Opera Stock Price on December 31, 2023
| OPRA Stock | USD 20.19 0.89 4.61% |
If you're considering investing in Opera Stock, it is important to understand the factors that can impact its price. As of today, the current price of Opera stands at 20.19, as last reported on the 23rd of November, with the highest price reaching 20.42 and the lowest price hitting 19.10 during the day. Opera appears to be not too volatile, given 3 months investment horizon. Opera maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the firm had a 0.15% return per unit of risk over the last 3 months. We have found thirty technical indicators for Opera, which you can use to evaluate the volatility of the company. Please evaluate Opera's Semi Deviation of 1.96, risk adjusted performance of 0.1211, and Coefficient Of Variation of 673.24 to confirm if our risk estimates are consistent with your expectations.
Opera Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Opera |
Sharpe Ratio = 0.1485
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Estimated Market Risk
| 2.69 actual daily | 23 77% of assets are more volatile |
Expected Return
| 0.4 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Opera is performing at about 11% 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 Opera by adding it to a well-diversified portfolio.
Opera Valuation on December 31, 2023
It is possible to determine the worth of Opera on a given historical date. On December 31, 2023 Opera was worth 12.67 at the beginning of the trading date compared to the closed value of 12.46. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Opera stock. Still, in general, we apply an absolute valuation method to find Opera'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 Opera where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Opera's related companies.
| Open | High | Low | Close | Volume | |
| 12.50 | 12.76 | 12.41 | 12.58 | 540,511 | |
12/29/2023 | 12.67 | 12.85 | 12.29 | 12.46 | 1,317,982 |
| 12.50 | 12.59 | 12.12 | 12.34 | 833,768 |
| Backtest Opera | | | Opera History | | | Opera Valuation | Previous | Next |
Opera Trading Date Momentum on December 31, 2023
| On January 02 2024 Opera was traded for 12.34 at the closing time. The top price for the day was 12.59 and the lowest listed price was 12.12 . The trading volume for the day was 833.8 K. The trading history from January 2, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 0.96% . The trading delta at closing time against the current closing price is 5.78% . |
Opera Fundamentals Correlations and Trends
By evaluating Opera'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 Opera's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Opera financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Opera Stock history
Opera 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 Opera is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Opera 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 Opera stock prices may prove useful in developing a viable investing in Opera
Opera Limited, together with its subsidiaries, provides mobile and PC web browsers. The company was founded in 1995 and is headquartered in Oslo, Norway. Opera is traded on NASDAQ Exchange in the United States.
Opera Stock Technical Analysis
Opera 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
Opera Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
Opera cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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.
Opera November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Opera stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Opera shares will generate the highest return on investment. By undertsting and applying Opera stock market strength indicators, traders can identify Opera entry and exit signals to maximize returns
Opera Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Opera's price direction in advance. Along with the technical and fundamental analysis of Opera Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Opera 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 | 0.1211 | |||
| Jensen Alpha | 0.3341 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.1225 | |||
| Treynor Ratio | 0.8507 |
| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
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| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Opera Stock analysis
When running Opera's price analysis, check to measure Opera'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 Opera is operating at the current time. Most of Opera's value examination focuses on studying past and present price action to predict the probability of Opera's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Opera's price. Additionally, you may evaluate how the addition of Opera to your portfolios can decrease your overall portfolio volatility.
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