North Energy (Norway) Price on August 24, 2023
| NORTH Stock | NOK 2.70 0.07 2.53% |
If you're considering investing in North Stock, it is important to understand the factors that can impact its price. As of today, the current price of North Energy stands at 2.70, as last reported on the 29th of November, with the highest price reaching 2.82 and the lowest price hitting 2.70 during the day. As of now, North Stock is moderately volatile. North Energy ASA has Sharpe Ratio of 0.0647, which conveys that the firm had a 0.0647% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for North Energy, which you can use to evaluate the volatility of the firm. Please verify North Energy's Mean Deviation of 1.2, risk adjusted performance of 0.0646, and Downside Deviation of 1.96 to check out if the risk estimate we provide is consistent with the expected return of 0.11%.
North Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
North |
Sharpe Ratio = 0.0647
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| Cash | Small Risk | NORTH | High Risk | Huge Risk |
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Estimated Market Risk
| 1.66 actual daily | 14 86% 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 | 5 95% of assets perform better |
Based on monthly moving average North Energy is performing at about 5% 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 North Energy by adding it to a well-diversified portfolio.
North Energy Valuation on August 24, 2023
It is possible to determine the worth of North Energy on a given historical date. On August 24, 2023 North was worth 2.26 at the beginning of the trading date compared to the closed value of 2.17. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of North Energy stock. Still, in general, we apply an absolute valuation method to find North Energy'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 North Energy where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against North Energy's related companies.
| Open | High | Low | Close | Volume | |
| 2.19 | 2.26 | 2.18 | 2.18 | 344,158 | |
08/24/2023 | 2.26 | 2.28 | 2.17 | 2.17 | 42,239 |
| 2.25 | 2.25 | 2.07 | 2.17 | 79,410 |
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North Energy Trading Date Momentum on August 24, 2023
| On August 25 2023 North Energy ASA was traded for 2.17 at the closing time. The highest price during the trading period was 2.25 and the lowest recorded bid was listed for 2.07 . The volume for the day was 79.4 K. This history from August 25, 2023 did not cause price change. The trading delta at closing time to the current price is 0.00% . |
North Energy ASA Fundamentals Correlations and Trends
By evaluating North Energy'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 North Energy's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. North financial account trend analysis is a perfect complement when working with valuation or volatility modules.About North Energy Stock history
North Energy 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 North is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in North Energy 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 North Energy stock prices may prove useful in developing a viable investing in North Energy
Previously, it was engaged in the exploration, development, and production of oil and gas in the Norwegian continental shelf. The company was founded in 2007 and is headquartered in Oslo, Norway. NORTH ENERGY operates under Oil And Gas Drilling And Exploration classification in Norway and is traded on Oslo Stock Exchange. It employs 3 people.
North Energy Stock Technical Analysis
North Energy 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
North Energy Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
North Energy 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.
North Energy November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how North Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading North Energy shares will generate the highest return on investment. By undertsting and applying North Energy stock market strength indicators, traders can identify North Energy ASA entry and exit signals to maximize returns
North Energy Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for North Energy's price direction in advance. Along with the technical and fundamental analysis of North Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of North 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 | 0.0646 | |||
| Jensen Alpha | 0.1212 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 8.0E-4 | |||
| Treynor Ratio | (3.15) |
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Other Information on Investing in North Stock
North Energy financial ratios help investors to determine whether North 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 North with respect to the benefits of owning North Energy security.