Scatec Solar (Norway) Price on June 30, 2023
| SCATC Stock | NOK 82.95 0.10 0.12% |
If you're considering investing in Scatec Stock, it is important to understand the factors that can impact its price. As of today, the current price of Scatec Solar stands at 82.95, as last reported on the 3rd of July, with the highest price reaching 83.45 and the lowest price hitting 81.10 during the day. Scatec Solar appears to be very steady, given 3 months investment horizon. Scatec Solar OL owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0837, which indicates the firm had a 0.0837% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Scatec Solar OL, which you can use to evaluate the volatility of the company. Please review Scatec Solar's Risk Adjusted Performance of 0.0555, semi deviation of 2.41, and Coefficient Of Variation of 1332.5 to confirm if our risk estimates are consistent with your expectations.
Scatec Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Scatec |
Sharpe Ratio = 0.0837
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Estimated Market Risk
| 2.98 actual daily | 26 74% of assets are more volatile |
Expected Return
| 0.25 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Scatec Solar is performing at about 6% 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 Scatec Solar by adding it to a well-diversified portfolio.
Scatec Solar Valuation on June 30, 2023
It is possible to determine the worth of Scatec Solar on a given historical date. On June 30, 2023 Scatec was worth 69.15 at the beginning of the trading date compared to the closed value of 70.3. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Scatec Solar stock. Still, in general, we apply an absolute valuation method to find Scatec Solar'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 Scatec Solar where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Scatec Solar's related companies.
| Open | High | Low | Close | Volume | |
| 68.50 | 69.10 | 67.85 | 68.15 | 87,177 | |
06/30/2023 | 69.15 | 70.90 | 68.70 | 70.30 | 197,677 |
| 71.50 | 72.20 | 70.80 | 71.50 | 98,457 |
| Backtest Scatec Solar | | | Scatec Solar History | | | Scatec Solar Valuation | Previous | Next |
Scatec Solar Trading Date Momentum on June 30, 2023
| On July 03 2023 Scatec Solar OL was traded for 71.50 at the closing time. The highest price during the trading period was 72.20 and the lowest recorded bid was listed for 70.80 . The volume for the day was 98.5 K. This history from July 3, 2023 contributed to the next trading day price boost. The trading price change to the next closing price was 1.71% . The trading price change to the current price is 4.55% . |
Scatec Solar OL Fundamentals Correlations and Trends
By evaluating Scatec Solar'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 Scatec Solar's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Scatec financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Scatec Solar Stock history
Scatec Solar 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 Scatec is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Scatec Solar OL 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 Scatec Solar stock prices may prove useful in developing a viable investing in Scatec Solar
Scatec ASA, together with its subsidiaries, operates as a renewable power producer worldwide. Scatec ASA was incorporated in 2007 and is headquartered in Oslo, Norway. SCATEC ASA is traded on Oslo Stock Exchange in Norway.
Scatec Solar Stock Technical Analysis
Scatec Solar 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
Scatec Solar Period Price Range
Low | July 3, 2024
| High |
0.00 | 0.00 |
Scatec Solar OL 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.
Scatec Solar July 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Scatec Solar stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Scatec Solar shares will generate the highest return on investment. By undertsting and applying Scatec Solar stock market strength indicators, traders can identify Scatec Solar OL entry and exit signals to maximize returns
Scatec Solar Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Scatec Solar's price direction in advance. Along with the technical and fundamental analysis of Scatec Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Scatec 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 | 0.0555 | |||
| Jensen Alpha | 0.1858 | |||
| Total Risk Alpha | 0.3436 | |||
| Sortino Ratio | 0.0892 | |||
| Treynor Ratio | (0.18) |
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Other Information on Investing in Scatec Stock
Scatec Solar financial ratios help investors to determine whether Scatec 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 Scatec with respect to the benefits of owning Scatec Solar security.