Scana ASA (Norway) Price on November 12, 2024
SCANA Stock | NOK 2.82 0.01 0.36% |
If you're considering investing in Scana Stock, it is important to understand the factors that can impact its price. As of today, the current price of Scana ASA stands at 2.82, as last reported on the 29th of November, with the highest price reaching 2.82 and the lowest price hitting 2.71 during the day. Scana ASA owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0616, which indicates the firm had a -0.0616% return per unit of risk over the last 3 months. Scana ASA exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Scana ASA's Risk Adjusted Performance of 0.0491, coefficient of variation of 1854.64, and Semi Deviation of 2.53 to confirm the risk estimate we provide.
Scana Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Scana |
Sharpe Ratio = -0.0616
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Estimated Market Risk
2.78 actual daily | 24 76% of assets are more volatile |
Expected Return
-0.17 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Scana 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 Scana ASA by adding Scana ASA to a well-diversified portfolio.
Scana ASA Valuation on November 12, 2024
It is possible to determine the worth of Scana ASA on a given historical date. On November 12, 2024 Scana was worth 2.8 at the beginning of the trading date compared to the closed value of 2.7. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Scana ASA stock. Still, in general, we apply an absolute valuation method to find Scana 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 Scana ASA where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Scana ASA's related companies.
Open | High | Low | Close | Volume | |
2.98 | 2.99 | 2.83 | 2.83 | 902,626 | |
11/12/2024 | 2.80 | 2.81 | 2.57 | 2.70 | 1,495,553 |
2.58 | 2.70 | 2.50 | 2.56 | 819,243 |
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Scana ASA Trading Date Momentum on November 12, 2024
On November 13 2024 Scana ASA was traded for 2.56 at the closing time. The highest price during the trading period was 2.70 and the lowest recorded bid was listed for 2.50 . The volume for the day was 819.2 K. This history from November 13, 2024 contributed to the next trading day price decline. The trading price change to the next closing price was 5.19% . The trading price change to the current price is 5.19% . |
Scana ASA Fundamentals Correlations and Trends
By evaluating Scana 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 Scana ASA's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Scana financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Scana ASA Stock history
Scana 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 Scana is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Scana 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 Scana ASA stock prices may prove useful in developing a viable investing in Scana ASA
Scana ASA, an industrial investment company, provides equipment and services to the marine industry. Scana ASA was founded in 1646 and is headquartered in Bergen, Norway. SCANA ASA operates under Industrial Distribution classification in Norway and is traded on Oslo Stock Exchange. It employs 94 people.
Scana ASA Stock Technical Analysis
Scana 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.
Price Boundaries
Scana ASA Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Scana 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.
Scana ASA November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Scana 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 Scana ASA shares will generate the highest return on investment. By undertsting and applying Scana ASA stock market strength indicators, traders can identify Scana ASA entry and exit signals to maximize returns
Scana ASA Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Scana ASA's price direction in advance. Along with the technical and fundamental analysis of Scana Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Scana 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 | 0.0491 | |||
Jensen Alpha | 0.1319 | |||
Total Risk Alpha | (0.34) | |||
Sortino Ratio | 0.0228 | |||
Treynor Ratio | 0.4622 |
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Other Information on Investing in Scana Stock
Scana ASA financial ratios help investors to determine whether Scana 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 Scana with respect to the benefits of owning Scana ASA security.