Cavendish Hydrogen (Norway) Performance
| CAVEN Stock | 8.99 0.77 9.37% |
The firm shows a Beta (market volatility) of -0.51, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Cavendish Hydrogen are expected to decrease at a much lower rate. During the bear market, Cavendish Hydrogen is likely to outperform the market. At this point, Cavendish Hydrogen ASA has a negative expected return of -0.25%. Please make sure to confirm Cavendish Hydrogen's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Cavendish Hydrogen 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 Cavendish Hydrogen ASA has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of conflicting performance in the last few months, the Stock's basic indicators remain very healthy which may send shares a bit higher in December 2024. The recent disarray may also be a sign of long period up-swing for the firm investors. ...more
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Cavendish Hydrogen Relative Risk vs. Return Landscape
If you would invest 1,126 in Cavendish Hydrogen ASA on September 1, 2024 and sell it today you would lose (227.00) from holding Cavendish Hydrogen ASA or give up 20.16% of portfolio value over 90 days. Cavendish Hydrogen ASA is generating negative expected returns and assumes 4.3054% volatility on return distribution over the 90 days horizon. Simply put, 38% of stocks are less volatile than Cavendish, 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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Cavendish Hydrogen Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cavendish Hydrogen's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Cavendish Hydrogen ASA, and traders can use it to determine the average amount a Cavendish Hydrogen'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 = -0.0576
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| Negative Returns | CAVEN |
Estimated Market Risk
| 4.31 actual daily | 38 62% of assets are more volatile |
Expected Return
| -0.25 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Cavendish Hydrogen 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 Cavendish Hydrogen by adding Cavendish Hydrogen to a well-diversified portfolio.
Things to note about Cavendish Hydrogen ASA performance evaluation
Checking the ongoing alerts about Cavendish Hydrogen for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Cavendish Hydrogen ASA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Cavendish Hydrogen generated a negative expected return over the last 90 days | |
| Cavendish Hydrogen has high historical volatility and very poor performance |
- Analyzing Cavendish Hydrogen'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 Cavendish Hydrogen's stock is overvalued or undervalued compared to its peers.
- Examining Cavendish Hydrogen'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 Cavendish Hydrogen's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Cavendish Hydrogen's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Cavendish Hydrogen's stock. These opinions can provide insight into Cavendish Hydrogen's potential for growth and whether the stock is currently undervalued or overvalued.