Reach Subsea (Norway) Price on October 21, 2024
| REACH Stock | NOK 9.18 0.28 3.15% |
If you're considering investing in Reach Stock, it is important to understand the factors that can impact its price. As of today, the current price of Reach Subsea stands at 9.18, as last reported on the 27th of November, with the highest price reaching 9.20 and the lowest price hitting 8.72 during the day. Reach Subsea appears to be somewhat reliable, given 3 months investment horizon. Reach Subsea maintains Sharpe Ratio (i.e., Efficiency) of 0.0752, which implies the firm had a 0.0752% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Reach Subsea, which you can use to evaluate the volatility of the company. Please evaluate Reach Subsea's Variance of 8.02, coefficient of variation of (20,500), and Risk Adjusted Performance of 0.0036 to confirm if our risk estimates are consistent with your expectations.
Reach Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Reach |
Sharpe Ratio = 0.0752
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Estimated Market Risk
| 2.66 actual daily | 23 77% of assets are more volatile |
Expected Return
| 0.2 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 5 95% of assets perform better |
Based on monthly moving average Reach Subsea is performing at about 5% 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 Reach Subsea by adding it to a well-diversified portfolio.
Reach Subsea Valuation on October 21, 2024
It is possible to determine the worth of Reach Subsea on a given historical date. On October 21, 2024 Reach was worth 9.0 at the beginning of the trading date compared to the closed value of 8.86. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Reach Subsea stock. Still, in general, we apply an absolute valuation method to find Reach Subsea'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 Reach Subsea where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Reach Subsea's related companies.
| Open | High | Low | Close | Volume | |
| 8.52 | 8.90 | 8.52 | 8.74 | 400,942 | |
10/21/2024 | 9.00 | 9.30 | 8.66 | 8.86 | 459,384 |
| 8.78 | 9.20 | 8.76 | 8.96 | 549,806 |
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Reach Subsea Trading Date Momentum on October 21, 2024
| On October 22 2024 Reach Subsea was traded for 8.96 at the closing time. The highest price during the trading period was 9.20 and the lowest recorded bid was listed for 8.76 . The volume for the day was 549.8 K. This history from October 22, 2024 contributed to the next trading day price boost. The trading delta at closing time to the next closing price was 1.13% . The trading delta at closing time to the current price is 2.71% . |
Reach Subsea Fundamentals Correlations and Trends
By evaluating Reach Subsea'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 Reach Subsea's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Reach financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Reach Subsea Stock history
Reach Subsea 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 Reach is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Reach Subsea 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 Reach Subsea stock prices may prove useful in developing a viable investing in Reach Subsea
The company offers inspection, maintenance, and repair services and remotely operated vehicles, survey, and construction services. Reach Subsea ASA was founded in 2008 and is based in Haugesund, Norway. REACH SUBSEA operates under Engineering And Technical Services classification in Norway and is traded on Oslo Stock Exchange. It employs 119 people.
Reach Subsea Stock Technical Analysis
Reach Subsea 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
Reach Subsea Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Reach Subsea 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.
Reach Subsea November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Reach Subsea stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Reach Subsea shares will generate the highest return on investment. By undertsting and applying Reach Subsea stock market strength indicators, traders can identify Reach Subsea entry and exit signals to maximize returns
Reach Subsea Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Reach Subsea's price direction in advance. Along with the technical and fundamental analysis of Reach Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Reach 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 | 0.0036 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (0.74) |
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Other Information on Investing in Reach Stock
Reach Subsea financial ratios help investors to determine whether Reach 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 Reach with respect to the benefits of owning Reach Subsea security.