Horisont Energi Current Valuation vs. Beta

HRGI Stock  NOK 2.69  0.06  2.18%   
Considering the key profitability indicators obtained from Horisont Energi's historical financial statements, Horisont Energi AS may not be well positioned to generate adequate gross income at the moment. It has a very high risk of underperforming in January. Profitability indicators assess Horisont Energi's ability to earn profits and add value for shareholders.
For Horisont Energi profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Horisont Energi to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Horisont Energi AS utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Horisont Energi's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Horisont Energi AS over time as well as its relative position and ranking within its peers.
  
Check out Risk vs Return Analysis.
Please note, there is a significant difference between Horisont Energi's value and its price as these two are different measures arrived at by different means. Investors typically determine if Horisont Energi is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Horisont Energi's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Horisont Energi AS Beta vs. Current Valuation Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Horisont Energi's current stock value. Our valuation model uses many indicators to compare Horisont Energi value to that of its competitors to determine the firm's financial worth.
Horisont Energi AS is rated as one of the top companies in current valuation category among its peers. It also is one of the top stocks in beta category among its peers . The ratio of Current Valuation to Beta for Horisont Energi AS is about  523,604,881 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Horisont Energi's earnings, one of the primary drivers of an investment's value.

Horisont Current Valuation vs. Competition

Horisont Energi AS is rated as one of the top companies in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Specialty Chemicals industry is currently estimated at about 133.06 Billion. Horisont Energi adds roughly 412.6 Million in current valuation claiming only tiny portion of equities listed under Specialty Chemicals industry.

Horisont Beta vs. Current Valuation

Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.

Horisont Energi

Enterprise Value

 = 

Market Cap + Debt

-

Cash

 = 
412.6 M
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Horisont Energi

Beta

 = 

Covariance

Variance

 = 
0.79
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

Horisont Beta Comparison

Horisont Energi is currently under evaluation in beta category among its peers.

Beta Analysis

As returns on the market increase, Horisont Energi's returns are expected to increase less than the market. However, during the bear market, the loss of holding Horisont Energi is expected to be smaller as well.

Horisont Energi Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Horisont Energi, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Horisont Energi will eventually generate negative long term returns. The profitability progress is the general direction of Horisont Energi's change in net profit over the period of time. It can combine multiple indicators of Horisont Energi, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Horisont Energi AS focuses on the production of blue hydrogen and blue ammonia in Norway. Horisont Energi AS was founded in 2019 and is headquartered in Sandnes, Norway. HORISONT ENERGI is traded on Oslo Stock Exchange in Norway.

Horisont Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Horisont Energi. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Horisont Energi position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Horisont Energi's important profitability drivers and their relationship over time.

Use Horisont Energi in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Horisont Energi position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Horisont Energi will appreciate offsetting losses from the drop in the long position's value.

Horisont Energi Pair Trading

Horisont Energi AS Pair Trading Analysis

The ability to find closely correlated positions to Horisont Energi could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Horisont Energi when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Horisont Energi - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Horisont Energi AS to buy it.
The correlation of Horisont Energi is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Horisont Energi moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Horisont Energi AS moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Horisont Energi can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Horisont Energi position

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Other Information on Investing in Horisont Stock

To fully project Horisont Energi's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Horisont Energi AS at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Horisont Energi's income statement, its balance sheet, and the statement of cash flows.
Potential Horisont Energi investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Horisont Energi investors may work on each financial statement separately, they are all related. The changes in Horisont Energi's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Horisont Energi's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.