Storebrand ASA (Norway) Price on October 31, 2024
| STB Stock | NOK 123.80 0.50 0.41% |
If you're considering investing in Storebrand Stock, it is important to understand the factors that can impact its price. As of today, the current price of Storebrand ASA stands at 123.80, as last reported on the 26th of November, with the highest price reaching 124.30 and the lowest price hitting 122.80 during the day. As of now, Storebrand Stock is very steady. Storebrand ASA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Storebrand ASA, which you can use to evaluate the volatility of the company. Please validate Storebrand ASA's Risk Adjusted Performance of 0.1055, semi deviation of 1.09, and Coefficient Of Variation of 747.5 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%.
Storebrand Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Storebrand |
Sharpe Ratio = 0.1328
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Estimated Market Risk
| 1.14 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.15 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Storebrand ASA is performing at about 10% 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 Storebrand ASA by adding it to a well-diversified portfolio.
Storebrand ASA Valuation on October 31, 2024
It is possible to determine the worth of Storebrand ASA on a given historical date. On October 31, 2024 Storebrand was worth 125.9 at the beginning of the trading date compared to the closed value of 125.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Storebrand ASA stock. Still, in general, we apply an absolute valuation method to find Storebrand 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 Storebrand ASA where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Storebrand ASA's related companies.
| Open | High | Low | Close | Volume | |
| 127.80 | 128.10 | 126.50 | 126.50 | 767,732 | |
10/31/2024 | 125.90 | 126.60 | 125.10 | 125.10 | 921,917 |
| 125.10 | 126.90 | 125.00 | 126.90 | 623,359 |
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Storebrand ASA Trading Date Momentum on October 31, 2024
| On November 01 2024 Storebrand ASA was traded for 126.90 at the closing time. The maximum traded price for the trading interval was 126.90 and the lowest daily price was 125.00 . The daily volume was recorded at 623.4 K. The volume of trading on 1st of November 2024 played a part in the next trading day price upswing. The trading price change to the next closing price was 1.44% . The trading price change to the closing price today is 0.64% . |
Storebrand ASA Fundamentals Correlations and Trends
By evaluating Storebrand ASA'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 Storebrand ASA's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Storebrand financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Storebrand ASA Stock history
Storebrand ASA 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 Storebrand is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Storebrand 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 Storebrand ASA stock prices may prove useful in developing a viable investing in Storebrand ASA
Storebrand ASA, through its subsidiaries, primarily provides insurance products and services for private individuals, companies, municipalities, and public sector in Norway and Sweden. Storebrand ASA was founded in 1767 and is headquartered in Lysaker, Norway. STOREBRAND ASA operates under Insurance - General classification in Norway and is traded on Oslo Stock Exchange. It employs 1789 people.
Storebrand ASA Stock Technical Analysis
Storebrand ASA 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
Storebrand ASA Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Storebrand 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.
Storebrand ASA November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Storebrand 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 Storebrand ASA shares will generate the highest return on investment. By undertsting and applying Storebrand ASA stock market strength indicators, traders can identify Storebrand ASA entry and exit signals to maximize returns
Storebrand ASA Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Storebrand ASA's price direction in advance. Along with the technical and fundamental analysis of Storebrand Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Storebrand 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 | 0.1055 | |||
| Jensen Alpha | 0.098 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0178 | |||
| Treynor Ratio | 0.3866 |
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Other Information on Investing in Storebrand Stock
Storebrand ASA financial ratios help investors to determine whether Storebrand 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 Storebrand with respect to the benefits of owning Storebrand ASA security.