Odfjell B (Norway) Price on May 30, 2023
ODFB Stock | NOK 106.00 2.50 2.30% |
If you're considering investing in Odfjell Stock, it is important to understand the factors that can impact its price. As of today, the current price of Odfjell B stands at 106.00, as last reported on the 30th of November, with the highest price reaching 110.00 and the lowest price hitting 106.00 during the day. Odfjell B maintains Sharpe Ratio (i.e., Efficiency) of -0.18, which implies the firm had a -0.18% return per unit of risk over the last 3 months. Odfjell B exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Odfjell B's Risk Adjusted Performance of (0.13), coefficient of variation of (558.85), and Variance of 5.92 to confirm the risk estimate we provide.
Odfjell Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Odfjell |
Sharpe Ratio = -0.1789
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Estimated Market Risk
2.43 actual daily | 21 79% of assets are more volatile |
Expected Return
-0.44 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.18 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Odfjell B 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 Odfjell B by adding Odfjell B to a well-diversified portfolio.
Odfjell B Valuation on May 30, 2023
It is possible to determine the worth of Odfjell B on a given historical date. On May 30, 2023 Odfjell was worth 73.35 at the beginning of the trading date compared to the closed value of 74.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Odfjell B stock. Still, in general, we apply an absolute valuation method to find Odfjell B'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 Odfjell B where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Odfjell B's related companies.
Open | High | Low | Close | Volume | |
74.00 | 75.15 | 73.18 | 73.18 | 2,938 | |
05/30/2023 | 73.35 | 75.65 | 73.35 | 74.00 | 2,309 |
74.66 | 74.66 | 72.20 | 72.20 | 3,901 |
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Odfjell B Trading Date Momentum on May 30, 2023
On May 31 2023 Odfjell B was traded for 72.20 at the closing time. The highest price during the trading period was 74.66 and the lowest recorded bid was listed for 72.20 . The volume for the day was 3.9 K. This history from May 31, 2023 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 2.43% . The trading delta at closing time to the current price is 0.88% . |
Odfjell B Fundamentals Correlations and Trends
By evaluating Odfjell B'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 Odfjell B's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Odfjell financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Odfjell B Stock history
Odfjell B 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 Odfjell is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Odfjell B 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 Odfjell B stock prices may prove useful in developing a viable investing in Odfjell B
Odfjell SE engages in the transportation and storage of bulk liquid chemicals, acids, edible oils, and other special products. Odfjell SE was founded in 1914 and is headquartered in Bergen, Norway. Odfjell SE operates under Shipping Ports classification in Norway and is traded on Oslo Stock Exchange. It employs 2530 people.
Odfjell B Stock Technical Analysis
Odfjell B 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
Odfjell B Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Odfjell B 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.
Odfjell B November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Odfjell B stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Odfjell B shares will generate the highest return on investment. By undertsting and applying Odfjell B stock market strength indicators, traders can identify Odfjell B entry and exit signals to maximize returns
Odfjell B Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Odfjell B's price direction in advance. Along with the technical and fundamental analysis of Odfjell Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Odfjell 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 | (0.13) | |||
Jensen Alpha | (0.37) | |||
Total Risk Alpha | (0.85) | |||
Treynor Ratio | 0.7978 |
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Other Information on Investing in Odfjell Stock
Odfjell B financial ratios help investors to determine whether Odfjell 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 Odfjell with respect to the benefits of owning Odfjell B security.