AF Gruppen (Norway) Price on December 8, 2023
| AFG Stock | NOK 135.20 0.10 0.07% |
If you're considering investing in AFG Stock, it is important to understand the factors that can impact its price. As of today, the current price of AF Gruppen stands at 135.20, as last reported on the 21st of May, with the highest price reaching 138.80 and the lowest price hitting 135.20 during the day. AF Gruppen appears to be very steady, given 3 months investment horizon. AF Gruppen ASA retains Efficiency (Sharpe Ratio) of 0.15, which signifies that the company had a 0.15% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for AF Gruppen, which you can use to evaluate the volatility of the firm. Please makes use of AF Gruppen's Coefficient Of Variation of 776.52, standard deviation of 1.8, and Market Risk Adjusted Performance of (0.64) to double-check if our risk estimates are consistent with your expectations.
AFG Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
AFG |
Sharpe Ratio = 0.1468
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Estimated Market Risk
| 1.6 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.24 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average AF Gruppen is performing at about 11% 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 AF Gruppen by adding it to a well-diversified portfolio.
AF Gruppen Valuation on December 8, 2023
It is possible to determine the worth of AF Gruppen on a given historical date. On December 8, 2023 AFG was worth 118.0 at the beginning of the trading date compared to the closed value of 113.2. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of AF Gruppen stock. Still, in general, we apply an absolute valuation method to find AF Gruppen'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 AF Gruppen where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against AF Gruppen's related companies.
| Open | High | Low | Close | Volume | |
| 115.80 | 118.40 | 114.20 | 114.95 | 23,183 | |
12/08/2023 | 118.00 | 118.00 | 113.20 | 113.20 | 8,096 |
| 116.40 | 119.40 | 115.14 | 115.14 | 15,247 |
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AF Gruppen Trading Date Momentum on December 8, 2023
| On December 11 2023 AF Gruppen ASA was traded for 115.14 at the closing time. The maximum traded price for the trading interval was 119.40 and the lowest daily price was 115.14 . The daily volume was recorded at 15.2 K. The volume of trading on 11th of December 2023 played a part in the next trading day price upswing. The overall trading delta to the next closing price was 1.71% . The overall trading delta to the closing price today is 6.36% . |
AF Gruppen ASA Fundamentals Correlations and Trends
By evaluating AF Gruppen'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 AF Gruppen's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. AFG financial account trend analysis is a perfect complement when working with valuation or volatility modules.About AF Gruppen Stock history
AF Gruppen 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 AFG is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in AF Gruppen 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 AF Gruppen stock prices may prove useful in developing a viable investing in AF Gruppen
AF Gruppen ASA, a contracting and industrial company, engages in civil engineering, environment, building, property, energy, and offshore businesses in Norway, Sweden, and internationally. AF Gruppen ASA was founded in 1985 and is headquartered in Oslo, Norway. AF GRUPPEN operates under Engineering Construction classification in Norway and is traded on Oslo Stock Exchange. It employs 4594 people.
AF Gruppen Stock Technical Analysis
AF Gruppen 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
AF Gruppen Period Price Range
Low | December 8, 2023
| High |
118.00 | 113.20 |
AF Gruppen May 21, 2024 Market Strength
Market strength indicators help investors to evaluate how AF Gruppen stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading AF Gruppen shares will generate the highest return on investment. By undertsting and applying AF Gruppen stock market strength indicators, traders can identify AF Gruppen ASA entry and exit signals to maximize returns
AF Gruppen Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for AF Gruppen's price direction in advance. Along with the technical and fundamental analysis of AFG Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of AFG 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 | 0.0807 | |||
| Jensen Alpha | 0.2451 | |||
| Total Risk Alpha | 0.0084 | |||
| Sortino Ratio | 0.063 | |||
| Treynor Ratio | (0.65) |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AF Gruppen ASA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the AF Gruppen ASA information on this page should be used as a complementary analysis to other AF Gruppen's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Complementary Tools for AFG Stock analysis
When running AF Gruppen's price analysis, check to measure AF Gruppen'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 AF Gruppen is operating at the current time. Most of AF Gruppen's value examination focuses on studying past and present price action to predict the probability of AF Gruppen's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AF Gruppen's price. Additionally, you may evaluate how the addition of AF Gruppen to your portfolios can decrease your overall portfolio volatility.
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