Polight ASA (Norway) Price on November 6, 2023
| PLT Stock | 4.25 0.09 2.16% |
If you're considering investing in Polight Stock, it is important to understand the factors that can impact its price. As of today, the current price of Polight ASA stands at 4.25, as last reported on the 1st of December, with the highest price reaching 4.25 and the lowest price hitting 3.73 during the day. As of now, Polight Stock is unstable. Polight ASA maintains Sharpe Ratio (i.e., Efficiency) of 0.0425, which implies the firm had a 0.0425% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Polight ASA, which you can use to evaluate the volatility of the company. Please check Polight ASA's Risk Adjusted Performance of 0.0059, coefficient of variation of (33,089), and Variance of 17.75 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%.
Polight Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Polight |
Sharpe Ratio = 0.0425
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Estimated Market Risk
| 3.94 actual daily | 35 65% of assets are more volatile |
Expected Return
| 0.17 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Polight ASA is performing at about 3% 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 Polight ASA by adding it to a well-diversified portfolio.
Polight ASA Valuation on November 6, 2023
It is possible to determine the worth of Polight ASA on a given historical date. On November 6, 2023 Polight was worth 10.7 at the beginning of the trading date compared to the closed value of 10.28. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Polight ASA stock. Still, in general, we apply an absolute valuation method to find Polight 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 Polight ASA where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Polight ASA's related companies.
| Open | High | Low | Close | Volume | |
| 10.50 | 10.74 | 10.20 | 10.42 | 201,957 | |
11/06/2023 | 10.70 | 10.70 | 10.24 | 10.28 | 162,394 |
| 10.40 | 10.66 | 10.16 | 10.24 | 148,708 |
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Polight ASA Trading Date Momentum on November 6, 2023
| On November 07 2023 Polight ASA was traded for 10.24 at the closing time. The maximum traded price for the trading interval was 10.66 and the lowest daily price was 10.16 . The daily volume was recorded at 148.7 K. The volume of trading on 7th of November 2023 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 0.39% . The trading delta at closing time to the closing price today is 16.15% . |
Polight ASA Fundamentals Correlations and Trends
By evaluating Polight 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 Polight ASA's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Polight financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Polight ASA Stock history
Polight 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 Polight is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Polight 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 Polight ASA stock prices may prove useful in developing a viable investing in Polight ASA
Polight ASA Stock Technical Analysis
Polight 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
Polight ASA Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Polight 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.
Polight ASA December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Polight 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 Polight ASA shares will generate the highest return on investment. By undertsting and applying Polight ASA stock market strength indicators, traders can identify Polight ASA entry and exit signals to maximize returns
Polight ASA Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Polight ASA's price direction in advance. Along with the technical and fundamental analysis of Polight Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Polight 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 | 0.0059 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.73) | |||
| Treynor Ratio | (0.09) |
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Other Information on Investing in Polight Stock
Polight ASA financial ratios help investors to determine whether Polight 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 Polight with respect to the benefits of owning Polight ASA security.