Zalaris ASA (Norway) Price on May 31, 2024
| ZAL Stock | NOK 72.60 3.00 3.97% |
If you're considering investing in Zalaris Stock, it is important to understand the factors that can impact its price. As of today, the current price of Zalaris ASA stands at 72.60, as last reported on the 20th of December, with the highest price reaching 74.20 and the lowest price hitting 71.00 during the day. As of now, Zalaris Stock is very steady. Zalaris ASA shows Sharpe Ratio of 0.0665, which attests that the company had a 0.0665% return per unit of risk over the last 3 months. We have found thirty technical indicators for Zalaris ASA, which you can use to evaluate the volatility of the company. Please check out Zalaris ASA's Mean Deviation of 1.25, downside deviation of 1.7, and Market Risk Adjusted Performance of (0.26) to validate if the risk estimate we provide is consistent with the expected return of 0.11%.
Zalaris Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Zalaris |
Sharpe Ratio = 0.0665
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Estimated Market Risk
| 1.66 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Zalaris ASA is performing at about 5% 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 Zalaris ASA by adding it to a well-diversified portfolio.
Zalaris ASA Valuation on May 31, 2024
It is possible to determine the worth of Zalaris ASA on a given historical date. On May 31, 2024 Zalaris was worth 76.0 at the beginning of the trading date compared to the closed value of 77.6. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Zalaris ASA stock. Still, in general, we apply an absolute valuation method to find Zalaris 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 Zalaris ASA where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Zalaris ASA's related companies.
| Open | High | Low | Close | Volume | |
| 77.00 | 77.00 | 76.20 | 76.80 | 2,428 | |
05/31/2024 | 76.00 | 77.80 | 76.00 | 77.60 | 8,968 |
| 77.80 | 77.80 | 77.00 | 77.00 | 2,719 |
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Zalaris ASA Trading Date Momentum on May 31, 2024
| On June 03 2024 Zalaris ASA was traded for 77.00 at the closing time. The maximum traded price for the trading interval was 77.80 and the lowest daily price was 77.00 . The daily volume was recorded at 2.7 K. The volume of trading on 3rd of June 2024 played a part in the next trading day price drop. The trading date delta to the next closing price was 0.77% . The trading date delta to the closing price today is 0.26% . |
Zalaris ASA Fundamentals Correlations and Trends
By evaluating Zalaris 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 Zalaris ASA's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Zalaris financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Zalaris ASA Stock history
Zalaris 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 Zalaris is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Zalaris 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 Zalaris ASA stock prices may prove useful in developing a viable investing in Zalaris ASA
Zalaris ASA provides full-service outsourced personnel and payroll services in Norway, Sweden, Denmark, Finland, and internationally. Zalaris ASA was founded in 2000 and is headquartered in Oslo, Norway. ZALARIS ASA operates under Staffing Outsourcing Services classification in Norway and is traded on Oslo Stock Exchange. It employs 837 people.
Zalaris ASA Stock Technical Analysis
Zalaris 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
Zalaris ASA Period Price Range
Low | December 20, 2024
| High |
0.00 | 0.00 |
Zalaris 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.
Zalaris ASA December 20, 2024 Market Strength
Market strength indicators help investors to evaluate how Zalaris 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 Zalaris ASA shares will generate the highest return on investment. By undertsting and applying Zalaris ASA stock market strength indicators, traders can identify Zalaris ASA entry and exit signals to maximize returns
Zalaris ASA Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Zalaris ASA's price direction in advance. Along with the technical and fundamental analysis of Zalaris Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Zalaris 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 | 0.0425 | |||
| Jensen Alpha | 0.0759 | |||
| Total Risk Alpha | 0.0195 | |||
| Sortino Ratio | 0.0272 | |||
| Treynor Ratio | (0.27) |
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Other Information on Investing in Zalaris Stock
Zalaris ASA financial ratios help investors to determine whether Zalaris 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 Zalaris with respect to the benefits of owning Zalaris ASA security.