Norbit ASA (Norway) Performance
| NORBT Stock | NOK 96.30 1.10 1.16% |
Norbit ASA has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.37, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Norbit ASA are expected to decrease at a much lower rate. During the bear market, Norbit ASA is likely to outperform the market. Norbit ASA right now secures a risk of 1.91%. Please verify Norbit ASA potential upside, as well as the relationship between the kurtosis and day typical price , to decide if Norbit ASA will be following its current price movements.
Risk-Adjusted Performance
4 of 100
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Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Norbit ASA are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of very conflicting basic indicators, Norbit ASA may actually be approaching a critical reversion point that can send shares even higher in January 2025. ...more
| Begin Period Cash Flow | 15 M | |
| Total Cashflows From Investing Activities | -217.6 M |
Norbit |
Norbit ASA Relative Risk vs. Return Landscape
If you would invest 9,040 in Norbit ASA on September 2, 2024 and sell it today you would earn a total of 590.00 from holding Norbit ASA or generate 6.53% return on investment over 90 days. Norbit ASA is generating 0.1136% of daily returns and assumes 1.9134% volatility on return distribution over the 90 days horizon. Simply put, 17% of stocks are less volatile than Norbit, and 98% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Norbit ASA Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Norbit ASA's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Norbit ASA, and traders can use it to determine the average amount a Norbit 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 = 0.0594
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Estimated Market Risk
| 1.91 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Norbit ASA is performing at about 4% 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 Norbit ASA by adding it to a well-diversified portfolio.
Norbit ASA Fundamentals Growth
Norbit Stock prices reflect investors' perceptions of the future prospects and financial health of Norbit ASA, and Norbit 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 Norbit Stock performance.
| Return On Equity | 0.15 | |||
| Return On Asset | 0.0778 | |||
| Profit Margin | 0.07 % | |||
| Operating Margin | 0.12 % | |||
| Current Valuation | 1.99 B | |||
| Shares Outstanding | 59.18 M | |||
| Price To Earning | 88.61 X | |||
| Price To Book | 3.04 X | |||
| Price To Sales | 1.61 X | |||
| Revenue | 787.83 M | |||
| EBITDA | 140.9 M | |||
| Cash And Equivalents | 13.3 M | |||
| Cash Per Share | 0.39 X | |||
| Total Debt | 169.13 M | |||
| Debt To Equity | 0.36 % | |||
| Book Value Per Share | 9.47 X | |||
| Cash Flow From Operations | 47.7 M | |||
| Earnings Per Share | 1.34 X | |||
| Total Asset | 976.94 M | |||
About Norbit ASA Performance
By examining Norbit ASA's fundamental ratios, stakeholders can obtain critical insights into Norbit 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 Norbit 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.
It operates through three segments Oceans, Intelligent Traffic Systems, and Product Innovation Realization. The company was founded in 1980 and is headquartered in Trondheim, Norway. NORBIT ASA is traded on Oslo Stock Exchange in Norway.Things to note about Norbit ASA performance evaluation
Checking the ongoing alerts about Norbit ASA for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Norbit ASA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| About 66.0% of the company outstanding shares are owned by corporate insiders |
- Analyzing Norbit 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 Norbit ASA's stock is overvalued or undervalued compared to its peers.
- Examining Norbit 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 Norbit ASA's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Norbit ASA's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Norbit ASA's stock. These opinions can provide insight into Norbit ASA's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Norbit Stock
Norbit ASA financial ratios help investors to determine whether Norbit 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 Norbit with respect to the benefits of owning Norbit ASA security.