Orkla ASA (Norway) Price on November 26, 2024
| ORK Stock | NOK 101.90 1.00 0.99% |
If you're considering investing in Orkla Stock, it is important to understand the factors that can impact its price. As of today, the current price of Orkla ASA stands at 101.90, as last reported on the 2nd of December, with the highest price reaching 102.10 and the lowest price hitting 100.50 during the day. As of now, Orkla Stock is very steady. Orkla ASA 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. We have found twenty-nine technical indicators for Orkla ASA, which you can use to evaluate the volatility of the company. Please check Orkla ASA's Coefficient Of Variation of 826.71, risk adjusted performance of 0.095, and Semi Deviation of 0.7497 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%.
Orkla Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Orkla |
Sharpe Ratio = 0.118
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Estimated Market Risk
| 1.02 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.12 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Orkla ASA is performing at about 9% 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 Orkla ASA by adding it to a well-diversified portfolio.
Orkla ASA Valuation on November 26, 2024
It is possible to determine the worth of Orkla ASA on a given historical date. On November 26, 2024 Orkla was worth 101.8 at the beginning of the trading date compared to the closed value of 100.3. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Orkla ASA stock. Still, in general, we apply an absolute valuation method to find Orkla ASA'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 Orkla ASA where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Orkla ASA's related companies.
| Open | High | Low | Close | Volume | |
| 101.90 | 102.20 | 101.10 | 101.90 | 3,815,681 | |
11/26/2024 | 101.80 | 101.90 | 99.95 | 100.30 | 1,138,677 |
| 100.60 | 102.00 | 100.60 | 101.50 | 893,754 |
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Orkla ASA Trading Date Momentum on November 26, 2024
| On November 27 2024 Orkla ASA was traded for 101.50 at the closing time. The maximum traded price for the trading interval was 102.00 and the lowest daily price was 100.60 . The daily volume was recorded at 893.8 K. The volume of trading on 27th 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 1.20% . The trading delta at closing time to the closing price today is 1.60% . |
Orkla ASA Fundamentals Correlations and Trends
By evaluating Orkla ASA'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 Orkla ASA's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Orkla financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Orkla ASA Stock history
Orkla ASA 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 Orkla is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Orkla 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 Orkla ASA stock prices may prove useful in developing a viable investing in Orkla ASA
Orkla ASA engages in the branded consumer goods, renewable energy, real estate, and financial investment businesses. It has operations in Norway, Sweden, Denmark, Finland, Iceland, the Baltics, rest of Europe, and internationally. ORKLA ASA operates under Household Consumables Manufacturers classification in Norway and is traded on Oslo Stock Exchange. It employs 18510 people.
Orkla ASA Stock Technical Analysis
Orkla ASA 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
Orkla ASA Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Orkla 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.
Orkla ASA December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Orkla ASA stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Orkla ASA shares will generate the highest return on investment. By undertsting and applying Orkla ASA stock market strength indicators, traders can identify Orkla ASA entry and exit signals to maximize returns
Orkla ASA Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Orkla ASA's price direction in advance. Along with the technical and fundamental analysis of Orkla Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Orkla 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 | 0.095 | |||
| Jensen Alpha | 0.1037 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 1.38 |
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Other Information on Investing in Orkla Stock
Orkla ASA financial ratios help investors to determine whether Orkla 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 Orkla with respect to the benefits of owning Orkla ASA security.