Norva24 Group Financials
| NORVA Stock | 24.85 0.25 1.00% |
Norva24 |
Please note, the imprecision that can be found in Norva24 Group's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Norva24 Group AB. Check Norva24 Group's Beneish M Score to see the likelihood of Norva24 Group's management manipulating its earnings.
| Instrument | Sweden Stock View All |
| Exchange | Stockholm Exchange |
| ISIN | SE0017084759 |
| Business Address | Grandevegen 13, Stryn, |
| Sector | Industrials |
| Industry | Waste Management |
| Benchmark | Dow Jones Industrial |
| Website | www.norva24.com |
You should never invest in Norva24 Group without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Norva24 Stock, because this is throwing your money away. Analyzing the key information contained in Norva24 Group's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Norva24 Group Key Financial Ratios
There are many critical financial ratios that Norva24 Group's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Norva24 Group AB reports annually and quarterly.| Return On Equity | 0.0745 | |||
| Return On Asset | 0.045 | |||
| Target Price | 38.1 | |||
| Z Score | 14.4 |
Norva24 Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Norva24 Group's current stock value. Our valuation model uses many indicators to compare Norva24 Group value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Norva24 Group competition to find correlations between indicators driving Norva24 Group's intrinsic value. More Info.Norva24 Group AB 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 reporting about 0.60 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Norva24 Group AB is roughly 1.66 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Norva24 Group's earnings, one of the primary drivers of an investment's value.Norva24 Group AB Systematic Risk
Norva24 Group's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Norva24 Group volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on Norva24 Group AB correlated with the market. If Beta is less than 0 Norva24 Group generally moves in the opposite direction as compared to the market. If Norva24 Group Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Norva24 Group AB is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Norva24 Group is generally in the same direction as the market. If Beta > 1 Norva24 Group moves generally in the same direction as, but more than the movement of the benchmark.
Norva24 Group January 23, 2025 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Norva24 Group help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Norva24 Group AB. We use our internally-developed statistical techniques to arrive at the intrinsic value of Norva24 Group AB based on widely used predictive technical indicators. In general, we focus on analyzing Norva24 Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Norva24 Group's daily price indicators and compare them against related drivers.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 9.02 | |||
| Value At Risk | (3.37) | |||
| Potential Upside | 2.83 |
Additional Tools for Norva24 Stock Analysis
When running Norva24 Group's price analysis, check to measure Norva24 Group'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 Norva24 Group is operating at the current time. Most of Norva24 Group's value examination focuses on studying past and present price action to predict the probability of Norva24 Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Norva24 Group's price. Additionally, you may evaluate how the addition of Norva24 Group to your portfolios can decrease your overall portfolio volatility.