Norwegian Air (Norway) Performance
| NAS Stock | NOK 11.29 0.48 4.44% |
Norwegian Air has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.44, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Norwegian Air's returns are expected to increase less than the market. However, during the bear market, the loss of holding Norwegian Air is expected to be smaller as well. Norwegian Air Shuttle right now secures a risk of 3.32%. Please verify Norwegian Air Shuttle maximum drawdown, skewness, day typical price, as well as the relationship between the downside variance and daily balance of power , to decide if Norwegian Air Shuttle will be following its current price movements.
Risk-Adjusted Performance
3 of 100
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Weak
Compared to the overall equity markets, risk-adjusted returns on investments in Norwegian Air Shuttle are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. Despite quite weak basic indicators, Norwegian Air may actually be approaching a critical reversion point that can send shares even higher in December 2024. ...more
| Begin Period Cash Flow | 2.7 B | |
| Total Cashflows From Investing Activities | 222.6 M |
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Norwegian Air Relative Risk vs. Return Landscape
If you would invest 1,068 in Norwegian Air Shuttle on August 28, 2024 and sell it today you would earn a total of 61.00 from holding Norwegian Air Shuttle or generate 5.71% return on investment over 90 days. Norwegian Air Shuttle is generating 0.143% of daily returns assuming 3.3241% volatility of returns over the 90 days investment horizon. Simply put, 29% of all stocks have less volatile historical return distribution than Norwegian Air, and 98% 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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Norwegian Air Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Norwegian Air's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Norwegian Air Shuttle, and traders can use it to determine the average amount a Norwegian Air'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 = 0.043
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Estimated Market Risk
| 3.32 actual daily | 29 71% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Norwegian Air is performing at about 3% of its full potential. 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 Norwegian Air by adding it to a well-diversified portfolio.
Norwegian Air Fundamentals Growth
Norwegian Stock prices reflect investors' perceptions of the future prospects and financial health of Norwegian Air, and Norwegian Air 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 Norwegian Stock performance.
| Return On Equity | 0.33 | |||
| Return On Asset | -0.0447 | |||
| Profit Margin | 0.08 % | |||
| Operating Margin | (0.09) % | |||
| Current Valuation | 10.52 B | |||
| Shares Outstanding | 929.99 M | |||
| Price To Earning | 9.39 X | |||
| Price To Book | 1.61 X | |||
| Price To Sales | 0.70 X | |||
| Revenue | 5.07 B | |||
| EBITDA | 3.69 B | |||
| Cash And Equivalents | 3.02 B | |||
| Cash Per Share | 8.11 X | |||
| Total Debt | 8.54 B | |||
| Debt To Equity | 2.81 % | |||
| Book Value Per Share | 5.22 X | |||
| Cash Flow From Operations | 139.1 M | |||
| Earnings Per Share | 0.10 X | |||
| Total Asset | 18.83 B | |||
About Norwegian Air Performance
By examining Norwegian Air's fundamental ratios, stakeholders can obtain critical insights into Norwegian Air'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 Norwegian Air 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.
Norwegian Air Shuttle ASA, together with its subsidiaries, provides scheduled and charter airline services in Norway and internationally. Norwegian Air Shuttle ASA was founded in 1993 and is headquartered in Fornebu, Norway. NORWEGIAN AIR operates under Airlines classification in Norway and is traded on Oslo Stock Exchange. It employs 2812 people.Things to note about Norwegian Air Shuttle performance evaluation
Checking the ongoing alerts about Norwegian Air for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Norwegian Air Shuttle help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Norwegian Air had very high historical volatility over the last 90 days | |
| Norwegian Air has high likelihood to experience some financial distress in the next 2 years | |
| About 20.0% of the company outstanding shares are owned by corporate insiders |
- Analyzing Norwegian Air'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 Norwegian Air's stock is overvalued or undervalued compared to its peers.
- Examining Norwegian Air'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 Norwegian Air's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Norwegian Air's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Norwegian Air's stock. These opinions can provide insight into Norwegian Air's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Norwegian Stock
Norwegian Air financial ratios help investors to determine whether Norwegian 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 Norwegian with respect to the benefits of owning Norwegian Air security.