Salmon Evolution (Norway) Price on May 31, 2023
| SALME Stock | NOK 6.83 0.27 4.12% |
If you're considering investing in Salmon Stock, it is important to understand the factors that can impact its price. As of today, the current price of Salmon Evolution stands at 6.83, as last reported on the 23rd of November, with the highest price reaching 6.84 and the lowest price hitting 6.53 during the day. As of now, Salmon Stock is not too volatile. Salmon Evolution Holding owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0059, which indicates the firm had a 0.0059% return per unit of risk over the last 3 months. We have found thirty technical indicators for Salmon Evolution Holding, which you can use to evaluate the volatility of the company. Please validate Salmon Evolution's Semi Deviation of 1.39, coefficient of variation of 1109196.7, and Risk Adjusted Performance of 0.005 to confirm if the risk estimate we provide is consistent with the expected return of 0.009%.
Salmon Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Salmon |
Sharpe Ratio = 0.0059
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | SALME |
Estimated Market Risk
| 1.51 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Salmon Evolution 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 Salmon Evolution by adding Salmon Evolution to a well-diversified portfolio.
Salmon Evolution Valuation on May 31, 2023
It is possible to determine the worth of Salmon Evolution on a given historical date. On May 31, 2023 Salmon was worth 7.08 at the beginning of the trading date compared to the closed value of 7.22. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Salmon Evolution stock. Still, in general, we apply an absolute valuation method to find Salmon Evolution'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 Salmon Evolution where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Salmon Evolution's related companies.
| Open | High | Low | Close | Volume | |
| 7.28 | 7.28 | 7.07 | 7.10 | 518,805 | |
05/31/2023 | 7.08 | 7.27 | 7.01 | 7.22 | 591,175 |
| 7.19 | 7.28 | 7.06 | 7.09 | 666,042 |
| Backtest Salmon Evolution | | | Salmon Evolution History | | | Salmon Evolution Valuation | Previous | Next |
Salmon Evolution Trading Date Momentum on May 31, 2023
| On June 01 2023 Salmon Evolution Holding was traded for 7.09 at the closing time. The highest price during the trading period was 7.28 and the lowest recorded bid was listed for 7.06 . The volume for the day was 666 K. This history from June 1, 2023 contributed to the next trading day price decline. The trading price change to the next closing price was 1.80% . The trading price change to the current price is 5.82% . |
Salmon Evolution Holding Fundamentals Correlations and Trends
By evaluating Salmon Evolution'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 Salmon Evolution's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Salmon financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Salmon Evolution Stock history
Salmon Evolution 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 Salmon is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Salmon Evolution Holding 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 Salmon Evolution stock prices may prove useful in developing a viable investing in Salmon Evolution
Salmon Evolution Holding AS operates as a land-based salmon farming company in Norway. The company was founded in 2017 and is headquartered in Molde, Norway. SALMON EVOLUT is traded on Oslo Stock Exchange in Norway.
Salmon Evolution Stock Technical Analysis
Salmon Evolution 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
Salmon Evolution Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
Salmon Evolution Holding 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.
Salmon Evolution November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Salmon Evolution stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Salmon Evolution shares will generate the highest return on investment. By undertsting and applying Salmon Evolution stock market strength indicators, traders can identify Salmon Evolution Holding entry and exit signals to maximize returns
Salmon Evolution Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Salmon Evolution's price direction in advance. Along with the technical and fundamental analysis of Salmon Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Salmon 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 | 0.005 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | (0.04) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Salmon Stock
Salmon Evolution financial ratios help investors to determine whether Salmon 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 Salmon with respect to the benefits of owning Salmon Evolution security.