Nel ASA (Norway) Performance
| NEL Stock | NOK 3.03 0.11 3.77% |
The company secures a Beta (Market Risk) of -1.18, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Nel ASA are expected to decrease by larger amounts. On the other hand, during market turmoil, Nel ASA is expected to outperform it. At this point, Nel ASA has a negative expected return of -0.88%. Please make sure to verify Nel ASA's skewness, and the relationship between the treynor ratio and daily balance of power , to decide if Nel ASA 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 Nel ASA has generated negative risk-adjusted returns adding no value to investors with long positions. Despite uncertain performance in the last few months, the Stock's essential indicators remain quite persistent which may send shares a bit higher in December 2024. The latest mess may also be a sign of long-standing up-swing for the company institutional investors. ...more
| Begin Period Cash Flow | 2.3 B | |
| Total Cashflows From Investing Activities | -373.6 M |
Nel |
Nel ASA Relative Risk vs. Return Landscape
If you would invest 566.00 in Nel ASA on August 31, 2024 and sell it today you would lose (263.00) from holding Nel ASA or give up 46.47% of portfolio value over 90 days. Nel ASA is producing return of less than zero assuming 3.9046% volatility of returns over the 90 days investment horizon. Simply put, 34% 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, 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 = -0.2254
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| Negative Returns | NEL |
Estimated Market Risk
| 3.9 actual daily | 34 66% of assets are more volatile |
Expected Return
| -0.88 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.23 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 | -0.12 | |||
| Return On Asset | -0.0822 | |||
| Profit Margin | (0.92) % | |||
| Operating Margin | (1.13) % | |||
| Current Valuation | 20.75 B | |||
| Shares Outstanding | 1.56 B | |||
| Price To Earning | (25.38) X | |||
| Price To Book | 3.89 X | |||
| Price To Sales | 29.63 X | |||
| Revenue | 753.1 M | |||
| EBITDA | (1.57 B) | |||
| Cash And Equivalents | 2.71 B | |||
| Cash Per Share | 0.62 X | |||
| Total Debt | 136.7 M | |||
| Debt To Equity | 1.50 % | |||
| Book Value Per Share | 3.98 X | |||
| Cash Flow From Operations | (449.46 M) | |||
| Earnings Per Share | (0.68) X | |||
| Total Asset | 6.01 B | |||
| Retained Earnings | (24 M) | |||
| Current Asset | 352 M | |||
| Current Liabilities | 31 M | |||
About Nel ASA Performance
By examining Nel ASA's fundamental ratios, stakeholders can obtain critical insights into Nel ASA's 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 Nel ASA 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.
Nel ASA, a hydrogen company, delivers various solutions to produce, store, and distribute hydrogen from renewable energy worldwide. Nel ASA was founded in 1927 and is headquartered in Oslo, Norway. NEL ASA operates under Healthcare Services classification in Norway and is traded on Oslo Stock Exchange. It employs 251 people.Things to note about Nel ASA 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 help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Nel ASA generated a negative expected return over the last 90 days | |
| Nel ASA has high historical volatility and very poor performance | |
| The company reported the revenue of 753.1 M. Net Loss for the year was (1.67 B) with profit before overhead, payroll, taxes, and interest of 201.4 M. | |
| Nel ASA has accumulated about 2.71 B in cash with (449.46 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.62. |
- 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.
Other Information on Investing in Nel Stock
Nel ASA financial ratios help investors to determine whether Nel 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 Nel with respect to the benefits of owning Nel ASA security.