.16% |
If you're considering investing in Norbit Stock, it is important to understand the factors that can impact its price. As of today, the current price of Norbit ASA stands at 96.30, as last reported on the 1st of December, with the highest price reaching 97.00 and the lowest price hitting 95.00 during the day. As of now, Norbit Stock is very steady. Norbit ASA has Sharpe Ratio of 0.0594, which conveys that the firm had a 0.0594% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Norbit ASA, which you can use to evaluate the volatility of the firm. Please verify Norbit ASA's Downside Deviation of 1.61, mean deviation of 1.49, and Risk Adjusted Performance of 0.0277 to check out if the risk estimate we provide is consistent with the expected return of 0.11%.
Norbit Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Norbit |
Sharpe Ratio = 0.0594
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Estimated Market Risk
| 1.91 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Norbit ASA is performing at about 4% 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 Norbit ASA by adding it to a well-diversified portfolio.
Norbit ASA Valuation on October 3, 2024
It is possible to determine the worth of Norbit ASA on a given historical date. On October 3, 2024 Norbit was worth 82.2 at the beginning of the trading date compared to the closed value of 85.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Norbit ASA stock. Still, in general, we apply an absolute valuation method to find Norbit 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 Norbit ASA where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Norbit ASA's related companies.
| Open | High | Low | Close | Volume | |
| 82.60 | 83.40 | 82.00 | 82.60 | 16,605 | |
10/03/2024 | 82.20 | 85.80 | 82.20 | 85.10 | 82,800 |
| 85.40 | 88.00 | 85.00 | 87.00 | 144,269 |
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Norbit ASA Trading Date Momentum on October 3, 2024
| On October 04 2024 Norbit ASA was traded for 87.00 at the closing time. The highest price during the trading period was 88.00 and the lowest recorded bid was listed for 85.00 . The volume for the day was 144.3 K. This history from October 4, 2024 contributed to the next trading day price boost. The trading delta at closing time to the next closing price was 2.23% . The trading delta at closing time to the current price is 7.64% . |
Norbit ASA Fundamentals Correlations and Trends
By evaluating Norbit 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 Norbit ASA's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Norbit financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Norbit ASA Stock history
Norbit 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 Norbit is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Norbit 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 Norbit ASA stock prices may prove useful in developing a viable investing in Norbit ASA
It operates through three segments Oceans, Intelligent Traffic Systems, and Product Innovation Realization. The company was founded in 1980 and is headquartered in Trondheim, Norway. NORBIT ASA is traded on Oslo Stock Exchange in Norway.
Norbit ASA Stock Technical Analysis
Norbit 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
Norbit ASA Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Norbit 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.
Norbit ASA December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Norbit 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 Norbit ASA shares will generate the highest return on investment. By undertsting and applying Norbit ASA stock market strength indicators, traders can identify Norbit ASA entry and exit signals to maximize returns
Norbit ASA Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Norbit ASA's price direction in advance. Along with the technical and fundamental analysis of Norbit Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Norbit 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 | 0.0277 | |||
| Jensen Alpha | 0.0927 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.12) |
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Other Information on Investing in Norbit Stock
Norbit ASA financial ratios help investors to determine whether Norbit 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 Norbit with respect to the benefits of owning Norbit ASA security.