Norse Atlantic Asa Stock Price on October 1, 2024
| NRSAF Stock | USD 0.31 0.03 8.82% |
If you're considering investing in Norse OTC Stock, it is important to understand the factors that can impact its price. As of today, the current price of Norse Atlantic stands at 0.31, as last reported on the 3rd of December, with the highest price reaching 0.35 and the lowest price hitting 0.31 during the day. Norse Atlantic appears to be out of control, given 3 months investment horizon. Norse Atlantic ASA has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. By analyzing Norse Atlantic's technical indicators, you can evaluate if the expected return of 0.93% is justified by implied risk. Please exercise Norse Atlantic's Risk Adjusted Performance of 0.09, downside deviation of 10.5, and Mean Deviation of 4.09 to check out if our risk estimates are consistent with your expectations.
Norse OTC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Norse |
Sharpe Ratio = 0.1075
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Estimated Market Risk
| 8.63 actual daily | 76 76% of assets are less volatile |
Expected Return
| 0.93 actual daily | 18 82% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Norse Atlantic 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 Norse Atlantic by adding it to a well-diversified portfolio.
Norse Atlantic Valuation on October 1, 2024
It is possible to determine the worth of Norse Atlantic on a given historical date. On October 1, 2024 Norse was worth 0.18 at the beginning of the trading date compared to the closed value of 0.18. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Norse Atlantic otc stock. Still, in general, we apply an absolute valuation method to find Norse Atlantic'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 Norse Atlantic where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Norse Atlantic's related companies.
| Open | High | Low | Close | Volume | |
| 0.17 | 0.18 | 0.17 | 0.18 | 4,344 | |
10/01/2024 | 0.18 | 0.18 | 0.18 | 0.18 | 1.00 |
| 0.18 | 0.18 | 0.18 | 0.18 | 1.00 |
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Norse Atlantic Trading Date Momentum on October 1, 2024
| On October 02 2024 Norse Atlantic ASA was traded for 0.18 at the closing time. The highest daily price throughout the period was 0.18 and the lowest price was 0.18 . There was no trading activity during the period 1.0. Lack of trading volume on 10/02/2024 did not cause price change. The trading delta at closing time to current closing price is 0.00% . |
Norse Atlantic ASA Fundamentals Correlations and Trends
By evaluating Norse Atlantic'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 Norse Atlantic's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Norse financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Norse Atlantic OTC Stock history
Norse Atlantic 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 Norse is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Norse Atlantic 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 Norse Atlantic stock prices may prove useful in developing a viable investing in Norse Atlantic
It focuses on serving various destinations between Europe and the United States, including New York, Florida, Paris, London, and Oslo. The company was founded in 2021 and is headquartered in Arendal, Norway. Norse Atlantic is traded on OTC Exchange in the United States.
Norse Atlantic OTC Stock Technical Analysis
Norse Atlantic technical otc 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, otc market cycles, or different charting patterns.
Price Boundaries
Norse Atlantic Period Price Range
Low | December 3, 2024
| High |
0.00 | 0.00 |
Norse Atlantic ASA cannot be verified against its exchange. Please verify the symbol is currently traded on OTCQX 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.
Norse Atlantic December 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Norse Atlantic otc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Norse Atlantic shares will generate the highest return on investment. By undertsting and applying Norse Atlantic otc stock market strength indicators, traders can identify Norse Atlantic ASA entry and exit signals to maximize returns
Norse Atlantic Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Norse Atlantic's price direction in advance. Along with the technical and fundamental analysis of Norse OTC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Norse 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 | 0.09 | |||
| Jensen Alpha | 0.7011 | |||
| Total Risk Alpha | (0.38) | |||
| Sortino Ratio | 0.0738 | |||
| Treynor Ratio | 0.5396 |
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Complementary Tools for Norse OTC Stock analysis
When running Norse Atlantic's price analysis, check to measure Norse Atlantic's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Norse Atlantic is operating at the current time. Most of Norse Atlantic's value examination focuses on studying past and present price action to predict the probability of Norse Atlantic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Norse Atlantic's price. Additionally, you may evaluate how the addition of Norse Atlantic to your portfolios can decrease your overall portfolio volatility.
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