NEL ASA (Germany) Performance
| D7GA Stock | EUR 7.15 0.15 2.14% |
The company secures a Beta (Market Risk) of -0.32, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning NEL ASA are expected to decrease at a much lower rate. During the bear market, NEL ASA is likely to outperform the market. At this point, NEL ASA ADR30 has a negative expected return of -0.8%. Please make sure to verify NEL ASA's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if NEL ASA ADR30 performance from the past will be repeated in the future.
Risk-Adjusted Performance
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Over the last 90 days NEL ASA ADR30 has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Stock's technical and fundamental indicators remain nearly stable which may send shares a bit higher in January 2025. The current disturbance may also be a sign of long-run up-swing for the company stockholders. ...more
| Quick Ratio | 10.00 | |
| Fifty Two Week Low | 38.00 | |
| Fifty Two Week High | 108.00 |
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NEL ASA Relative Risk vs. Return Landscape
If you would invest 1,330 in NEL ASA ADR30 on September 2, 2024 and sell it today you would lose (615.00) from holding NEL ASA ADR30 or give up 46.24% of portfolio value over 90 days. NEL ASA ADR30 is producing return of less than zero assuming 5.1338% volatility of returns over the 90 days investment horizon. Simply put, 45% of all stocks have less volatile historical return distribution than NEL ASA, 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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NEL ASA Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NEL ASA's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as NEL ASA ADR30, and traders can use it to determine the average amount a NEL ASA's 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 = -0.156
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| Negative Returns | D7GA |
Estimated Market Risk
| 5.13 actual daily | 45 55% of assets are more volatile |
Expected Return
| -0.8 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.16 actual daily | 0 Most of other assets perform better |
Based on monthly moving average NEL ASA 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 NEL ASA by adding NEL ASA to a well-diversified portfolio.
NEL ASA Fundamentals Growth
NEL Stock prices reflect investors' perceptions of the future prospects and financial health of NEL ASA, and NEL ASA 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 NEL Stock performance.
| Return On Equity | 34.5 | |||
| Return On Asset | -5.22 | |||
| Profit Margin | 218.19 % | |||
| Operating Margin | (61.82) % | |||
| Current Valuation | (1.03 B) | |||
| Shares Outstanding | 48.56 M | |||
| Price To Earning | 14.43 X | |||
| Price To Book | 0.34 X | |||
| Price To Sales | 3.21 X | |||
| Revenue | 578.33 M | |||
| EBITDA | (280.76 M) | |||
| Cash And Equivalents | 4.07 B | |||
| Cash Per Share | 86.69 X | |||
| Total Debt | 130.7 M | |||
| Debt To Equity | 0.02 % | |||
| Book Value Per Share | 116.55 X | |||
| Cash Flow From Operations | (215.89 M) | |||
| Earnings Per Share | 2.73 X | |||
About NEL ASA Performance
By analyzing NEL ASA's fundamental ratios, stakeholders can gain valuable insights into NEL ASA's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if NEL ASA has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if NEL ASA has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Nel ASA, a hydrogen company, delivers various solutions to produce, store, and distribute hydrogen from renewable energy in Norway, the United States, Denmark, and South Korea. Nel ASA was founded in 1927 and is headquartered in Oslo, Norway. NEL ASA is traded on Frankfurt Stock Exchange in Germany.Things to note about NEL ASA ADR30 performance evaluation
Checking the ongoing alerts about NEL ASA for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for NEL ASA ADR30 help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| NEL ASA ADR30 generated a negative expected return over the last 90 days | |
| NEL ASA ADR30 has high historical volatility and very poor performance | |
| NEL ASA ADR30 has accumulated about 4.07 B in cash with (215.89 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 86.69, which can makes it an attractive takeover target, given it will continue generating positive cash flow. |
- Analyzing NEL ASA's 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 NEL ASA's stock is overvalued or undervalued compared to its peers.
- Examining NEL ASA's 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 NEL ASA's management team can have a significant impact on its success or failure. Reviewing the track record and experience of NEL ASA's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of NEL ASA's stock. These opinions can provide insight into NEL ASA's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for NEL Stock analysis
When running NEL ASA's price analysis, check to measure NEL ASA'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 NEL ASA is operating at the current time. Most of NEL ASA's value examination focuses on studying past and present price action to predict the probability of NEL ASA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NEL ASA's price. Additionally, you may evaluate how the addition of NEL ASA to your portfolios can decrease your overall portfolio volatility.
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