Norion Bank (Sweden) Price on November 21, 2024
| NORION Stock | 40.40 1.05 2.67% |
If you're considering investing in Norion Stock, it is important to understand the factors that can impact its price. As of today, the current price of Norion Bank stands at 40.40, as last reported on the 2nd of December, with the highest price reaching 40.50 and the lowest price hitting 39.60 during the day. At this point, Norion Bank is very steady. Norion Bank has Sharpe Ratio of 0.006, which conveys that the firm had a 0.006% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Norion Bank, which you can use to evaluate the volatility of the firm. Please verify Norion Bank's Mean Deviation of 1.41, standard deviation of 1.98, and Risk Adjusted Performance of (0.02) to check out if the risk estimate we provide is consistent with the expected return of 0.012%.
Norion Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Norion |
Sharpe Ratio = 0.006
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| Negative Returns | NORION |
Estimated Market Risk
| 1.99 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Norion Bank 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 Norion Bank by adding Norion Bank to a well-diversified portfolio.
Norion Bank Valuation on November 21, 2024
It is possible to determine the worth of Norion Bank on a given historical date. On November 21, 2024 Norion was worth 38.45 at the beginning of the trading date compared to the closed value of 39.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Norion Bank stock. Still, in general, we apply an absolute valuation method to find Norion Bank'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 Norion Bank where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Norion Bank's related companies.
| Open | High | Low | Close | Volume | |
| 38.55 | 38.95 | 38.40 | 38.45 | 1,589,047 | |
11/21/2024 | 38.45 | 39.15 | 38.00 | 39.10 | 84,694 |
| 39.10 | 39.45 | 38.75 | 39.00 | 39,908 |
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Norion Bank Trading Date Momentum on November 21, 2024
| On November 22 2024 Norion Bank was traded for 39.00 at the closing time. The highest price during the trading period was 39.45 and the lowest recorded bid was listed for 38.75 . The volume for the day was 39.9 K. This history from November 22, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 0.26% . The trading delta at closing time to the current price is 1.79% . |
Price Boundaries
Norion Bank Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Norion Bank cannot be verified against its exchange. Please verify the symbol is currently traded on Stockholm 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.
Norion Bank December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Norion Bank stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Norion Bank shares will generate the highest return on investment. By undertsting and applying Norion Bank stock market strength indicators, traders can identify Norion Bank entry and exit signals to maximize returns
Norion Bank Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Norion Bank's price direction in advance. Along with the technical and fundamental analysis of Norion Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Norion 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 | (0.05) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | 0.4548 |
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| Volume Indicators |
Complementary Tools for Norion Stock analysis
When running Norion Bank's price analysis, check to measure Norion Bank'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 Norion Bank is operating at the current time. Most of Norion Bank's value examination focuses on studying past and present price action to predict the probability of Norion Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Norion Bank's price. Additionally, you may evaluate how the addition of Norion Bank to your portfolios can decrease your overall portfolio volatility.
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