Nekkar Asa (Norway) Performance
| NKR Stock | NOK 9.80 0.16 1.66% |
The company secures a Beta (Market Risk) of 0.34, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nekkar Asa's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nekkar Asa is expected to be smaller as well. At this point, Nekkar Asa has a negative expected return of -0.0843%. Please make sure to verify Nekkar Asa's skewness, and the relationship between the treynor ratio and daily balance of power , to decide if Nekkar Asa performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Over the last 90 days Nekkar Asa has generated negative risk-adjusted returns adding no value to investors with long positions. Despite quite persistent basic indicators, Nekkar Asa is not utilizing all of its potentials. The latest stock price mess, may contribute to short-term losses for the institutional investors. ...more
| Begin Period Cash Flow | 355.1 M | |
| Total Cashflows From Investing Activities | -124.6 M |
Nekkar |
Nekkar Asa Relative Risk vs. Return Landscape
If you would invest 1,035 in Nekkar Asa on August 28, 2024 and sell it today you would lose (71.00) from holding Nekkar Asa or give up 6.86% of portfolio value over 90 days. Nekkar Asa is producing return of less than zero assuming 2.2872% volatility of returns over the 90 days investment horizon. Simply put, 20% of all stocks have less volatile historical return distribution than Nekkar Asa, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Nekkar Asa Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nekkar Asa's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Nekkar Asa, and traders can use it to determine the average amount a Nekkar 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 = -0.0369
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | NKR |
Estimated Market Risk
| 2.29 actual daily | 20 80% of assets are more volatile |
Expected Return
| -0.08 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 Nekkar 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 Nekkar Asa by adding Nekkar Asa to a well-diversified portfolio.
Nekkar Asa Fundamentals Growth
Nekkar Stock prices reflect investors' perceptions of the future prospects and financial health of Nekkar Asa, and Nekkar 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 Nekkar Stock performance.
| Return On Equity | 0.27 | |||
| Return On Asset | 0.13 | |||
| Profit Margin | 0.18 % | |||
| Operating Margin | 0.21 % | |||
| Current Valuation | 475.65 M | |||
| Shares Outstanding | 106.77 M | |||
| Price To Earning | 4.73 X | |||
| Price To Book | 2.07 X | |||
| Price To Sales | 1.52 X | |||
| Revenue | 479.98 M | |||
| EBITDA | 139.35 M | |||
| Cash And Equivalents | 174.5 M | |||
| Cash Per Share | 3.46 X | |||
| Total Debt | 4.23 M | |||
| Debt To Equity | 0.03 % | |||
| Book Value Per Share | 2.99 X | |||
| Cash Flow From Operations | (54.59 M) | |||
| Earnings Per Share | 0.75 X | |||
| Total Asset | 451.24 M | |||
About Nekkar Asa Performance
By examining Nekkar Asa's fundamental ratios, stakeholders can obtain critical insights into Nekkar 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 Nekkar 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.
Nekkar ASA operates in shipyard, aquaculture, renewables, and digital solutions. Nekkar ASA founded in 1966 and is headquartered in Kristiansand, Norway. NEKKAR ASA is traded on Oslo Stock Exchange in Norway.Things to note about Nekkar Asa performance evaluation
Checking the ongoing alerts about Nekkar Asa for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Nekkar Asa help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Nekkar Asa generated a negative expected return over the last 90 days | |
| Nekkar Asa has accumulated about 174.5 M in cash with (54.59 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.46. | |
| Roughly 58.0% of the company outstanding shares are owned by corporate insiders |
- Analyzing Nekkar 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 Nekkar Asa's stock is overvalued or undervalued compared to its peers.
- Examining Nekkar 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 Nekkar Asa's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Nekkar Asa's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Nekkar Asa's stock. These opinions can provide insight into Nekkar Asa's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Nekkar Stock
Nekkar Asa financial ratios help investors to determine whether Nekkar 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 Nekkar with respect to the benefits of owning Nekkar Asa security.