Bucharest BET-NG (Romania) Price on May 3, 2023
| BETNG Index | 1,205 1.32 0.11% |
Below is the normalized historical share price chart for Bucharest BET-NG extending back to January 25, 2012. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Bucharest BET-NG stands at 1,205, as last reported on the 23rd of April, with the highest price reaching 1,210 and the lowest price hitting 1,202 during the day.
If you're considering investing in Bucharest Index, it is important to understand the factors that can impact its price. Bucharest BET-NG secures Sharpe Ratio (or Efficiency) of 0.29, which signifies that the index had a 0.29% return per unit of standard deviation over the last 3 months. We have found twenty-six technical indicators for Bucharest BET-NG, which you can use to evaluate the volatility of the entity. Bucharest Index price history is provided at the adjusted basis, taking into account all of the recent filings.
Sharpe Ratio = 0.2854
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | BETNG | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.55 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.16 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.29 actual daily | 22 78% of assets perform better |
Based on monthly moving average Bucharest BET-NG is performing at about 22% 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 Bucharest BET-NG by adding it to a well-diversified portfolio.
Bucharest BET-NG Valuation on May 3, 2023
It is possible to determine the worth of Bucharest BET-NG on a given historical date. On May 3, 2023 Bucharest was worth 955.06 at the beginning of the trading date compared to the closed value of 948.69. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Bucharest BET-NG index. Still, in general, we apply an absolute valuation method to find Bucharest BET-NG'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 Bucharest BET-NG where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Bucharest BET-NG's related companies.
| Open | High | Low | Close | Volume | |
| 939.65 | 966.07 | 939.65 | 955.06 | 6,000,000 | |
05/03/2023 | 955.06 | 962.71 | 948.69 | 948.69 | 8,170,000 |
| 948.69 | 950.46 | 932.47 | 932.47 | 17,020,000 |
| Backtest Bucharest BET-NG | | | Bucharest BET-NG History | Previous | Next |
Bucharest BET-NG Trading Date Momentum on May 3, 2023
| On May 04 2023 Bucharest BET-NG was traded for 932.47 at the closing time. The highest price during the trading period was 950.46 and the lowest recorded bid was listed for 932.47 . The volume for the day was 17 M. This history from May 4, 2023 contributed to the next trading day price decline. The overall trading delta to the next closing price was 1.71% . The overall trading delta to the current price is 3.03% . |
Price Boundaries
Bucharest BET-NG Period Price Range
Low | May 3, 2023
| High |
955.06 | 948.69 |
Bucharest BET-NG April 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Bucharest BET-NG index reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bucharest BET-NG shares will generate the highest return on investment. By undertsting and applying Bucharest BET-NG index market strength indicators, traders can identify Bucharest BET-NG entry and exit signals to maximize returns
| Accumulation Distribution | 118980.0 | |||
| Daily Balance Of Power | (0.45) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 955.7 | |||
| Day Typical Price | 953.36 | |||
| Price Action Indicator | (10.19) | |||
| Period Momentum Indicator | 256.44 |
Bucharest BET-NG Technical Drivers
Bucharest BET-NG April 23, 2024 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Bucharest BET-NG's price direction in advance. Along with the technical and fundamental analysis of Bucharest Index historical price patterns, it is also worthwhile for investors to track various predictive indicators of Bucharest 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 | 0.0987 | |||
| Mean Deviation | 0.477 | |||
| Semi Deviation | 0.5204 | |||
| Downside Deviation | 0.669 | |||
| Coefficient Of Variation | 624.17 | |||
| Standard Deviation | 0.6193 | |||
| Variance | 0.3836 | |||
| Information Ratio | 0.0161 | |||
| Total Risk Alpha | 0.0095 | |||
| Sortino Ratio | 0.0149 | |||
| Maximum Drawdown | 2.42 | |||
| Value At Risk | (1.01) | |||
| Potential Upside | 1.16 | |||
| Downside Variance | 0.4476 | |||
| Semi Variance | 0.2709 | |||
| Expected Short fall | (0.50) | |||
| Skewness | (0.56) | |||
| Kurtosis | 1.14 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any index could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Bucharest BET-NG information on this page should be used as a complementary analysis to other Bucharest BET-NG'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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.