OBBK08 PRO (Norway) Performance

The firm owns a Beta (Systematic Risk) of 0.0, which implies not very significant fluctuations relative to the market. Let's try to break down what OBBK08's beta means in this case. the returns on MARKET and OBBK08 PRO are completely uncorrelated. Although it is important to respect OBBK08 PRO existing price patterns, it is better to be realistic regarding the information on the equity's price patterns. The approach towards forecasting future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By evaluating OBBK08 PRO technical indicators, you can right now evaluate if the expected return of 0.0% will be sustainable into the future. OBBK08 PRO at this time owns a risk of 0.0%. Please check OBBK08 PRO coefficient of variation, variance, and the relationship between the downside deviation and standard deviation to decide if OBBK08 PRO will be following its current price history.
  
OBBK08 Performance
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Over the last 90 days OBBK08 PRO has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, OBBK08 PRO is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short-term losses for the investors. ...more
Fifty Two Week Low100.26
Fifty Two Week High100.26

OBBK08 PRO Relative Risk vs. Return Landscape

If you would invest (100.00)  in OBBK08 PRO on July 7, 2022 and sell it today you would earn a total of  100.00  from holding OBBK08 PRO or generate -100.0% return on investment over 90 days. OBBK08 PRO is generating negative expected returns and assumes 0.0% volatility on return distribution over the 90 days horizon. Simply put, 0% of stocks are less volatile than OBBK08, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days.
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OBBK08 PRO Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for OBBK08 PRO's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as OBBK08 PRO, and traders can use it to determine the average amount a OBBK08 PRO's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0

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OBBK08-PRO
Based on monthly moving average OBBK08 PRO is performing at about 0% 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 OBBK08 PRO by adding it to a well-diversified portfolio.

Things to note about OBBK08 PRO

Checking the ongoing alerts about OBBK08 PRO for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for OBBK08 PRO help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

OBBK08 PRO Alerts

Equity Alerts and Improvement Suggestions

OBBK08 PRO is not yet fully synchronised with the market data
OBBK08 PRO has some characteristics of a very speculative penny stock
Check out Your Equity Center. You can also try Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

Other Tools for OBBK08 Stock

When running OBBK08 PRO price analysis, check to measure OBBK08 PRO'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 OBBK08 PRO is operating at the current time. Most of OBBK08 PRO's value examination focuses on studying past and present price action to predict the probability of OBBK08 PRO's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move OBBK08 PRO's price. Additionally, you may evaluate how the addition of OBBK08 PRO to your portfolios can decrease your overall portfolio volatility.
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