Romsdal Sparebank (Norway) Price on September 26, 2024

ROMSB Stock  NOK 123.22  2.22  1.83%   
If you're considering investing in Romsdal Stock, it is important to understand the factors that can impact its price. As of today, the current price of Romsdal Sparebank stands at 123.22, as last reported on the 12th of December 2024, with the highest price reaching 123.22 and the lowest price hitting 120.60 during the day. As of now, Romsdal Stock is very steady. Romsdal Sparebank maintains Sharpe Ratio (i.e., Efficiency) of 0.17, which implies the firm had a 0.17% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Romsdal Sparebank, which you can use to evaluate the volatility of the company. Please check Romsdal Sparebank's Risk Adjusted Performance of 0.1079, coefficient of variation of 680.11, and Semi Deviation of 0.4398 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%.
  
Romsdal Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.1653

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Estimated Market Risk

 0.87
  actual daily
7
93% of assets are more volatile

Expected Return

 0.14
  actual daily
2
98% of assets have higher returns

Risk-Adjusted Return

 0.17
  actual daily
13
87% of assets perform better
Based on monthly moving average Romsdal Sparebank is performing at about 13% 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 Romsdal Sparebank by adding it to a well-diversified portfolio.

Romsdal Sparebank Valuation on September 26, 2024

It is possible to determine the worth of Romsdal Sparebank on a given historical date. On September 26, 2024 Romsdal was worth 115.9 at the beginning of the trading date compared to the closed value of 115.9. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Romsdal Sparebank stock. Still, in general, we apply an absolute valuation method to find Romsdal Sparebank'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 Romsdal Sparebank where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Romsdal Sparebank's related companies.
 Open High Low Close Volume
  115.00    115.00    115.00    115.00    1.00  
09/26/2024
  115.90    115.90    115.90    115.90    50.00  
  115.90    115.90    115.90    115.90    50.00  
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Open Value
115.9
113.29
Downside
115.9
Closing Value
118.51
Upside

Romsdal Sparebank Trading Date Momentum on September 26, 2024

On September 27 2024 Romsdal Sparebank was traded for  115.90  at the closing time. The highest price during the trading period was 115.90  and the lowest recorded bid was listed for  115.90 . The volume for the day was 50.0. This history from September 27, 2024 did not cause price change. The trading delta at closing time to the current price is 0.09% .

Romsdal Sparebank Fundamentals Correlations and Trends

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

About Romsdal Sparebank Stock history

Romsdal Sparebank 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 Romsdal is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Romsdal Sparebank 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 Romsdal Sparebank stock prices may prove useful in developing a viable investing in Romsdal Sparebank
Romsdal Sparebank operates as a savings bank that provides various financial products and services to retail and corporate customers primarily in Romsdal and southern parts of Nordmre. The company was incorporated in 1971 and is based in Elnesvgen, Norway with branch offices in Bud, Eidsvg, Farstad, and Molde, Norway. ROMSDAL SPAREBANK operates under Financial Conglomerates classification in Norway and is traded on Oslo Stock Exchange. It employs 44 people.

Romsdal Sparebank Stock Technical Analysis

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

Romsdal Sparebank Period Price Range

Low
December 12, 2024
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High

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Romsdal Sparebank 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.

Romsdal Sparebank December 12, 2024 Market Strength

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

Romsdal Sparebank Technical and Predictive Indicators

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

Romsdal Sparebank financial ratios help investors to determine whether Romsdal 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 Romsdal with respect to the benefits of owning Romsdal Sparebank security.