Gjensidige Forsikring (Norway) Price on September 16, 2024
| GJF Stock | NOK 201.20 2.00 1.00% |
If you're considering investing in Gjensidige Stock, it is important to understand the factors that can impact its price. As of today, the current price of Gjensidige Forsikring stands at 201.20, as last reported on the 4th of December, with the highest price reaching 201.80 and the lowest price hitting 199.60 during the day. As of now, Gjensidige Stock is very steady. Gjensidige Forsikring ASA holds Efficiency (Sharpe) Ratio of 0.0889, which attests that the entity had a 0.0889% return per unit of risk over the last 3 months. We have found thirty technical indicators for Gjensidige Forsikring ASA, which you can use to evaluate the volatility of the firm. Please check out Gjensidige Forsikring's Market Risk Adjusted Performance of (0.58), risk adjusted performance of 0.0931, and Downside Deviation of 0.8778 to validate if the risk estimate we provide is consistent with the expected return of 0.089%.
Gjensidige Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Gjensidige |
Sharpe Ratio = 0.0889
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Estimated Market Risk
| 1.0 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average Gjensidige Forsikring is performing at about 7% 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 Gjensidige Forsikring by adding it to a well-diversified portfolio.
Gjensidige Forsikring Valuation on September 16, 2024
It is possible to determine the worth of Gjensidige Forsikring on a given historical date. On September 16, 2024 Gjensidige was worth 192.0 at the beginning of the trading date compared to the closed value of 194.7. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Gjensidige Forsikring stock. Still, in general, we apply an absolute valuation method to find Gjensidige Forsikring'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 Gjensidige Forsikring where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Gjensidige Forsikring's related companies.
| Open | High | Low | Close | Volume | |
| 193.60 | 194.10 | 192.30 | 193.60 | 300,707 | |
09/16/2024 | 192.00 | 195.40 | 192.00 | 194.70 | 158,782 |
| 194.10 | 195.50 | 193.40 | 193.40 | 219,362 |
| Backtest Gjensidige Forsikring | | | Gjensidige Forsikring History | | | Gjensidige Forsikring Valuation | Previous | Next |
Gjensidige Forsikring Trading Date Momentum on September 16, 2024
| On September 17 2024 Gjensidige Forsikring ASA was traded for 193.40 at the closing time. The maximum traded price for the trading interval was 195.50 and the lowest daily price was 193.40 . The daily volume was recorded at 219.4 K. The volume of trading on 17th of September 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 0.67% . The overall trading delta to the closing price today is 1.49% . |
Gjensidige Forsikring ASA Fundamentals Correlations and Trends
By evaluating Gjensidige Forsikring'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 Gjensidige Forsikring's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Gjensidige financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Gjensidige Forsikring Stock history
Gjensidige Forsikring 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 Gjensidige is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Gjensidige Forsikring 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 Gjensidige Forsikring stock prices may prove useful in developing a viable investing in Gjensidige Forsikring
Gjensidige Forsikring ASA operates as a general insurance company in Norway, Denmark, Sweden, Lithuania, Latvia, and Estonia. Gjensidige Forsikring ASA is a subsidiary of Gjensidigestiftelsen. GJENSIDIGE FORSIKR operates under Insurance - General classification in Norway and is traded on Oslo Stock Exchange. It employs 3716 people.
Gjensidige Forsikring Stock Technical Analysis
Gjensidige Forsikring 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
Gjensidige Forsikring Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Gjensidige Forsikring 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.
Gjensidige Forsikring December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Gjensidige Forsikring stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Gjensidige Forsikring shares will generate the highest return on investment. By undertsting and applying Gjensidige Forsikring stock market strength indicators, traders can identify Gjensidige Forsikring ASA entry and exit signals to maximize returns
Gjensidige Forsikring Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Gjensidige Forsikring's price direction in advance. Along with the technical and fundamental analysis of Gjensidige Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Gjensidige 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 | 0.0931 | |||
| Jensen Alpha | 0.1324 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0107 | |||
| Treynor Ratio | (0.59) |
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Other Information on Investing in Gjensidige Stock
Gjensidige Forsikring financial ratios help investors to determine whether Gjensidige 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 Gjensidige with respect to the benefits of owning Gjensidige Forsikring security.