North Financial Statements From 2010 to 2024
| NORTHM Stock | DKK 50.60 0.70 1.40% |
Check North Media financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among North Media's main balance sheet or income statement drivers, such as , as well as many indicators such as . North financial statements analysis is a perfect complement when working with North Media Valuation or Volatility modules.
North |
North Media AS Company Return On Equity Analysis
North Media's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current North Media Return On Equity | -0.0071 |
Most of North Media's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, North Media AS is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
| Competition |
Based on the latest financial disclosure, North Media AS has a Return On Equity of -0.0071. This is 100.07% lower than that of the Media sector and significantly lower than that of the Communication Services industry. The return on equity for all Denmark stocks is 97.71% lower than that of the firm.
North Media AS Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining North Media's current stock value. Our valuation model uses many indicators to compare North Media value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across North Media competition to find correlations between indicators driving North Media's intrinsic value. More Info.North Media AS is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value North Media by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for North Media's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About North Media Financial Statements
North Media stakeholders use historical fundamental indicators, such as North Media's revenue or net income, to determine how well the company is positioned to perform in the future. Although North Media investors may analyze each financial statement separately, they are all interrelated. For example, changes in North Media's assets and liabilities are reflected in the revenues and expenses on North Media's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in North Media AS. Please read more on our technical analysis and fundamental analysis pages.
The company disseminates offers and information to various Danish consumers through minetilbud.dk and distributes advertising materials, leaflets, local newspapers, and direct mails. North Media AS was founded in 1965 and is based in Sborg, Denmark. North Media operates under Publishing classification in Denmark and is traded on Copenhagen Stock Exchange. It employs 406 people.
Pair Trading with North Media
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if North Media position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in North Media will appreciate offsetting losses from the drop in the long position's value.Moving together with North Stock
Moving against North Stock
The ability to find closely correlated positions to North Media could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace North Media when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back North Media - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling North Media AS to buy it.
The correlation of North Media is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as North Media moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if North Media AS moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for North Media can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in North Stock
North Media financial ratios help investors to determine whether North 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 North with respect to the benefits of owning North Media security.