Idex ASA (Norway) Price on October 1, 2024

IDEX Stock  NOK 0.14  0.01  7.69%   
If you're considering investing in Idex Stock, it is important to understand the factors that can impact its price. As of today, the current price of Idex ASA stands at 0.14, as last reported on the 3rd of December, with the highest price reaching 0.15 and the lowest price hitting 0.13 during the day. Idex ASA holds Efficiency (Sharpe) Ratio of -0.18, which attests that the entity had a -0.18% return per unit of risk over the last 3 months. Idex ASA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Idex ASA's Standard Deviation of 8.21, risk adjusted performance of (0.16), and Market Risk Adjusted Performance of 2.57 to validate the risk estimate we provide.
  
Idex Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1816

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Estimated Market Risk

 7.5
  actual daily
66
66% of assets are less volatile

Expected Return

 -1.36
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.18
  actual daily
0
Most of other assets perform better
Based on monthly moving average Idex 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 Idex ASA by adding Idex ASA to a well-diversified portfolio.

Idex ASA Valuation on October 1, 2024

It is possible to determine the worth of Idex ASA on a given historical date. On October 1, 2024 Idex was worth 0.21 at the beginning of the trading date compared to the closed value of 0.21. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Idex ASA stock. Still, in general, we apply an absolute valuation method to find Idex 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 Idex ASA where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Idex ASA's related companies.
 Open High Low Close Volume
  0.23    0.23    0.21    0.21    2,968,266  
10/01/2024
  0.21    0.22    0.21    0.21    1,117,895  
  0.22    0.22    0.20    0.20    3,342,710  
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Open Value
0.21
0.21
Closing Value
22.71
Upside

Idex ASA Trading Date Momentum on October 1, 2024

On October 02 2024 Idex ASA was traded for  0.20  at the closing time. The highest price during the trading period was 0.22  and the lowest recorded bid was listed for  0.20 . The volume for the day was 3.3 M. This history from October 2, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 4.76% . The trading delta at closing time to the current price is 14.29% .

Idex ASA Fundamentals Correlations and Trends

By evaluating Idex 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 Idex ASA's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Idex financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Idex ASA Stock history

Idex 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 Idex is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Idex 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 Idex ASA stock prices may prove useful in developing a viable investing in Idex ASA
IDEX Biometrics ASA develops and sells fingerprint imaging and recognition technology in Europe, the Middle East, Africa, the Americas, and Asia. The company was founded in 1996 and is headquartered in Brum, Norway. IDEX BIOMETRICS operates under Software - Application classification in Norway and is traded on Oslo Stock Exchange. It employs 103 people.

Idex ASA Stock Technical Analysis

Idex 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.
A focus of Idex ASA technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Idex ASA 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

Idex ASA Period Price Range

Low
December 3, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Idex 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.

Idex ASA December 3, 2024 Market Strength

Market strength indicators help investors to evaluate how Idex 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 Idex ASA shares will generate the highest return on investment. By undertsting and applying Idex ASA stock market strength indicators, traders can identify Idex ASA entry and exit signals to maximize returns

Idex ASA Technical and Predictive Indicators

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

Other Information on Investing in Idex Stock

Idex ASA financial ratios help investors to determine whether Idex 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 Idex with respect to the benefits of owning Idex ASA security.