REC Silicon (Norway) Price on May 31, 2024
RECSI Stock | NOK 4.13 0.28 6.35% |
If you're considering investing in REC Stock, it is important to understand the factors that can impact its price. As of today, the current price of REC Silicon stands at 4.13, as last reported on the 26th of November, with the highest price reaching 4.46 and the lowest price hitting 4.13 during the day. REC Silicon ASA retains Efficiency (Sharpe Ratio) of -0.0477, which implies the firm had a -0.0477% return per unit of risk over the last 3 months. REC Silicon exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check REC Silicon's market risk adjusted performance of (0.21), and Coefficient Of Variation of (2,678) to confirm the risk estimate we provide.
REC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
REC |
Sharpe Ratio = -0.0477
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Estimated Market Risk
8.48 actual daily | 75 75% of assets are less volatile |
Expected Return
-0.4 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 REC Silicon 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 REC Silicon by adding REC Silicon to a well-diversified portfolio.
REC Silicon Valuation on May 31, 2024
It is possible to determine the worth of REC Silicon on a given historical date. On May 31, 2024 REC was worth 9.65 at the beginning of the trading date compared to the closed value of 9.54. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of REC Silicon stock. Still, in general, we apply an absolute valuation method to find REC Silicon'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 REC Silicon where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against REC Silicon's related companies.
Open | High | Low | Close | Volume | |
9.20 | 9.50 | 9.20 | 9.50 | 1,232,963 | |
05/31/2024 | 9.65 | 9.65 | 9.37 | 9.54 | 1,940,706 |
9.50 | 9.61 | 9.40 | 9.40 | 1,049,852 |
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REC Silicon Trading Date Momentum on May 31, 2024
On June 03 2024 REC Silicon ASA was traded for 9.40 at the closing time. The highest price during the trading period was 9.61 and the lowest recorded bid was listed for 9.40 . The volume for the day was 1 M. This history from June 3, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 1.47% . The trading delta at closing time to the current price is 3.98% . |
REC Silicon ASA Fundamentals Correlations and Trends
By evaluating REC Silicon'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 REC Silicon's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. REC financial account trend analysis is a perfect complement when working with valuation or volatility modules.About REC Silicon Stock history
REC Silicon 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 REC is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in REC Silicon 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 REC Silicon stock prices may prove useful in developing a viable investing in REC Silicon
REC Silicon ASA, together with its subsidiaries, produces and sells silicon materials for the solar and electronics industries worldwide. REC Silicon ASA was founded in 1996 and is headquartered in Lysaker, Norway. REC SILICON operates under Semiconductor Equipment Materials classification in Norway and is traded on Oslo Stock Exchange. It employs 281 people.
REC Silicon Stock Technical Analysis
REC Silicon 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
REC Silicon Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
REC Silicon 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.
REC Silicon November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how REC Silicon stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading REC Silicon shares will generate the highest return on investment. By undertsting and applying REC Silicon stock market strength indicators, traders can identify REC Silicon ASA entry and exit signals to maximize returns
REC Silicon Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for REC Silicon's price direction in advance. Along with the technical and fundamental analysis of REC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of REC 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 | (0.02) | |||
Jensen Alpha | (0.51) | |||
Total Risk Alpha | (1.64) | |||
Treynor Ratio | (0.22) |
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Other Information on Investing in REC Stock
REC Silicon financial ratios help investors to determine whether REC 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 REC with respect to the benefits of owning REC Silicon security.