Wirtek Financial Statements From 2010 to 2024
| WIRTEK Stock | DKK 8.20 0.10 1.23% |
Check Wirtek AS financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Wirtek AS's main balance sheet or income statement drivers, such as , as well as many indicators such as . Wirtek financial statements analysis is a perfect complement when working with Wirtek AS Valuation or Volatility modules.
Wirtek |
Wirtek AS Company Shares Outstanding Analysis
Wirtek AS's Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Current Wirtek AS Shares Outstanding | 7.46 M |
Most of Wirtek AS's fundamental indicators, such as Shares Outstanding, 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, Wirtek AS is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
| Competition |
Based on the latest financial disclosure, Wirtek AS has 7.46 M of shares currently outstending. This is 96.07% lower than that of the IT Services sector and 97.42% lower than that of the Information Technology industry. The shares outstanding for all Denmark stocks is 98.7% higher than that of the company.
Wirtek AS Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Wirtek AS's current stock value. Our valuation model uses many indicators to compare Wirtek AS value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Wirtek AS competition to find correlations between indicators driving Wirtek AS's intrinsic value. More Info.Wirtek AS is rated first in return on equity category among its peers. It is rated first in return on asset category among its peers reporting about 0.35 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Wirtek AS is roughly 2.88 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Wirtek AS by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Wirtek AS'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 Wirtek AS Financial Statements
Wirtek AS stakeholders use historical fundamental indicators, such as Wirtek AS's revenue or net income, to determine how well the company is positioned to perform in the future. Although Wirtek AS investors may analyze each financial statement separately, they are all interrelated. For example, changes in Wirtek AS's assets and liabilities are reflected in the revenues and expenses on Wirtek AS'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 Wirtek AS. Please read more on our technical analysis and fundamental analysis pages.
Wirtek AS, an IT outsourcing company, provides software solutions and electronic equipment products in Denmark. The company was incorporated in 2001 and is headquartered in Aalborg, Denmark. WirTek AS operates under Information Technology Services classification in Denmark and is traded on Copenhagen Stock Exchange. It employs 180 people.
Pair Trading with Wirtek AS
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 Wirtek AS 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 Wirtek AS will appreciate offsetting losses from the drop in the long position's value.Moving together with Wirtek Stock
Moving against Wirtek Stock
The ability to find closely correlated positions to Wirtek AS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wirtek AS 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 Wirtek AS - 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 Wirtek AS to buy it.
The correlation of Wirtek AS 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 Wirtek AS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wirtek 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 Wirtek AS 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 Wirtek Stock
Wirtek AS financial ratios help investors to determine whether Wirtek 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 Wirtek with respect to the benefits of owning Wirtek AS security.