Okea ASA (Norway) Performance
| OKEA Stock | NOK 19.99 0.09 0.45% |
The company holds a Beta of -0.32, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Okea ASA are expected to decrease at a much lower rate. During the bear market, Okea ASA is likely to outperform the market. At this point, Okea ASA has a negative expected return of -0.0818%. Please make sure to check Okea ASA's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Okea 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 Okea ASA has generated negative risk-adjusted returns adding no value to investors with long positions. Despite quite persistent essential indicators, Okea 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 | 2 B | |
| Total Cashflows From Investing Activities | -2.4 B |
Okea |
Okea ASA Relative Risk vs. Return Landscape
If you would invest 2,146 in Okea ASA on September 1, 2024 and sell it today you would lose (147.00) from holding Okea ASA or give up 6.85% of portfolio value over 90 days. Okea ASA is generating negative expected returns and assumes 2.3577% volatility on return distribution over the 90 days horizon. Simply put, 20% of stocks are less volatile than Okea, 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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Okea ASA Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Okea ASA's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Okea ASA, and traders can use it to determine the average amount a Okea 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 = -0.0347
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| Negative Returns | OKEA |
Estimated Market Risk
| 2.36 actual daily | 21 79% of assets are more volatile |
Expected Return
| -0.08 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Okea 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 Okea ASA by adding Okea ASA to a well-diversified portfolio.
Okea ASA Fundamentals Growth
Okea Stock prices reflect investors' perceptions of the future prospects and financial health of Okea ASA, and Okea 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 Okea Stock performance.
| Return On Equity | 0.35 | |||
| Return On Asset | 0.16 | |||
| Profit Margin | 0.10 % | |||
| Operating Margin | 0.55 % | |||
| Current Valuation | 3.19 B | |||
| Shares Outstanding | 103.91 M | |||
| Price To Earning | 13.71 X | |||
| Price To Book | 1.99 X | |||
| Price To Sales | 0.57 X | |||
| Revenue | 6.4 B | |||
| EBITDA | 4.76 B | |||
| Cash And Equivalents | 1.1 B | |||
| Cash Per Share | 9.49 X | |||
| Total Debt | 1.85 B | |||
| Debt To Equity | 2.32 % | |||
| Book Value Per Share | 20.00 X | |||
| Cash Flow From Operations | 3.34 B | |||
| Earnings Per Share | 6.07 X | |||
| Total Asset | 15.62 B | |||
About Okea ASA Performance
By examining Okea ASA's fundamental ratios, stakeholders can obtain critical insights into Okea 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 Okea 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.
OKEA ASA, an oil and gas company, engages in the development and production of oil and gas in the Norwegian continental shelf. The company was incorporated in 2015 and is headquartered in Trondheim, Norway. OKEA ASA is traded on Oslo Stock Exchange in Norway.Things to note about Okea ASA performance evaluation
Checking the ongoing alerts about Okea ASA for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Okea ASA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Okea ASA generated a negative expected return over the last 90 days | |
| About 71.0% of the company outstanding shares are owned by corporate insiders |
- Analyzing Okea 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 Okea ASA's stock is overvalued or undervalued compared to its peers.
- Examining Okea 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 Okea ASA's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Okea ASA's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Okea ASA's stock. These opinions can provide insight into Okea ASA's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Okea Stock
Okea ASA financial ratios help investors to determine whether Okea 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 Okea with respect to the benefits of owning Okea ASA security.