Ocean Sun (Norway) Price on June 23, 2023
OSUN Stock | NOK 1.63 0.02 1.24% |
If you're considering investing in Ocean Stock, it is important to understand the factors that can impact its price. As of today, the current price of Ocean Sun stands at 1.63, as last reported on the 11th of December 2024, with the highest price reaching 1.70 and the lowest price hitting 1.60 during the day. Ocean Sun As maintains Sharpe Ratio (i.e., Efficiency) of -7.0E-4, which implies the firm had a -7.0E-4% return per unit of risk over the last 3 months. Ocean Sun As exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ocean Sun's Variance of 36.68, coefficient of variation of (4,477), and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide.
Ocean Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Ocean |
Sharpe Ratio = -7.0E-4
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Estimated Market Risk
5.83 actual daily | 51 51% of assets are less volatile |
Expected Return
0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Ocean Sun 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 Ocean Sun by adding Ocean Sun to a well-diversified portfolio.
Ocean Sun Valuation on June 23, 2023
It is possible to determine the worth of Ocean Sun on a given historical date. On June 23, 2023 Ocean was worth 6.14 at the beginning of the trading date compared to the closed value of 6.36. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ocean Sun stock. Still, in general, we apply an absolute valuation method to find Ocean Sun'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 Ocean Sun where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ocean Sun's related companies.
Open | High | Low | Close | Volume | |
6.16 | 6.16 | 6.14 | 6.14 | 700.00 | |
06/23/2023 | 6.14 | 6.36 | 6.14 | 6.36 | 2,000 |
6.60 | 6.60 | 6.50 | 6.58 | 4,691 |
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Ocean Sun Trading Date Momentum on June 23, 2023
On June 26 2023 Ocean Sun As was traded for 6.58 at the closing time. The highest price during the trading period was 6.60 and the lowest recorded bid was listed for 6.50 . The volume for the day was 4.7 K. This history from June 26, 2023 contributed to the next trading day price upswing. The trading delta at closing time to the next closing price was 3.46% . The trading delta at closing time to the current price is 2.52% . |
Ocean Sun As Fundamentals Correlations and Trends
By evaluating Ocean Sun'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 Ocean Sun's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ocean financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Ocean Sun Stock history
Ocean Sun 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 Ocean is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ocean Sun As 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 Ocean Sun stock prices may prove useful in developing a viable investing in Ocean Sun
Ocean Sun AS develops floating power system with solar panels. Ocean Sun AS was founded in 2016 and is headquartered Fornebu, Norway with locations in Singapore Shanghai, China. OCEAN SUN is traded on Oslo Stock Exchange in Norway.
Ocean Sun Stock Technical Analysis
Ocean Sun 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
Ocean Sun Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Ocean Sun As 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.
Ocean Sun December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Ocean Sun stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ocean Sun shares will generate the highest return on investment. By undertsting and applying Ocean Sun stock market strength indicators, traders can identify Ocean Sun As entry and exit signals to maximize returns
Ocean Sun Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ocean Sun's price direction in advance. Along with the technical and fundamental analysis of Ocean Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ocean 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 | (0.01) | |||
Jensen Alpha | (0.16) | |||
Total Risk Alpha | (1.10) | |||
Treynor Ratio | (1.56) |
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Other Information on Investing in Ocean Stock
Ocean Sun financial ratios help investors to determine whether Ocean 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 Ocean with respect to the benefits of owning Ocean Sun security.