Var Energi (Norway) Price on November 29, 2024
| VAR Stock | 36.19 0.41 1.12% |
If you're considering investing in Var Stock, it is important to understand the factors that can impact its price. As of today, the current price of Var Energi stands at 36.19, as last reported on the 4th of December, with the highest price reaching 36.92 and the lowest price hitting 36.19 during the day. As of now, Var Stock is very steady. Var Energi ASA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Var Energi ASA, which you can use to evaluate the volatility of the company. Please validate Var Energi's Risk Adjusted Performance of 0.096, coefficient of variation of 845.72, and Semi Deviation of 1.54 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%.
Var Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Var |
Sharpe Ratio = 0.1054
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Estimated Market Risk
| 1.82 actual daily | 16 84% of assets are more volatile |
Expected Return
| 0.19 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Var Energi is performing at about 8% 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 Var Energi by adding it to a well-diversified portfolio.
Var Energi Valuation on November 29, 2024
It is possible to determine the worth of Var Energi on a given historical date. On November 29, 2024 Var was worth 36.15 at the beginning of the trading date compared to the closed value of 36.26. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Var Energi stock. Still, in general, we apply an absolute valuation method to find Var Energi'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 Var Energi where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Var Energi's related companies.
| Open | High | Low | Close | Volume | |
| 36.35 | 36.80 | 36.30 | 36.38 | 1,686,798 | |
11/29/2024 | 36.15 | 36.40 | 35.95 | 36.26 | 2,431,304 |
| 36.10 | 36.63 | 35.97 | 36.10 | 3,414,875 |
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Var Energi Trading Date Momentum on November 29, 2024
| On December 02 2024 Var Energi ASA was traded for 36.10 at the closing time. The maximum traded price for the trading interval was 36.63 and the lowest daily price was 35.97 . The daily volume was recorded at 3.4 M. The volume of trading on 2nd of December 2024 played a part in the next trading day price drop. The trading price change to the next closing price was 0.44% . The trading price change to the closing price today is 1.38% . |
Var Energi ASA Fundamentals Correlations and Trends
By evaluating Var Energi'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 Var Energi's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Var financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Var Energi Stock history
Var Energi 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 Var is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Var Energi 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 Var Energi stock prices may prove useful in developing a viable investing in Var Energi
Var Energi Stock Technical Analysis
Var Energi 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
Var Energi Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Var Energi 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.
Var Energi December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Var Energi stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Var Energi shares will generate the highest return on investment. By undertsting and applying Var Energi stock market strength indicators, traders can identify Var Energi ASA entry and exit signals to maximize returns
Var Energi Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Var Energi's price direction in advance. Along with the technical and fundamental analysis of Var Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Var 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 | 0.096 | |||
| Jensen Alpha | 0.2017 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0576 | |||
| Treynor Ratio | 8.65 |
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Other Information on Investing in Var Stock
Var Energi financial ratios help investors to determine whether Var 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 Var with respect to the benefits of owning Var Energi security.