Nordic Halibut AS Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024 - Marketscreener.com
| NOHAL Stock | NOK 22.20 0.40 1.77% |
About 62% of Nordic Halibut's investor base is looking to short. The analysis of current outlook of investing in Nordic Halibut AS suggests that many traders are alarmed regarding Nordic Halibut's prospects. Nordic Halibut's investing sentiment overview a quick insight into current market opportunities from investing in Nordic Halibut AS. Many technical investors use Nordic Halibut AS stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Nordic |
Nordic Halibut AS Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024 Marketscreener.com
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Nordic Halibut Fundamental Analysis
We analyze Nordic Halibut's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nordic Halibut using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nordic Halibut based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Z Score
Z Score Comparative Analysis
Nordic Halibut is currently under evaluation in z score category among its peers. Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
Nordic Halibut AS Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Nordic Halibut stock to make a market-neutral strategy. Peer analysis of Nordic Halibut could also be used in its relative valuation, which is a method of valuing Nordic Halibut by comparing valuation metrics with similar companies.
Peers
Nordic Halibut Related Equities
| AFISH | Arctic Fish | 1.43 | ||||
| SALME | Salmon Evolution | 0.91 | ||||
| ISLAX | Icelandic Salmon | 0.84 | ||||
| MAS | Masoval AS | 0.72 | ||||
| AUSS | Austevoll Seafood | 0.30 | ||||
| SALM | SalMar ASA | 0.26 |
Other Information on Investing in Nordic Stock
Nordic Halibut financial ratios help investors to determine whether Nordic 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 Nordic with respect to the benefits of owning Nordic Halibut security.