Aker ASA (Norway) Price on January 16, 2024
| AKER Stock | NOK 615.00 7.00 1.15% |
If you're considering investing in Aker Stock, it is important to understand the factors that can impact its price. As of today, the current price of Aker ASA stands at 615.00, as last reported on the 27th of April, with the highest price reaching 617.00 and the lowest price hitting 608.00 during the day. Aker ASA secures Sharpe Ratio (or Efficiency) of -0.0204, which signifies that the company had a -0.0204% return per unit of standard deviation over the last 3 months. Aker ASA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aker ASA's mean deviation of 0.9382, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide.
Aker Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Aker |
Sharpe Ratio = -0.0204
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| Negative Returns | AKER |
Estimated Market Risk
| 1.28 actual daily | 11 89% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Aker 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 Aker ASA by adding Aker ASA to a well-diversified portfolio.
Aker ASA Valuation on January 16, 2024
It is possible to determine the worth of Aker ASA on a given historical date. On January 16, 2024 Aker was worth 638.5 at the beginning of the trading date compared to the closed value of 618.92. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Aker ASA stock. Still, in general, we apply an absolute valuation method to find Aker 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 Aker ASA where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Aker ASA's related companies.
| Open | High | Low | Close | Volume | |
| 647.50 | 648.00 | 625.25 | 625.25 | 10,576 | |
01/16/2024 | 638.50 | 641.00 | 618.92 | 618.92 | 24,548 |
| 631.00 | 631.00 | 609.66 | 609.66 | 19,548 |
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Aker ASA Trading Date Momentum on January 16, 2024
| On January 17 2024 Aker ASA was traded for 609.66 at the closing time. The highest price during the trading period was 631.00 and the lowest recorded bid was listed for 609.66 . The volume for the day was 19.5 K. This history from January 17, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 1.50% . The overall trading delta to the current price is 4.21% . |
Aker ASA Fundamentals Correlations and Trends
By evaluating Aker 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 Aker ASA's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Aker financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Aker ASA Stock history
Aker 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 Aker is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Aker 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 Aker ASA stock prices may prove useful in developing a viable investing in Aker ASA
Aker ASA operates as an industrial investment company primarily in Norway, the European Union, North America, South America, Asia, and internationally. The company was founded in 1841 and is based in Lysaker, Norway. AKER ASA operates under Oil Gas Equipment Services classification in Norway and is traded on Oslo Stock Exchange. It employs 1605 people.
Aker ASA Stock Technical Analysis
Aker 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
Aker ASA Period Price Range
Low | January 16, 2024
| High |
638.50 | 618.92 |
Aker ASA April 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Aker 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 Aker ASA shares will generate the highest return on investment. By undertsting and applying Aker ASA stock market strength indicators, traders can identify Aker ASA entry and exit signals to maximize returns
| Accumulation Distribution | 845.58 | |||
| Daily Balance Of Power | (0.89) | |||
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 629.96 | |||
| Day Typical Price | 626.28 | |||
| Market Facilitation Index | 9.0E-4 | |||
| Price Action Indicator | (20.83) | |||
| Period Momentum Indicator | (3.92) |
Aker ASA Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Aker ASA's price direction in advance. Along with the technical and fundamental analysis of Aker Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Aker 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 | (0.01) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | 5.5 |
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| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aker 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. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for Aker Stock analysis
When running Aker ASA's price analysis, check to measure Aker ASA'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 Aker ASA is operating at the current time. Most of Aker ASA's value examination focuses on studying past and present price action to predict the probability of Aker ASA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aker ASA's price. Additionally, you may evaluate how the addition of Aker ASA to your portfolios can decrease your overall portfolio volatility.
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