TGS NOPEC (Norway) Price on October 28, 2024
| TGS Stock | NOK 108.00 1.10 1.01% |
If you're considering investing in TGS Stock, it is important to understand the factors that can impact its price. As of today, the current price of TGS NOPEC stands at 108.00, as last reported on the 30th of November, with the highest price reaching 109.10 and the lowest price hitting 106.30 during the day. TGS NOPEC Geophysical owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0322, which indicates the firm had a -0.0322% return per unit of standard deviation over the last 3 months. TGS NOPEC Geophysical exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TGS NOPEC's risk adjusted performance of (0.03), and Variance of 6.35 to confirm the risk estimate we provide.
TGS Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
TGS |
Sharpe Ratio = -0.0322
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Estimated Market Risk
| 2.5 actual daily | 22 78% of assets are more volatile |
Expected Return
| -0.08 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average TGS NOPEC 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 TGS NOPEC by adding TGS NOPEC to a well-diversified portfolio.
TGS NOPEC Valuation on October 28, 2024
It is possible to determine the worth of TGS NOPEC on a given historical date. On October 28, 2024 TGS was worth 103.23 at the beginning of the trading date compared to the closed value of 103.92. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of TGS NOPEC stock. Still, in general, we apply an absolute valuation method to find TGS NOPEC'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 TGS NOPEC where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against TGS NOPEC's related companies.
| Open | High | Low | Close | Volume | |
| 99.98 | 104.42 | 99.59 | 104.42 | 552,792 | |
10/28/2024 | 103.23 | 104.81 | 102.45 | 103.92 | 704,673 |
| 104.12 | 104.81 | 100.87 | 100.87 | 529,008 |
| Backtest TGS NOPEC | | | TGS NOPEC History | | | TGS NOPEC Valuation | Previous | Next |
TGS NOPEC Trading Date Momentum on October 28, 2024
| On October 29 2024 TGS NOPEC Geophysical was traded for 100.87 at the closing time. The maximum traded price for the trading interval was 104.81 and the lowest daily price was 100.87 . The daily volume was recorded at 529 K. The volume of trading on 29th of October 2024 played a part in the next trading day price drop. The trading price change to the next closing price was 2.93% . The trading price change to the closing price today is 4.49% . |
TGS NOPEC Geophysical Fundamentals Correlations and Trends
By evaluating TGS NOPEC'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 TGS NOPEC's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. TGS financial account trend analysis is a perfect complement when working with valuation or volatility modules.About TGS NOPEC Stock history
TGS NOPEC 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 TGS is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in TGS NOPEC Geophysical 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 TGS NOPEC stock prices may prove useful in developing a viable investing in TGS NOPEC
TGS-NOPEC Geophysical Company ASA provides geoscientific data products and services to the oil and gas industry worldwide. TGS-NOPEC Geophysical Company ASA was founded in 1981 and is headquartered in Asker, Norway. TGS NOPEC operates under Oil Gas Equipment Services classification in Norway and is traded on Oslo Stock Exchange. It employs 547 people.
TGS NOPEC Stock Technical Analysis
TGS NOPEC 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
TGS NOPEC Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
TGS NOPEC Geophysical 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.
TGS NOPEC November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how TGS NOPEC stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading TGS NOPEC shares will generate the highest return on investment. By undertsting and applying TGS NOPEC stock market strength indicators, traders can identify TGS NOPEC Geophysical entry and exit signals to maximize returns
TGS NOPEC Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for TGS NOPEC's price direction in advance. Along with the technical and fundamental analysis of TGS Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of TGS 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 | (0.03) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (6.27) |
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Other Information on Investing in TGS Stock
TGS NOPEC financial ratios help investors to determine whether TGS 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 TGS with respect to the benefits of owning TGS NOPEC security.