Norwegian Air Shuttle Stock Price on May 10, 2024
| NWARF Stock | USD 0.97 0.03 3.00% |
If you're considering investing in Norwegian Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Norwegian Air stands at 0.97, as last reported on the 25th of November, with the highest price reaching 1.00 and the lowest price hitting 0.97 during the day. Norwegian Air appears to be abnormally volatile, given 3 months investment horizon. Norwegian Air Shuttle has Sharpe Ratio of 0.0641, which conveys that the firm had a 0.0641% return per unit of risk over the last 3 months. We have found thirty technical indicators for Norwegian Air, which you can use to evaluate the volatility of the firm. Please exercise Norwegian Air's Downside Deviation of 6.44, risk adjusted performance of 0.0364, and Mean Deviation of 5.35 to check out if our risk estimates are consistent with your expectations.
Norwegian Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Norwegian |
Sharpe Ratio = 0.0641
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Estimated Market Risk
| 7.38 actual daily | 65 65% of assets are less volatile |
Expected Return
| 0.47 actual daily | 9 91% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 5 95% of assets perform better |
Based on monthly moving average Norwegian Air 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 Norwegian Air by adding it to a well-diversified portfolio.
Norwegian Air Valuation on May 10, 2024
It is possible to determine the worth of Norwegian Air on a given historical date. On May 10, 2024 Norwegian was worth 1.4 at the beginning of the trading date compared to the closed value of 1.4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Norwegian Air pink sheet. Still, in general, we apply an absolute valuation method to find Norwegian Air'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 Norwegian Air where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Norwegian Air's related companies.
| Open | High | Low | Close | Volume | |
| 1.40 | 1.40 | 1.40 | 1.40 | 2,100 | |
05/10/2024 | 1.40 | 1.40 | 1.40 | 1.40 | 2.00 |
| 1.36 | 1.38 | 1.35 | 1.35 | 6,500 |
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Norwegian Air Trading Date Momentum on May 10, 2024
| On May 13 2024 Norwegian Air Shuttle was traded for 1.35 at the closing time. The highest daily price throughout the period was 1.38 and the lowest price was 1.35 . The daily volume was 6.5 K. The net trading volume on 05/13/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 3.57% . The trading delta at closing time to current closing price is 5.00% . |
Norwegian Air Shuttle Fundamentals Correlations and Trends
By evaluating Norwegian Air'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 Norwegian Air's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Norwegian financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Norwegian Air Pink Sheet history
Norwegian Air 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 Norwegian is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Norwegian Air Shuttle 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 Norwegian Air stock prices may prove useful in developing a viable investing in Norwegian Air
Norwegian Air Shuttle ASA, together with its subsidiaries, provides scheduled and charter airline services in Norway and internationally. Norwegian Air Shuttle ASA was founded in 1993 and is headquartered in Fornebu, Norway. Norwegian Air is traded on OTC Exchange in the United States.
Norwegian Air Pink Sheet Technical Analysis
Norwegian Air 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.
Price Boundaries
Norwegian Air Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
Norwegian Air Shuttle 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.
Norwegian Air November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Norwegian Air 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 Norwegian Air shares will generate the highest return on investment. By undertsting and applying Norwegian Air pink sheet market strength indicators, traders can identify Norwegian Air Shuttle entry and exit signals to maximize returns
Norwegian Air Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Norwegian Air's price direction in advance. Along with the technical and fundamental analysis of Norwegian Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Norwegian 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 | 0.0364 | |||
| Jensen Alpha | 0.1925 | |||
| Total Risk Alpha | (0.93) | |||
| Sortino Ratio | 0.0218 | |||
| Treynor Ratio | 0.4603 |
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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Norwegian Pink Sheet analysis
When running Norwegian Air's price analysis, check to measure Norwegian Air'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 Norwegian Air is operating at the current time. Most of Norwegian Air's value examination focuses on studying past and present price action to predict the probability of Norwegian Air's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Norwegian Air's price. Additionally, you may evaluate how the addition of Norwegian Air to your portfolios can decrease your overall portfolio volatility.
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