SmartCraft ASA (Norway) Price on August 7, 2024
| SMCRT Stock | 28.30 0.20 0.70% |
If you're considering investing in SmartCraft Stock, it is important to understand the factors that can impact its price. As of today, the current price of SmartCraft ASA stands at 28.30, as last reported on the 2nd of December, with the highest price reaching 28.90 and the lowest price hitting 28.30 during the day. SmartCraft ASA owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0433, which indicates the firm had a -0.0433% return per unit of risk over the last 3 months. SmartCraft ASA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SmartCraft ASA's Variance of 6.99, coefficient of variation of (2,557), and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide.
SmartCraft Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
SmartCraft |
Sharpe Ratio = -0.0433
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Estimated Market Risk
| 2.66 actual daily | 23 77% of assets are more volatile |
Expected Return
| -0.12 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average SmartCraft ASA 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 SmartCraft ASA by adding SmartCraft ASA to a well-diversified portfolio.
SmartCraft ASA Valuation on August 7, 2024
It is possible to determine the worth of SmartCraft ASA on a given historical date. On August 7, 2024 SmartCraft was worth 29.7 at the beginning of the trading date compared to the closed value of 29.2. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of SmartCraft ASA stock. Still, in general, we apply an absolute valuation method to find SmartCraft ASA'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 SmartCraft ASA where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against SmartCraft ASA's related companies.
| Open | High | Low | Close | Volume | |
| 29.20 | 29.70 | 29.10 | 29.70 | 202,868 | |
08/07/2024 | 29.70 | 29.80 | 29.20 | 29.20 | 3,715 |
| 29.70 | 29.90 | 29.70 | 29.90 | 5,488 |
| Backtest SmartCraft ASA | | | SmartCraft ASA History | Previous | Next |
SmartCraft ASA Trading Date Momentum on August 7, 2024
| On August 08 2024 SmartCraft ASA was traded for 29.90 at the closing time. The highest price during the trading period was 29.90 and the lowest recorded bid was listed for 29.70 . The volume for the day was 5.5 K. This history from August 8, 2024 contributed to the next trading day price boost. The trading price change to the next closing price was 2.40% . The trading price change to the current price is 0.34% . |
Price Boundaries
SmartCraft ASA Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
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SmartCraft ASA December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how SmartCraft ASA stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SmartCraft ASA shares will generate the highest return on investment. By undertsting and applying SmartCraft ASA stock market strength indicators, traders can identify SmartCraft ASA entry and exit signals to maximize returns
SmartCraft ASA Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for SmartCraft ASA's price direction in advance. Along with the technical and fundamental analysis of SmartCraft Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of SmartCraft 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.