Solstad Offshore (Germany) Price on May 3, 2024
| SZL Stock | 3.65 0.13 3.69% |
If you're considering investing in Solstad Stock, it is important to understand the factors that can impact its price. As of today, the current price of Solstad Offshore stands at 3.65, as last reported on the 27th of November, with the highest price reaching 3.76 and the lowest price hitting 3.52 during the day. Solstad Offshore appears to be unstable, given 3 months investment horizon. Solstad Offshore ASA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0667, which indicates the firm had a 0.0667% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Solstad Offshore ASA, which you can use to evaluate the volatility of the company. Please review Solstad Offshore's Coefficient Of Variation of 3222.73, semi deviation of 2.43, and Risk Adjusted Performance of 0.0317 to confirm if our risk estimates are consistent with your expectations.
Solstad Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Solstad |
Sharpe Ratio = 0.0667
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Estimated Market Risk
| 3.89 actual daily | 34 66% of assets are more volatile |
Expected Return
| 0.26 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Solstad Offshore is performing at about 5% 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 Solstad Offshore by adding it to a well-diversified portfolio.
Solstad Offshore Valuation on May 3, 2024
It is possible to determine the worth of Solstad Offshore on a given historical date. On May 3, 2024 Solstad was worth 3.65 at the beginning of the trading date compared to the closed value of 3.87. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Solstad Offshore stock. Still, in general, we apply an absolute valuation method to find Solstad Offshore'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 Solstad Offshore where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Solstad Offshore's related companies.
| Open | High | Low | Close | Volume | |
| 3.57 | 3.64 | 3.50 | 3.64 | 1.00 | |
05/03/2024 | 3.65 | 3.88 | 3.65 | 3.87 | 1.00 |
| 3.85 | 3.92 | 3.85 | 3.87 | 1.00 |
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Solstad Offshore Trading Date Momentum on May 3, 2024
| On May 06 2024 Solstad Offshore ASA was traded for 3.87 at the closing time. The highest price during the trading period was 3.92 and the lowest recorded bid was listed for 3.85 . There was no trading activity during the period 1.0. Lack of trading volume on May 6, 2024 did not result in any price rise and fall. The trading price change to the current price is 5.68% . |
Solstad Offshore ASA Fundamentals Correlations and Trends
By evaluating Solstad Offshore'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 Solstad Offshore's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Solstad financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Solstad Offshore Stock history
Solstad Offshore 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 Solstad is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Solstad Offshore 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 Solstad Offshore stock prices may prove useful in developing a viable investing in Solstad Offshore
Solstad Offshore Stock Technical Analysis
Solstad Offshore 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
Solstad Offshore Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Solstad Offshore ASA cannot be verified against its exchange. Please verify the symbol is currently traded on Stuttgart 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.
Solstad Offshore November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Solstad Offshore stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Solstad Offshore shares will generate the highest return on investment. By undertsting and applying Solstad Offshore stock market strength indicators, traders can identify Solstad Offshore ASA entry and exit signals to maximize returns
Solstad Offshore Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Solstad Offshore's price direction in advance. Along with the technical and fundamental analysis of Solstad Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Solstad 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 | 0.0317 | |||
| Jensen Alpha | 0.0447 | |||
| Total Risk Alpha | (0.49) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.2007 |
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Additional Tools for Solstad Stock Analysis
When running Solstad Offshore's price analysis, check to measure Solstad Offshore's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Solstad Offshore is operating at the current time. Most of Solstad Offshore's value examination focuses on studying past and present price action to predict the probability of Solstad Offshore's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Solstad Offshore's price. Additionally, you may evaluate how the addition of Solstad Offshore to your portfolios can decrease your overall portfolio volatility.