Norse Competitors

OTC Stocks . USA . 
Stock . Norse Atlantic ASA
NRSAF Stock  USD 0.68  0.13  23.64%   
Norse Atlantic ASA competes with Norsk Titanium, Dialight Plc, Solstad Offshore, Freelancer, and Amaero International; as well as few others. The company classifies itself under Industrials sector and is part of Airlines industry. Analyzing Norse Atlantic competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Norse Atlantic to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Norse Atlantic Correlation with its peers.

Norse Atlantic vs Conrad Industries Correlation

Good diversification

The correlation between Norse Atlantic ASA and CNRD is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Norse Atlantic ASA and CNRD in the same portfolio, assuming nothing else is changed.

Moving against Norse OTC Stock

  0.87LTM LATAM Airlines GroupPairCorr
  0.81LUV Southwest AirlinesPairCorr
  0.79AICAF Air China LimitedPairCorr
  0.68DAL Delta Air LinesPairCorr
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Hype
Prediction
LowEstimatedHigh
0.030.686.64
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Intrinsic
Valuation
LowRealHigh
0.030.576.53
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as Norse Atlantic. Your research has to be compared to or analyzed against Norse Atlantic's peers to derive any actionable benefits. When done correctly, Norse Atlantic's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Norse Atlantic ASA.

Norse Atlantic Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Norse Atlantic and its competitors represents the degree of relationship between the price movements of corresponding otcs. A correlation of about +1.0 implies that the price of Norse and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Norse Atlantic ASA does not affect the price movement of the other competitor.

High positive correlations

DIGTF
+ 0.7
FLNCF
QEPC
+ 0.65
DIALF
QEPC
+ 0.64
AMROF
AMROF
+ 0.6
DIALF
SLOFF
+ 0.57
DIALF
AMROF
+ 0.42
NORSF
  

High negative correlations

BYYLF
- 1.0
SAFS
DIGTF
- 0.86
SLOFF
FLNCF
- 0.69
SLOFF
FLNCF
- 0.64
DIALF
DIGTF
- 0.55
DIALF
CNRD
- 0.43
NORSF

Risk-Adjusted Indicators

There is a big difference between Norse OTC Stock performing well and Norse Atlantic OTC Stock doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Norse Atlantic's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
NORSF  4.36  0.63  0.03 (0.20) 5.42 
(16.49)
 16.67 
(15.38)
 50.96 
DIALF  0.56  0.29  0.00 (1.35) 0.00 
 0.00 
 0.00 
 0.00 
 17.20 
SLOFF  0.59  0.28  0.00  1.68  0.00 
 0.00 
 0.00 
 0.00 
 19.77 
SAFS  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
FLNCF  11.09  1.84  0.06 (1.15) 12.07 
(42.41)
 42.86 
(31.25)
 167.61 
AMROF  6.74  0.66  0.07  0.42  6.76 
(12.49)
 18.75 
(11.76)
 63.81 
BYYLF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
DIGTF  1.76 (0.01) 0.00  0.06  0.00 
 0.00 
 0.00 
 0.00 
 58.12 
QEPC  1.36 (0.04)(0.02) 0.00  1.82 
(2.05)
 3.66 
(3.73)
 13.80 
CNRD  1.60 (0.05) 0.00 (0.04) 0.00 
 0.00 
 3.29 
(4.19)
 14.66 

Norse Atlantic Competitive Analysis

The better you understand Norse Atlantic competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Norse Atlantic's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Norse Atlantic's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
NRSAF NORSF DIALF SLOFF SAFS FLNCF AMROF BYYLF DIGTF QEPC
 23.64 
 0.68 
Norse
 15.38 
 0.11 
Norsk
 0.00 
 4.10 
Dialight
 0.00 
 3.09 
Solstad
 0.00 
 0.0001 
Safer
 10.00 
 0.22 
Freelancer
 8.33 
 0.22 
Amaero
 0.00 
 0.40 
Balyo
 48.15 
 0.01 
Thruvision
 1.07 
 38.00 
QEP
Market Volatility
(90 Days Market Risk)
Out of control
Out of control
Slightly risky
Moderately volatile
Very steady
Out of control
Out of control
Very steady
Out of control
Very steady
Market Performance
(90 Days Performance)
Weakest
Weakest
Good
Fair
Weakest
Soft
Mild
Weakest
Weakest
Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
High
Low
Low
Moderate
Low
Small
Low
Moderate
High
Low
Current Valuation
(Equity Enterprise Value)
Over Valued
Over Valued
Over Valued
Under Valued
Over Valued
Over Valued
Over Valued
Over Valued
Over Valued
Fairly Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Hold
Cautious Hold
Strong Hold
Strong Buy
Hold
Cautious Hold
Strong Hold
Hold
Cautious Hold
Strong Buy
Current Ratio
57.06
2.85
2.04
0.8
N/A
0.73
3.62
1.24
4.3
1.47
Net Asset
N/A
41.98 M
125.6 M
24.94 B
110.49 K
105.33 M
21.86 M
29.73 M
12.76 M
206.36 M
Profit Margin
N/A
N/A
0.0085
-0.33
N/A
-0.0632
N/A
-0.25
-0.17
0.006
EBITDA
(8.68 M)
(12.49 M)
10.9 M
1.2 B
N/A
1.78 M
(7.35 M)
297.8 K
(1.31 M)
18.03 M
Operating Margin
-16.88
-20.55
0.0223
0.0789
N/A
-0.0722
-14.94
-0.27
-0.22
0.0114
Current Valuation
N/A
52.05 M
167.92 M
2.37 B
67.25 K
72.79 M
15.49 M
23.73 M
34.13 M
123.27 M
Price To Book
N/A
3.47
1.36
1.21
N/A
5.0
7.65
5.53
0.0317
0.59
Retained Earnings
N/A
N/A
56 M
N/A
(3.05 M)
(4 M)
N/A
N/A
N/A
72.48 M
Current Asset
N/A
N/A
68 M
N/A
N/A
40 M
N/A
N/A
N/A
100.78 M
Beta
N/A
N/A
0.31
2.99
-104.93
0.6
1.93
1.8
0.88
-0.29
Number Of Employees
62
97
1.68 K
3.6 K
1
465
4
150
47
18
Shares Outstanding
206.08 M
240.25 M
32.95 M
77.31 M
1.35 M
452.33 M
415.46 M
33.71 M
147.17 M
3.29 M
Cash Flow From Operations
(6.78 M)
(20.87 M)
4 M
1.38 B
(172)
2.64 M
(7.96 M)
(3.06 M)
(1.57 M)
(11.04 M)
Annual Yield
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.0025
Total Debt
N/A
2.02 M
12.9 M
17.52 B
144.93 K
19.96 M
2.81 M
8.79 M
653 K
8.8 M
Return On Equity
N/A
-0.16
0.0222
-0.9
N/A
-0.12
-0.58
-5.43
-0.18
0.0338
Z Score
N/A
28.8
5.2
N/A
-42.6
1.8
22.2
1.2
N/A
5.0
Book Value Per Share
1.35
0.096
2.13
12.46
-0.34
0.055
0.061
-0.083
0.053
23.8
Return On Asset
N/A
-0.33
0.0171
0.0113
-0.5
-0.0249
-0.26
-0.13
-0.11
0.0151
Number Of Shares Shorted
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
790
Current Liabilities
N/A
N/A
34 M
N/A
506 K
35 M
N/A
N/A
N/A
57.23 M
Total Asset
N/A
41.98 M
125.6 M
24.94 B
110.49 K
105.33 M
21.86 M
29.73 M
12.76 M
206.36 M
Debt To Equity
N/A
0.099
0.5
N/A
N/A
0.7
0.23
7.74
0.069
1.08
Target Price
N/A
N/A
1.0
N/A
N/A
N/A
N/A
N/A
N/A
9.0
Short Ratio
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.05
Shares Owned By Institutions
8.15
5.54
78.38
8.71
N/A
N/A
39.69
25.06
73.99
9.62
Market Capitalization
71.31 M
98.39 M
102.39 M
240.68 M
3.39 K
79.61 M
103.86 M
22.79 M
4.99 B
46.87 M
Price To Earning
N/A
N/A
69.9
N/A
N/A
N/A
N/A
N/A
N/A
8.3
Price To Sales
5.58
63.42
0.83
0.0387
N/A
1.45
182.27
0.72
597.43
0.0971
Net Income
(7.84 M)
(15.99 M)
100 K
(1.1 B)
(87.23 K)
(2.26 M)
(8.62 M)
(1.93 M)
(1.66 M)
9.65 M
Earnings Per Share
-0.12
-0.093
0.05
-1.38
-0.69
-0.003
-0.027
-0.086
-0.034
1.52
Shares Owned By Insiders
6.39
76.86
4.98
47.05
N/A
82.52
24.9
15.11
17.48
N/A
Revenue
2.97 M
1.27 M
131.6 M
5.13 B
N/A
57.42 M
569.83 K
21.77 M
8.36 M
445.53 M
Working Capital
N/A
N/A
34 M
N/A
(506 K)
5 M
N/A
N/A
N/A
43.55 M
Cash And Equivalents
N/A
12.13 M
2.3 M
2.08 B
71
31.66 M
4.97 M
6.68 M
5.44 M
6.17 M
Cash Per Share
N/A
0.06
0.07
26.99
N/A
0.07
0.02
0.2
0.04
1.87
Gross Profit
(5.48 M)
(2.48 M)
47 M
2.81 B
N/A
47.73 M
(140.56 K)
10.01 M
3.9 M
120.75 M
Day Typical Price
0.68
0.11
4.1
3.09
1.0E-4
0.22
0.2
0.4
0.012
38.5
Accumulation Distribution
N/A
N/A
N/A
N/A
N/A
N/A
4390.91
N/A
N/A
27.19
Market Facilitation Index
N/A
N/A
N/A
N/A
N/A
N/A
0.0
N/A
N/A
0.0021
Daily Balance Of Power
9.2 T
0
0.0
0.0
0.0
9.2 T
(0.29)
0.0
9.2 T
(0.27)
Period Momentum Indicator
0.13
(0.02)
N/A
N/A
N/A
0.02
(0.02)
N/A
0.0039
(0.41)
Rate Of Daily Change
1.24
0.85
1.0
1.0
1.0
1.1
0.92
1.0
1.48
0.99
Day Median Price
0.68
0.11
4.1
3.09
1.0E-4
0.22
0.19
0.4
0.012
38.75
Price Action Indicator
0.065
(0.01)
N/A
N/A
N/A
0.01
0.025
N/A
0.002
(0.95)
Coefficient Of Variation
(14,192)
1741.07
731.73
812.4
N/A
1324.74
1299.34
N/A
(7,088)
18607.72
Mean Deviation
1.78
4.36
0.5639
0.5899
N/A
11.09
6.74
N/A
1.76
1.36
Jensen Alpha
(0.07)
0.6277
0.2932
0.2792
N/A
1.84
0.6622
N/A
(0.01)
(0.04)
Total Risk Alpha
(0.44)
(0.16)
0.1227
0.1088
N/A
0.0181
0.0173
N/A
(0.84)
(0.16)
Sortino Ratio
N/A
0.0294
N/A
N/A
N/A
0.0616
0.069
N/A
N/A
(0.02)
Downside Variance
N/A
209.4
N/A
N/A
N/A
751.07
106.83
N/A
N/A
5.71
Standard Deviation
5.3
8.62
2.13
2.43
N/A
23.3
10.17
N/A
9.36
2.2
Kurtosis
14.12
4.28
64.19
66.0
N/A
14.62
3.86
N/A
33.63
2.84
Potential Upside
3.95
16.67
N/A
N/A
N/A
42.86
18.75
N/A
N/A
3.66
Treynor Ratio
(0.11)
(0.20)
(1.35)
1.68
N/A
(1.15)
0.4185
N/A
0.0623
0.0025
Maximum Drawdown
36.87
50.96
17.2
19.77
N/A
167.61
63.81
N/A
58.12
13.8
Variance
28.11
74.29
4.53
5.92
N/A
542.93
103.48
N/A
87.63
4.84
Market Risk Adjusted Performance
(0.1)
(0.19)
(1.34)
1.69
N/A
(1.14)
0.4285
N/A
0.0723
0.0125
Risk Adjusted Performance
0.0028
0.0554
0.1165
0.106
N/A
0.0706
0.0713
N/A
(0)
0.0107
Skewness
2.12
1.11
7.97
8.12
N/A
2.74
1.21
N/A
(1.59)
0.3717
Semi Deviation
N/A
5.42
N/A
N/A
N/A
12.07
6.76
N/A
N/A
1.82
Information Ratio
(0.02)
0.0493
0.1038
0.0943
N/A
0.0725
0.0701
N/A
(0.02)
(0.03)
Value At Risk
(7.04)
(15.38)
N/A
N/A
N/A
(31.25)
(11.76)
N/A
N/A
(3.73)
Expected Short fall
N/A
(16.49)
N/A
N/A
N/A
(42.41)
(12.49)
N/A
N/A
(2.05)
Downside Deviation
N/A
14.47
N/A
N/A
N/A
27.41
10.34
N/A
N/A
2.39
Semi Variance
N/A
29.41
N/A
N/A
N/A
145.74
45.65
N/A
N/A
3.31

Norse Atlantic Competition Performance Charts

Five steps to successful analysis of Norse Atlantic Competition

Norse Atlantic's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Norse Atlantic ASA in relation to its competition. Norse Atlantic's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Norse Atlantic in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Norse Atlantic's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Norse Atlantic ASA, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

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Other Information on Investing in Norse OTC Stock

Norse Atlantic financial ratios help investors to determine whether Norse OTC 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 Norse with respect to the benefits of owning Norse Atlantic security.
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
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