Rana Gruber (Norway) Price on November 14, 2024
| RANA Stock | NOK 75.90 0.10 0.13% |
If you're considering investing in Rana Stock, it is important to understand the factors that can impact its price. As of today, the current price of Rana Gruber stands at 75.90, as last reported on the 11th of December 2024, with the highest price reaching 76.50 and the lowest price hitting 75.60 during the day. Rana Gruber appears to be very steady, given 3 months investment horizon. Rana Gruber AS maintains Sharpe Ratio (i.e., Efficiency) of 0.22, which implies the firm had a 0.22% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Rana Gruber AS, which you can use to evaluate the volatility of the company. Please evaluate Rana Gruber's Coefficient Of Variation of 454.19, risk adjusted performance of 0.1637, and Semi Deviation of 0.9978 to confirm if our risk estimates are consistent with your expectations.
Rana Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Rana |
Sharpe Ratio = 0.2152
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Estimated Market Risk
| 1.36 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.29 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.22 actual daily | 16 84% of assets perform better |
Based on monthly moving average Rana Gruber is performing at about 16% 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 Rana Gruber by adding it to a well-diversified portfolio.
Rana Gruber Valuation on November 14, 2024
It is possible to determine the worth of Rana Gruber on a given historical date. On November 14, 2024 Rana was worth 74.87 at the beginning of the trading date compared to the closed value of 75.85. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Rana Gruber stock. Still, in general, we apply an absolute valuation method to find Rana Gruber'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 Rana Gruber where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Rana Gruber's related companies.
| Open | High | Low | Close | Volume | |
| 77.42 | 77.42 | 70.55 | 74.87 | 326,101 | |
11/14/2024 | 74.87 | 76.44 | 74.08 | 75.85 | 105,853 |
| 76.80 | 76.80 | 73.60 | 74.10 | 91,656 |
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Rana Gruber Trading Date Momentum on November 14, 2024
| On November 15 2024 Rana Gruber AS was traded for 74.10 at the closing time. The highest price during the trading period was 76.80 and the lowest recorded bid was listed for 73.60 . The volume for the day was 91.7 K. This history from November 15, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 2.31% . The trading delta at closing time to the current price is 0.46% . |
Rana Gruber AS Fundamentals Correlations and Trends
By evaluating Rana Gruber'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 Rana Gruber's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Rana financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Rana Gruber Stock history
Rana Gruber 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 Rana is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Rana Gruber 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 Rana Gruber stock prices may prove useful in developing a viable investing in Rana Gruber
Rana Gruber AS engages in the mining, production, and sale of iron ore concentrate primarily to steel producers and the chemical industry. Rana Gruber AS was founded in 1937 and is headquartered in Mo i Rana, Norway. RANA GRUBER operates under Other Industrial Metals Mining classification in Norway and is traded on Oslo Stock Exchange. It employs 300 people.
Rana Gruber Stock Technical Analysis
Rana Gruber 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
Rana Gruber Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Rana Gruber 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.
Rana Gruber December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Rana Gruber stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Rana Gruber shares will generate the highest return on investment. By undertsting and applying Rana Gruber stock market strength indicators, traders can identify Rana Gruber AS entry and exit signals to maximize returns
Rana Gruber Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Rana Gruber's price direction in advance. Along with the technical and fundamental analysis of Rana Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Rana 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 | 0.1637 | |||
| Jensen Alpha | 0.2152 | |||
| Total Risk Alpha | 0.0731 | |||
| Sortino Ratio | 0.1219 | |||
| Treynor Ratio | 0.4601 |
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Other Information on Investing in Rana Stock
Rana Gruber financial ratios help investors to determine whether Rana 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 Rana with respect to the benefits of owning Rana Gruber security.