Morrow Bank (Norway) Price on April 11, 2023

MOBA Stock   8.80  0.20  2.22%   
If you're considering investing in Morrow Stock, it is important to understand the factors that can impact its price. As of today, the current price of Morrow Bank stands at 8.80, as last reported on the 11th of December 2024, with the highest price reaching 9.18 and the lowest price hitting 8.66 during the day. Morrow Bank appears to be not too volatile, given 3 months investment horizon. Morrow Bank ASA has Sharpe Ratio of 0.29, which conveys that the firm had a 0.29% return per unit of risk over the last 3 months. By analyzing Morrow Bank's technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please exercise Morrow Bank's Downside Deviation of 1.58, mean deviation of 1.51, and Risk Adjusted Performance of 0.2114 to check out if our risk estimates are consistent with your expectations.
  
Morrow Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.2859

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Estimated Market Risk

 2.1
  actual daily
18
82% of assets are more volatile

Expected Return

 0.6
  actual daily
11
89% of assets have higher returns

Risk-Adjusted Return

 0.29
  actual daily
22
78% of assets perform better
Based on monthly moving average Morrow Bank is performing at about 22% 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 Morrow Bank by adding it to a well-diversified portfolio.

Morrow Bank Valuation on April 11, 2023

It is possible to determine the worth of Morrow Bank on a given historical date. On April 11, 2023 Morrow was worth 4.81 at the beginning of the trading date compared to the closed value of 4.68. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Morrow Bank stock. Still, in general, we apply an absolute valuation method to find Morrow Bank'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 Morrow Bank where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Morrow Bank's related companies.
 Open High Low Close Volume
  4.67    4.83    4.67    4.73    107,032  
04/11/2023
  4.81    4.81    4.67    4.68    75,276  
  4.80    4.80    4.65    4.69    94,493  
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Open Value
4.81
4.68
Closing Value
11.11
Upside

Morrow Bank Trading Date Momentum on April 11, 2023

On April 12 2023 Morrow Bank ASA was traded for  4.69  at the closing time. The highest price during the trading period was 4.80  and the lowest recorded bid was listed for  4.65 . The volume for the day was 94.5 K. This history from April 12, 2023 contributed to the next trading day price upswing. The trading delta at closing time to the next closing price was 0.21% . The trading delta at closing time to the current price is 0.64% .

Price Boundaries

Morrow Bank Period Price Range

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December 11, 2024
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Morrow Bank 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.

Morrow Bank December 11, 2024 Market Strength

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

Morrow Bank Technical and Predictive Indicators

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