Techstep ASA (Norway) Price on August 19, 2024
| TECH Stock | NOK 12.10 0.90 8.04% |
If you're considering investing in Techstep Stock, it is important to understand the factors that can impact its price. As of today, the current price of Techstep ASA stands at 12.10, as last reported on the 30th of November, with the highest price reaching 12.10 and the lowest price hitting 11.15 during the day. As of now, Techstep Stock is somewhat reliable. Techstep ASA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0215, which indicates the firm had a 0.0215% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Techstep ASA, which you can use to evaluate the volatility of the company. Please validate Techstep ASA's Semi Deviation of 2.43, risk adjusted performance of 0.0379, and Coefficient Of Variation of 2526.12 to confirm if the risk estimate we provide is consistent with the expected return of 0.0686%.
Techstep Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Techstep |
Sharpe Ratio = 0.0215
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Estimated Market Risk
| 3.19 actual daily | 28 72% of assets are more volatile |
Expected Return
| 0.07 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Techstep ASA 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 Techstep ASA by adding it to a well-diversified portfolio.
Techstep ASA Valuation on August 19, 2024
It is possible to determine the worth of Techstep ASA on a given historical date. On August 19, 2024 Techstep was worth 12.0 at the beginning of the trading date compared to the closed value of 12.3. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Techstep ASA stock. Still, in general, we apply an absolute valuation method to find Techstep 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 Techstep ASA where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Techstep ASA's related companies.
| Open | High | Low | Close | Volume | |
| 12.00 | 12.15 | 11.55 | 11.85 | 45,998 | |
08/19/2024 | 12.00 | 12.45 | 11.75 | 12.30 | 124,371 |
| 12.30 | 12.30 | 11.90 | 12.00 | 25,260 |
| Backtest Techstep ASA | | | Techstep ASA History | | | Techstep ASA Valuation | Previous | Next |
Techstep ASA Trading Date Momentum on August 19, 2024
| On August 20 2024 Techstep ASA was traded for 12.00 at the closing time. The highest price during the trading period was 12.30 and the lowest recorded bid was listed for 11.90 . The volume for the day was 25.3 K. This history from August 20, 2024 contributed to the next trading day price decline. The trading price change to the next closing price was 2.44% . The trading price change to the current price is 5.28% . |
Techstep ASA Fundamentals Correlations and Trends
By evaluating Techstep 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 Techstep ASA's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Techstep financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Techstep ASA Stock history
Techstep 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 Techstep is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Techstep 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 Techstep ASA stock prices may prove useful in developing a viable investing in Techstep ASA
Techstep ASA provides digital workplace services in Norway and Sweden. The company also provides industry-leading cloud-based PBX solutions and enterprise mobility management services, including mobile security, system design, implementation, and mobile device management services. TECHSTEP ASA operates under Internet And Networking Services classification in Norway and is traded on Oslo Stock Exchange. It employs 223 people.
Techstep ASA Stock Technical Analysis
Techstep 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
Techstep ASA Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Techstep 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.
Techstep ASA November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Techstep 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 Techstep ASA shares will generate the highest return on investment. By undertsting and applying Techstep ASA stock market strength indicators, traders can identify Techstep ASA entry and exit signals to maximize returns
Techstep ASA Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Techstep ASA's price direction in advance. Along with the technical and fundamental analysis of Techstep Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Techstep 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 | 0.0379 | |||
| Jensen Alpha | 0.0765 | |||
| Total Risk Alpha | (0.42) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.37 |
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Other Information on Investing in Techstep Stock
Techstep ASA financial ratios help investors to determine whether Techstep 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 Techstep with respect to the benefits of owning Techstep ASA security.