Romsdal Sparebank (Norway) Price on December 5, 2024
| ROMSB Stock | NOK 121.00 2.98 2.40% |
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 121.00, as last reported on the 11th of December 2024, with the highest price reaching 123.96 and the lowest price hitting 121.00 during the day. As of now, Romsdal Stock is very steady. Romsdal Sparebank maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the firm had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for Romsdal Sparebank, which you can use to evaluate the volatility of the company. Please check Romsdal Sparebank's Coefficient Of Variation of 790.21, semi deviation of 0.4636, and Risk Adjusted Performance of 0.0929 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%.
Romsdal Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Romsdal |
Sharpe Ratio = 0.1381
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Estimated Market Risk
| 0.85 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.12 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 10 90% of assets perform better |
Based on monthly moving average Romsdal Sparebank is performing at about 10% 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 December 5, 2024
It is possible to determine the worth of Romsdal Sparebank on a given historical date. On December 5, 2024 Romsdal was worth 122.84 at the beginning of the trading date compared to the closed value of 123.98. 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 | |
| 123.40 | 123.40 | 123.40 | 123.40 | 45.00 | |
12/05/2024 | 122.84 | 123.98 | 122.50 | 123.98 | 349.00 |
| 123.98 | 123.98 | 123.98 | 123.98 | 355.00 |
| Backtest Romsdal Sparebank | | | Romsdal Sparebank History | | | Romsdal Sparebank Valuation | Previous | Next |
Romsdal Sparebank Trading Date Momentum on December 5, 2024
| On December 06 2024 Romsdal Sparebank was traded for 123.98 at the closing time. The highest price during the trading period was 123.98 and the lowest recorded bid was listed for 123.98 . The volume for the day was 355. This history from December 6, 2024 did not cause price change. The trading delta at closing time to the current price is 0.02% . |
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.
Price Boundaries
Romsdal Sparebank Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
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 11, 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.
| Risk Adjusted Performance | 0.0929 | |||
| Jensen Alpha | 0.0965 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 16.48 |
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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.