Tomra Systems Asa Stock Price on August 9, 2024

TMRAF Stock  USD 13.00  0.07  0.54%   
If you're considering investing in Tomra Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Tomra Systems stands at 13.00, as last reported on the 27th of November, with the highest price reaching 13.00 and the lowest price hitting 13.00 during the day. Tomra Systems ASA owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0841, which indicates the firm had a -0.0841% return per unit of risk over the last 3 months. Tomra Systems ASA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tomra Systems' Coefficient Of Variation of (1,054), risk adjusted performance of (0.07), and Variance of 4.07 to confirm the risk estimate we provide.
  
Tomra Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0841

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Estimated Market Risk

 2.06
  actual daily
18
82% of assets are more volatile

Expected Return

 -0.17
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.08
  actual daily
0
Most of other assets perform better
Based on monthly moving average Tomra Systems 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 Tomra Systems by adding Tomra Systems to a well-diversified portfolio.

Tomra Systems Valuation on August 9, 2024

It is possible to determine the worth of Tomra Systems on a given historical date. On August 9, 2024 Tomra was worth 14.65 at the beginning of the trading date compared to the closed value of 14.65. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tomra Systems pink sheet. Still, in general, we apply an absolute valuation method to find Tomra Systems' 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 Tomra Systems where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tomra Systems' related companies.
 Open High Low Close Volume
  14.42    14.42    14.42    14.42    1.00  
08/09/2024
  14.65    14.65    14.65    14.65    100.00  
  14.65    14.65    14.65    14.65    1.00  
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Open Value
14.65
14.65
Closing Value
20.82
Upside

Tomra Systems Trading Date Momentum on August 9, 2024

On August 12 2024 Tomra Systems ASA was traded for  14.65  at the closing time. The highest daily price throughout the period was 14.65  and the lowest price was  14.65 . There was no trading activity during the period 1.0. Lack of trading volume on 08/12/2024 did not result in any price rise and fall. The trading price change to current closing price is 0.14% .

Tomra Systems ASA Fundamentals Correlations and Trends

By evaluating Tomra Systems' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Tomra Systems' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tomra financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Tomra Systems Pink Sheet history

Tomra Systems 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 Tomra is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tomra Systems 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 Tomra Systems stock prices may prove useful in developing a viable investing in Tomra Systems
Tomra Systems ASA provides sensor-based solutions for optimal resource productivity worldwide. The company was founded in 1972 and is headquartered in Asker, Norway. TOMRA SYSTEMS operates under Waste Management classification in the United States and is traded on OTC Exchange. It employs 4600 people.

Tomra Systems Pink Sheet Technical Analysis

Tomra Systems technical pink sheet 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, pink sheet market cycles, or different charting patterns.
A focus of Tomra Systems technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Tomra Systems trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Tomra Systems Period Price Range

Low
November 27, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

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Tomra Systems November 27, 2024 Market Strength

Market strength indicators help investors to evaluate how Tomra Systems pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tomra Systems shares will generate the highest return on investment. By undertsting and applying Tomra Systems pink sheet market strength indicators, traders can identify Tomra Systems ASA entry and exit signals to maximize returns

Tomra Systems Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Tomra Systems' price direction in advance. Along with the technical and fundamental analysis of Tomra Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tomra 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.

Complementary Tools for Tomra Pink Sheet analysis

When running Tomra Systems' price analysis, check to measure Tomra Systems' 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 Tomra Systems is operating at the current time. Most of Tomra Systems' value examination focuses on studying past and present price action to predict the probability of Tomra Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tomra Systems' price. Additionally, you may evaluate how the addition of Tomra Systems to your portfolios can decrease your overall portfolio volatility.
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