Bewi Asa (Norway) Price on December 7, 2023
BEWI Stock | NOK 26.60 1.40 5.00% |
If you're considering investing in Bewi Stock, it is important to understand the factors that can impact its price. As of today, the current price of Bewi Asa stands at 26.60, as last reported on the 15th of December 2024, with the highest price reaching 28.00 and the lowest price hitting 26.10 during the day. Bewi Asa secures Sharpe Ratio (or Efficiency) of -0.015, which signifies that the company had a -0.015% return per unit of risk over the last 3 months. Bewi Asa exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bewi Asa's Mean Deviation of 2.07, standard deviation of 3.25, and Risk Adjusted Performance of (0.0007) to double-check the risk estimate we provide.
Bewi Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Bewi |
Sharpe Ratio = -0.015
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Estimated Market Risk
3.25 actual daily | 28 72% of assets are more volatile |
Expected Return
-0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Bewi Asa 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 Bewi Asa by adding Bewi Asa to a well-diversified portfolio.
Bewi Asa Valuation on December 7, 2023
It is possible to determine the worth of Bewi Asa on a given historical date. On December 7, 2023 Bewi was worth 24.45 at the beginning of the trading date compared to the closed value of 22.2. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Bewi Asa stock. Still, in general, we apply an absolute valuation method to find Bewi 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 Bewi Asa where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Bewi Asa's related companies.
Open | High | Low | Close | Volume | |
21.50 | 23.15 | 21.45 | 22.85 | 849,386 | |
12/07/2023 | 24.45 | 24.45 | 22.10 | 22.20 | 159,558 |
23.00 | 24.50 | 22.70 | 23.90 | 209,031 |
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Bewi Asa Trading Date Momentum on December 7, 2023
On December 08 2023 Bewi Asa was traded for 23.90 at the closing time. The highest price during the trading period was 24.50 and the lowest recorded bid was listed for 22.70 . The volume for the day was 209 K. This history from December 8, 2023 contributed to the next trading day price upswing. The overall trading delta to the next closing price was 7.66% . The overall trading delta to the current price is 23.87% . |
Bewi Asa Fundamentals Correlations and Trends
By evaluating Bewi 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 Bewi Asa's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Bewi financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Bewi Asa Stock history
Bewi 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 Bewi is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Bewi 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 Bewi Asa stock prices may prove useful in developing a viable investing in Bewi Asa
BEWi ASA produces, markets, and sells various custom-designed packaging solutions and insulation materials based on expandable polystyrene . The company was founded in 1980 and is based in Trondheim, Norway. BEWI ASA operates under Packaging Containers classification in Norway and is traded on Oslo Stock Exchange. It employs 1504 people.
Bewi Asa Stock Technical Analysis
Bewi 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
Bewi Asa Period Price Range
Low | December 15, 2024
| High |
0.00 | 0.00 |
Bewi 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.
Bewi Asa December 15, 2024 Market Strength
Market strength indicators help investors to evaluate how Bewi 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 Bewi Asa shares will generate the highest return on investment. By undertsting and applying Bewi Asa stock market strength indicators, traders can identify Bewi Asa entry and exit signals to maximize returns
Bewi Asa Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Bewi Asa's price direction in advance. Along with the technical and fundamental analysis of Bewi Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Bewi 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 | (0.0007) | |||
Jensen Alpha | 0.0085 | |||
Total Risk Alpha | (0.45) | |||
Treynor Ratio | 0.0766 |
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Other Information on Investing in Bewi Stock
Bewi Asa financial ratios help investors to determine whether Bewi 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 Bewi with respect to the benefits of owning Bewi Asa security.