Okeanis Eco (Norway) Price on November 4, 2024
| OET Stock | NOK 253.00 1.00 0.39% |
If you're considering investing in Okeanis Stock, it is important to understand the factors that can impact its price. As of today, the current price of Okeanis Eco stands at 253.00, as last reported on the 27th of November, with the highest price reaching 255.50 and the lowest price hitting 251.00 during the day. Okeanis Eco Tankers maintains Sharpe Ratio (i.e., Efficiency) of -0.12, which implies the firm had a -0.12% return per unit of risk over the last 3 months. Okeanis Eco Tankers exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Okeanis Eco's Risk Adjusted Performance of (0.1), variance of 5.77, and Coefficient Of Variation of (742.59) to confirm the risk estimate we provide.
Okeanis Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Okeanis |
Sharpe Ratio = -0.1231
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Estimated Market Risk
| 2.43 actual daily | 21 79% of assets are more volatile |
Expected Return
| -0.3 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.12 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Okeanis Eco 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 Okeanis Eco by adding Okeanis Eco to a well-diversified portfolio.
Okeanis Eco Valuation on November 4, 2024
It is possible to determine the worth of Okeanis Eco on a given historical date. On November 4, 2024 Okeanis was worth 285.71 at the beginning of the trading date compared to the closed value of 275.4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Okeanis Eco stock. Still, in general, we apply an absolute valuation method to find Okeanis Eco'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 Okeanis Eco where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Okeanis Eco's related companies.
| Open | High | Low | Close | Volume | |
| 285.71 | 291.11 | 284.24 | 289.15 | 79,609 | |
11/04/2024 | 285.71 | 285.71 | 275.40 | 275.40 | 74,814 |
| 274.42 | 279.82 | 270.00 | 276.39 | 34,634 |
| Backtest Okeanis Eco | | | Okeanis Eco History | | | Okeanis Eco Valuation | Previous | Next |
Okeanis Eco Trading Date Momentum on November 4, 2024
| On November 05 2024 Okeanis Eco Tankers was traded for 276.39 at the closing time. The maximum traded price for the trading interval was 279.82 and the lowest daily price was 270.00 . The daily volume was recorded at 34.6 K. The volume of trading on 5th of November 2024 played a part in the next trading day price upswing. The trading delta at closing time to the next closing price was 0.36% . The trading delta at closing time to the closing price today is 5.17% . |
Okeanis Eco Tankers Fundamentals Correlations and Trends
By evaluating Okeanis Eco'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 Okeanis Eco's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Okeanis financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Okeanis Eco Stock history
Okeanis Eco 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 Okeanis is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Okeanis Eco Tankers 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 Okeanis Eco stock prices may prove useful in developing a viable investing in Okeanis Eco
Okeanis Eco Tankers Corp. owns, charters out, and operates tanker vessels. The company was incorporated in 2018 and is based in Piraeus, Greece. OKEANIS ECO operates under Marine Shipping classification in Norway and is traded on Oslo Stock Exchange.
Okeanis Eco Stock Technical Analysis
Okeanis Eco 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
Okeanis Eco Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Okeanis Eco Tankers 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.
Okeanis Eco November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Okeanis Eco stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Okeanis Eco shares will generate the highest return on investment. By undertsting and applying Okeanis Eco stock market strength indicators, traders can identify Okeanis Eco Tankers entry and exit signals to maximize returns
Okeanis Eco Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Okeanis Eco's price direction in advance. Along with the technical and fundamental analysis of Okeanis Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Okeanis 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 | (0.1) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | (2.25) |
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Additional Information and Resources on Investing in Okeanis Stock
When determining whether Okeanis Eco Tankers offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Okeanis Eco's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Okeanis Eco Tankers Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Okeanis Eco Tankers Stock:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Okeanis Eco Tankers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.