Romerike Sparebank (Norway) Price on May 3, 2024
| ROMER Stock | 125.80 0.06 0.05% |
If you're considering investing in Romerike Stock, it is important to understand the factors that can impact its price. As of today, the current price of Romerike Sparebank stands at 125.80, as last reported on the 30th of November, with the highest price reaching 125.80 and the lowest price hitting 125.80 during the day. As of now, Romerike Stock is very steady. Romerike Sparebank maintains Sharpe Ratio (i.e., Efficiency) of 0.015, which implies the firm had a 0.015% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Romerike Sparebank, which you can use to evaluate the volatility of the company. Please check Romerike Sparebank's Coefficient Of Variation of 1666.43, semi deviation of 0.7887, and Risk Adjusted Performance of 0.0488 to confirm if the risk estimate we provide is consistent with the expected return of 0.0151%.
Romerike Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Romerike |
Sharpe Ratio = 0.015
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| Negative Returns | ROMER |
Estimated Market Risk
| 1.01 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Romerike Sparebank is performing at about 1% 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 Romerike Sparebank by adding it to a well-diversified portfolio.
Romerike Sparebank Valuation on May 3, 2024
It is possible to determine the worth of Romerike Sparebank on a given historical date. On May 3, 2024 Romerike was worth 119.48 at the beginning of the trading date compared to the closed value of 117.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Romerike Sparebank stock. Still, in general, we apply an absolute valuation method to find Romerike Sparebank'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 Romerike Sparebank where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Romerike Sparebank's related companies.
| Open | High | Low | Close | Volume | |
| 117.70 | 117.70 | 117.12 | 117.12 | 603.00 | |
05/03/2024 | 119.48 | 119.48 | 117.10 | 117.10 | 739.00 |
| 117.12 | 117.90 | 117.10 | 117.90 | 1,562 |
| Backtest Romerike Sparebank | | | Romerike Sparebank History | | | Romerike Sparebank Valuation | Previous | Next |
Romerike Sparebank Trading Date Momentum on May 3, 2024
| On May 06 2024 Romerike Sparebank was traded for 117.90 at the closing time. The highest price during the trading period was 117.90 and the lowest recorded bid was listed for 117.10 . The volume for the day was 1.6 K. This history from May 6, 2024 contributed to the next trading day price boost. The trading delta at closing time to the next closing price was 0.68% . The trading delta at closing time to the current price is 0.02% . |
Romerike Sparebank Fundamentals Correlations and Trends
By evaluating Romerike Sparebank'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 Romerike Sparebank's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Romerike financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Romerike Sparebank Stock history
Romerike Sparebank 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 Romerike is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Romerike Sparebank 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 Romerike Sparebank stock prices may prove useful in developing a viable investing in Romerike Sparebank
Romerike Sparebank Stock Technical Analysis
Romerike Sparebank 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
Romerike Sparebank Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Romerike Sparebank 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.
Romerike Sparebank November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Romerike Sparebank stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Romerike Sparebank shares will generate the highest return on investment. By undertsting and applying Romerike Sparebank stock market strength indicators, traders can identify Romerike Sparebank entry and exit signals to maximize returns
Romerike Sparebank Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Romerike Sparebank's price direction in advance. Along with the technical and fundamental analysis of Romerike Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Romerike 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 | 0.0488 | |||
| Jensen Alpha | 0.0398 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.4678 |
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Other Information on Investing in Romerike Stock
Romerike Sparebank financial ratios help investors to determine whether Romerike 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 Romerike with respect to the benefits of owning Romerike Sparebank security.