Airthings ASA (Norway) Performance
| AIRX Stock | NOK 2.42 0.08 3.20% |
The firm shows a Beta (market volatility) of -0.0874, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Airthings ASA are expected to decrease at a much lower rate. During the bear market, Airthings ASA is likely to outperform the market. At this point, Airthings ASA has a negative expected return of -0.0838%. Please make sure to confirm Airthings ASA's total risk alpha, maximum drawdown, skewness, as well as the relationship between the treynor ratio and potential upside , to decide if Airthings 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 Airthings ASA has generated negative risk-adjusted returns adding no value to investors with long positions. Despite quite persistent essential indicators, Airthings 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 | 62.9 M | |
| Total Cashflows From Investing Activities | -968 K |
Airthings |
Airthings ASA Relative Risk vs. Return Landscape
If you would invest 266.00 in Airthings ASA on August 28, 2024 and sell it today you would lose (24.00) from holding Airthings ASA or give up 9.02% of portfolio value over 90 days. Airthings ASA is generating negative expected returns and assumes 3.5722% volatility on return distribution over the 90 days horizon. Simply put, 31% of stocks are less volatile than Airthings, 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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Airthings ASA Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Airthings ASA's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Airthings ASA, and traders can use it to determine the average amount a Airthings 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 = -0.0235
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| Negative Returns | AIRX |
Estimated Market Risk
| 3.57 actual daily | 31 69% of assets are more volatile |
Expected Return
| -0.08 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Airthings 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 Airthings ASA by adding Airthings ASA to a well-diversified portfolio.
Airthings ASA Fundamentals Growth
Airthings Stock prices reflect investors' perceptions of the future prospects and financial health of Airthings ASA, and Airthings 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 Airthings Stock performance.
| Return On Equity | -0.15 | |||
| Return On Asset | -0.12 | |||
| Profit Margin | (0.24) % | |||
| Operating Margin | (0.37) % | |||
| Current Valuation | 558.72 M | |||
| Shares Outstanding | 173.99 M | |||
| Price To Book | 1.42 X | |||
| Price To Sales | 18.72 X | |||
| Revenue | 33.67 M | |||
| EBITDA | (7.75 M) | |||
| Cash And Equivalents | 462.2 M | |||
| Cash Per Share | 2.63 X | |||
| Total Debt | 3.8 M | |||
| Debt To Equity | 0.02 % | |||
| Book Value Per Share | 0.28 X | |||
| Cash Flow From Operations | (15.88 M) | |||
| Earnings Per Share | (0.41) X | |||
| Total Asset | 83.68 M | |||
About Airthings ASA Performance
By examining Airthings ASA's fundamental ratios, stakeholders can obtain critical insights into Airthings 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 Airthings 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.
Airthings ASA, together with its subsidiaries, develops, produces, markets, and sells radon measurement, indoor air quality, and energy efficiency monitors worldwide. The company was founded in 2008 and is headquartered in Oslo, Norway. AIRTHINGS ASA is traded on Oslo Stock Exchange in Norway.Things to note about Airthings ASA performance evaluation
Checking the ongoing alerts about Airthings ASA for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Airthings ASA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Airthings ASA generated a negative expected return over the last 90 days | |
| Airthings ASA has high historical volatility and very poor performance | |
| The company reported the revenue of 33.67 M. Net Loss for the year was (7.26 M) with profit before overhead, payroll, taxes, and interest of 20.63 M. | |
| Airthings ASA has accumulated about 462.2 M in cash with (15.88 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.63, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 51.0% of the company shares are held by company insiders |
- Analyzing Airthings 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 Airthings ASA's stock is overvalued or undervalued compared to its peers.
- Examining Airthings 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 Airthings ASA's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Airthings ASA's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Airthings ASA's stock. These opinions can provide insight into Airthings ASA's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Airthings Stock
Airthings ASA financial ratios help investors to determine whether Airthings 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 Airthings with respect to the benefits of owning Airthings ASA security.