Otello ASA (Norway) Price on October 1, 2024
OTEC Stock | NOK 7.86 0.12 1.50% |
If you're considering investing in Otello Stock, it is important to understand the factors that can impact its price. As of today, the current price of Otello ASA stands at 7.86, as last reported on the 27th of November, with the highest price reaching 8.12 and the lowest price hitting 7.84 during the day. Otello ASA maintains Sharpe Ratio (i.e., Efficiency) of -0.0494, which implies the firm had a -0.0494% return per unit of risk over the last 3 months. Otello ASA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Otello ASA's Variance of 1.51, coefficient of variation of (4,089), and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide.
Otello Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Otello |
Sharpe Ratio = -0.0494
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Estimated Market Risk
1.26 actual daily | 11 89% of assets are more volatile |
Expected Return
-0.06 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Otello ASA 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 Otello ASA by adding Otello ASA to a well-diversified portfolio.
Otello ASA Valuation on October 1, 2024
It is possible to determine the worth of Otello ASA on a given historical date. On October 1, 2024 Otello was worth 7.94 at the beginning of the trading date compared to the closed value of 7.96. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Otello ASA stock. Still, in general, we apply an absolute valuation method to find Otello 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 Otello ASA where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Otello ASA's related companies.
Open | High | Low | Close | Volume | |
7.60 | 7.90 | 7.60 | 7.90 | 61,873 | |
10/01/2024 | 7.94 | 8.00 | 7.88 | 7.96 | 50,638 |
7.70 | 7.98 | 7.70 | 7.98 | 30,261 |
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Otello ASA Trading Date Momentum on October 1, 2024
On October 02 2024 Otello ASA was traded for 7.98 at the closing time. The highest price during the trading period was 7.98 and the lowest recorded bid was listed for 7.70 . The volume for the day was 30.3 K. This history from October 2, 2024 contributed to the next trading day price upswing. The trading delta at closing time to the next closing price was 0.25% . The trading delta at closing time to the current price is 0.75% . |
Otello ASA Fundamentals Correlations and Trends
By evaluating Otello 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 Otello ASA's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Otello financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Otello ASA Stock history
Otello 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 Otello is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Otello 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 Otello ASA stock prices may prove useful in developing a viable investing in Otello ASA
Otello Corporation ASA develops, produces, and sells software and associated services in the areas of mobile advertising, apps, and games. Otello Corporation ASA was founded in 1995 and is based in Oslo, Norway. OTELLO CORP operates under Advertising Agencies classification in Norway and is traded on Oslo Stock Exchange. It employs 607 people.
Otello ASA Stock Technical Analysis
Otello 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
Otello ASA Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Otello 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.
Otello ASA November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Otello 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 Otello ASA shares will generate the highest return on investment. By undertsting and applying Otello ASA stock market strength indicators, traders can identify Otello ASA entry and exit signals to maximize returns
Otello ASA Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Otello ASA's price direction in advance. Along with the technical and fundamental analysis of Otello Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Otello 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 | (0.08) | |||
Total Risk Alpha | (0.23) | |||
Treynor Ratio | (0.13) |
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Other Information on Investing in Otello Stock
Otello ASA financial ratios help investors to determine whether Otello 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 Otello with respect to the benefits of owning Otello ASA security.