OBX BASIC (Norway) Index

OBX BASIC is projected at 131.58 as of the 1st of July 2022. This is a -0.81 percent decrease since the beginning of the trading day. The index's lowest day price was 130.75. Equity ratings for OBX BASIC MAT PR are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 2nd of May 2022 and ending today, the 1st of July 2022. Click here to learn more.

OBX BASIC MAT Spec

Symbol  OBMP
Name  OBX BASIC MAT PR
TypeIndex
Country   Norway
Exchange  Oslo

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

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OBX BASIC Distribution of Returns

 Predicted Return Density 
      Returns 
OBX BASIC's volatility is measured either by using standard deviation or beta. Standard deviation will reflect the average amount of how OBX BASIC stock's price will differ from the mean after some time.To get its calculation, you should first determine the mean price during the specified period then subtract that from each price point.

What Drives a Company's Stock Price Volatility?

Several factors can influence a company's stock volatility:

Industry

Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.

Political and Economic environment

When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.

The Company's Performance

Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.

OBX BASIC Against Global Markets

Madrid  1.22   
0%
24.0%
Stockh  1.03   
0%
20.0%
Greece  0.88   
0%
17.0%
IBEX 3  0.65   
0%
13.0%
NASDAQ  0.45   
0%
9.0%
MerVal  0.36   
0%
7.0%
Bursa   0.33   
0%
6.0%
ATX  0.28   
0%
5.0%
ISEQ  0.22   
0%
4.0%
CAC 40  0.03   
0%
1.0%
SPTSX   0.0002   
0%
1.0%
Strait  0.11   
2.0%
0%
DAX  0.16   
3.0%
0%
Shangh  0.32   
6.0%
0%
NASDAQ  0.36   
7.0%
0%
All Or  0.39   
7.0%
0%
BSE  0.62   
12.0%
0%
Hang S  0.62   
12.0%
0%
Israel  0.69   
14.0%
0%
Swiss   0.70   
14.0%
0%
NYSE  0.77   
15.0%
0%
OBX BA  0.81   
16.0%
0%
DOW  0.82   
16.0%
0%
SP 500  0.88   
17.0%
0%
NZSE  1.06   
21.0%
0%
Bovesp  1.08   
22.0%
0%
IPC  1.12   
22.0%
0%
Seoul   1.17   
23.0%
0%
Nasdaq  1.33   
27.0%
0%
Jakart  1.70   
34.0%
0%
NIKKEI  1.73   
35.0%
0%
Taiwan  3.26   
66.0%
0%
OSE Al  4.92   
100.0%
0%
 

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Check out Your Equity Center. Note that the OBX BASIC MAT information on this page should be used as a complementary analysis to other OBX BASIC'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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

Other Tools for OBX BASIC Index

When running OBX BASIC MAT price analysis, check to measure OBX BASIC'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 OBX BASIC is operating at the current time. Most of OBX BASIC's value examination focuses on studying past and present price action to predict the probability of OBX BASIC's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move OBX BASIC's price. Additionally, you may evaluate how the addition of OBX BASIC to your portfolios can decrease your overall portfolio volatility.
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