River Tech (Norway) Price on July 17, 2023
RIVER Stock | NOK 19.20 2.30 13.61% |
If you're considering investing in River Stock, it is important to understand the factors that can impact its price. As of today, the current price of River Tech stands at 19.20, as last reported on the 30th of November, with the highest price reaching 19.20 and the lowest price hitting 15.90 during the day. River Tech plc maintains Sharpe Ratio (i.e., Efficiency) of -0.0685, which implies the firm had a -0.0685% return per unit of risk over the last 3 months. River Tech plc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check River Tech's Coefficient Of Variation of (1,192), variance of 18.18, and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide.
River Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
River |
Sharpe Ratio = -0.0685
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Estimated Market Risk
4.26 actual daily | 37 63% of assets are more volatile |
Expected Return
-0.29 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average River Tech 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 River Tech by adding River Tech to a well-diversified portfolio.
River Tech Valuation on July 17, 2023
It is possible to determine the worth of River Tech on a given historical date. On July 17, 2023 River was worth 36.58 at the beginning of the trading date compared to the closed value of 37.76. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of River Tech stock. Still, in general, we apply an absolute valuation method to find River Tech'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 River Tech where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against River Tech's related companies.
Open | High | Low | Close | Volume | |
34.42 | 36.19 | 32.65 | 36.19 | 23,336 | |
07/17/2023 | 36.58 | 37.76 | 36.38 | 37.76 | 1,288 |
34.42 | 36.38 | 34.22 | 35.60 | 3,182 |
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River Tech Trading Date Momentum on July 17, 2023
On July 18 2023 River Tech plc was traded for 35.60 at the closing time. The highest price during the trading period was 36.38 and the lowest recorded bid was listed for 34.22 . The volume for the day was 3.2 K. This history from July 18, 2023 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 5.72% . The trading delta at closing time to the current price is 6.78% . |
River Tech plc Fundamentals Correlations and Trends
By evaluating River Tech'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 River Tech's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. River financial account trend analysis is a perfect complement when working with valuation or volatility modules.About River Tech Stock history
River Tech 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 River is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in River Tech plc 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 River Tech stock prices may prove useful in developing a viable investing in River Tech
River Tech p.l.c., a technology company, provides software solution services. The company was incorporated in 2017 and is based in St Julians, Malta. RIVER TECH is traded on Oslo Stock Exchange in Norway.
River Tech Stock Technical Analysis
River Tech 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
River Tech Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
River Tech plc 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.
River Tech November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how River Tech stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading River Tech shares will generate the highest return on investment. By undertsting and applying River Tech stock market strength indicators, traders can identify River Tech plc entry and exit signals to maximize returns
River Tech Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for River Tech's price direction in advance. Along with the technical and fundamental analysis of River Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of River 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 | (0.06) | |||
Jensen Alpha | (0.36) | |||
Total Risk Alpha | (1.08) | |||
Treynor Ratio | 8.11 |
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Other Information on Investing in River Stock
River Tech financial ratios help investors to determine whether River 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 River with respect to the benefits of owning River Tech security.