Avance Gas (Norway) Performance
| AGAS Stock | NOK 104.00 2.60 2.56% |
The firm shows a Beta (market volatility) of 0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Avance Gas' returns are expected to increase less than the market. However, during the bear market, the loss of holding Avance Gas is expected to be smaller as well. At this point, Avance Gas Holding has a negative expected return of -0.087%. Please make sure to confirm Avance Gas' market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Avance Gas Holding performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Avance Gas Holding has generated negative risk-adjusted returns adding no value to investors with long positions. Despite quite persistent essential indicators, Avance Gas is not utilizing all of its potentials. The recent stock price mess, may contribute to short-term losses for the institutional investors. ...more
| Begin Period Cash Flow | 75.9 M | |
| Total Cashflows From Investing Activities | -60.2 M |
Avance |
Avance Gas Relative Risk vs. Return Landscape
If you would invest 10,890 in Avance Gas Holding on August 28, 2024 and sell it today you would lose (750.00) from holding Avance Gas Holding or give up 6.89% of portfolio value over 90 days. Avance Gas Holding is generating negative expected returns and assumes 2.1443% volatility on return distribution over the 90 days horizon. Simply put, 19% of stocks are less volatile than Avance, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Avance Gas Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avance Gas' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Avance Gas Holding, and traders can use it to determine the average amount a Avance Gas' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0406
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| Negative Returns | AGAS |
Estimated Market Risk
| 2.14 actual daily | 19 81% of assets are more volatile |
Expected Return
| -0.09 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Avance Gas is not performing at its full potential. However, 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 Avance Gas by adding Avance Gas to a well-diversified portfolio.
Avance Gas Fundamentals Growth
Avance Stock prices reflect investors' perceptions of the future prospects and financial health of Avance Gas, and Avance Gas fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Avance Stock performance.
| Return On Equity | 0.11 | |||
| Return On Asset | 0.0433 | |||
| Profit Margin | 0.26 % | |||
| Operating Margin | 0.29 % | |||
| Current Valuation | 8.08 B | |||
| Shares Outstanding | 76.6 M | |||
| Price To Earning | 3.95 X | |||
| Price To Book | 0.87 X | |||
| Price To Sales | 21.69 X | |||
| Revenue | 210.68 M | |||
| EBITDA | 94.79 M | |||
| Cash And Equivalents | 101.91 M | |||
| Cash Per Share | 1.41 X | |||
| Total Debt | 345.41 M | |||
| Debt To Equity | 0.78 % | |||
| Book Value Per Share | 7.61 X | |||
| Cash Flow From Operations | 72.6 M | |||
| Earnings Per Share | 8.36 X | |||
| Total Asset | 955.38 M | |||
About Avance Gas Performance
By examining Avance Gas' fundamental ratios, stakeholders can obtain critical insights into Avance Gas' financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Avance Gas is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
Avance Gas Holding Ltd, together with its subsidiaries, engages in the transportation of liquefied petroleum gas . The company was founded in 2007 and is based in Hamilton, Bermuda. AVANCE GAS operates under Oil Gas Integrated classification in Norway and is traded on Oslo Stock Exchange. It employs 7 people.Things to note about Avance Gas Holding performance evaluation
Checking the ongoing alerts about Avance Gas for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Avance Gas Holding help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Avance Gas Holding generated a negative expected return over the last 90 days | |
| About 84.0% of the company shares are held by company insiders |
- Analyzing Avance Gas' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Avance Gas' stock is overvalued or undervalued compared to its peers.
- Examining Avance Gas' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Avance Gas' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Avance Gas' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Avance Gas' stock. These opinions can provide insight into Avance Gas' potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Avance Stock
Avance Gas financial ratios help investors to determine whether Avance 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 Avance with respect to the benefits of owning Avance Gas security.