BlueNord Competitors

BNOR Stock

586.00 7.00 1.18%

BlueNord ASA competes with Equinor ASA, DnB ASA, Aker BP, Telenor ASA, and Norsk Hydro; as well as few others. Analyzing BlueNord ASA competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of BlueNord ASA to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of BlueNord ASA competition on your existing holdings.

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BlueNord ASA Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between BlueNord ASA and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of BlueNord and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of BlueNord ASA does not affect the price movement of the other competitor.

	EQNR	DNB	AKRBP	TEL	NHY	YAR	MOWI
EQNR		0.02	0.63	-0.38	0.26	0.15	0.28	EQNR
DNB	0.02		0.14	0.11	0.63	-0.06	0.76	DNB
AKRBP	0.63	0.14		-0.1	0.49	0.43	0.22	AKRBP
TEL	-0.38	0.11	-0.1		0.02	-0.01	-0.27	TEL
NHY	0.26	0.63	0.49	0.02		0.48	0.63	NHY
YAR	0.15	-0.06	0.43	-0.01	0.48		-0.05	YAR
MOWI	0.28	0.76	0.22	-0.27	0.63	-0.05		MOWI
	EQNR	DNB	AKRBP	TEL	NHY	YAR	MOWI

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High positive correlations

MOWI	+ 0.76	DNB
AKRBP	+ 0.63	EQNR
NHY	+ 0.63	DNB
MOWI	+ 0.63	NHY
NHY	+ 0.49	AKRBP
YAR	+ 0.48	NHY

High negative correlations

TEL	- 0.38	EQNR
MOWI	- 0.27	TEL
TEL	- 0.1	AKRBP
YAR	- 0.06	DNB
MOWI	- 0.05	YAR
YAR	- 0.01	TEL

Risk-Adjusted Indicators

There is a big difference between BlueNord Stock performing well and BlueNord ASA Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze BlueNord ASA's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
EQNR	1.42	0.07	(0.03)	(0.28)	1.79	(1.44)	2.88	(3.22)	8.36
DNB	0.74	0.13	(0.02)	(0.37)	0.78	(0.87)	1.31	(1.31)	8.54
AKRBP	1.43	0.03	(0.03)	0.37	1.80	(1.53)	3.44	(3.68)	8.12
TEL	0.77	(0.03)	0.00	0.24	0.00	0.00	1.85	(1.76)	7.39
NHY	1.64	0.28	0.09	1.53	1.71	(1.83)	4.41	(3.70)	10.98
YAR	1.01	0.19	0.05	(0.89)	0.93	(1.12)	2.48	(1.66)	7.38
MOWI	0.85	0.15	0.02	(1.67)	1.01	(0.90)	1.91	(1.80)	6.09

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BlueNord ASA Competitive Analysis

The better you understand BlueNord ASA competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, BlueNord ASA's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across BlueNord ASA's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	BNOR	EQNR	DNB	AKRBP	TEL	NHY	YAR	MOWI
	1.18 586.00 BlueNord	0.52 265.40 Equinor	0.66 229.60 DnB	1.59 223.50 Aker	0.47 127.00 Telenor	0.86 66.98 Norsk	0.61 326.50 Yara	0.64 202.40 Mowi
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Solid	Weak	OK	Weak	Very Weak	OK	OK	OK
Odds of Financial Distress (Probability Of Bankruptcy)	Unknown	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Under Valued	Over Valued	Over Valued	Over Valued	Over Valued	Fairly Valued	Over Valued	Over Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Buy	Strong Sell	Strong Sell	Strong Sell	Strong Sell	Strong Hold	Strong Sell	Strong Sell
Current Ratio		1.71 X	N/A	1.06 X	0.70 X	1.77 X	1.53 X	3.27 X
Net Asset		158.02 B	3.24 T	14.47 B	239.25 B	174.51 B	17.98 B	6.26 B
Profit Margin		0.19 %	0.46 %	0.12 %	0.45 %	0.15 %	0.12 %	0.16 %
EBITDA		86.37 B	44.35 B	4.15 B	44.07 B	26.02 B	4.53 B	1.03 B
Operating Margin		0.50 %	0.60 %	0.76 %	0.19 %	0.27 %	0.16 %	0.20 %
Current Valuation		1.01 T	847.78 B	210.3 B	246.9 B	139.55 B	145.23 B	102.07 B
Price To Book		2.66 X	1.15 X	1.63 X	5.14 X	1.45 X	1.42 X	2.25 X
Current Asset		30.75 B	N/A	N/A	N/A	N/A	41.42 B	N/A
Five Year Return		4.59 %	3.71 %	N/A	5.27 %	2.90 %	3.04 %	N/A
Retained Earnings		N/A	N/A	N/A	N/A	N/A	60.9 B	N/A
Beta		0.53	1.27	1.48	0.083	1.4	0.48	0.87
Number Of Employees		29	10.24 K	10	62	31 K	39	10.48 K
Shares Outstanding		3.12 B	1.55 B	631.3 M	1.4 B	2.04 B	254.73 M	517.11 M
Cash Flow From Operations		35.14 B	41.59 B	4.28 B	39.22 B	10.68 B	2.39 B	833.1 M
Annual Yield		0.02 %	0.07 %	0.08 %	0.08 %	0.04 %	0.12 %	0.04 %
Total Debt		26.55 B	541.91 B	3.67 B	107.71 B	21.99 B	3.89 B	1.69 B
Return On Equity		0.62	0.11	0.22	0.28	0.34	0.35	0.22
Z Score		22.8	N/A	31.2	0.6	4.2	24.4	32.4
Return On Asset		0.31	0.0087	0.24	0.0493	0.19	0.13	0.0933
Book Value Per Share		17.24 X	161.63 X	19.68 X	42.98 X	52.21 X	33.71 X	6.79 X
Current Liabilities		19.6 B	N/A	N/A	N/A	N/A	21.47 B	N/A
Total Asset		158.02 B	3.24 T	14.47 B	239.25 B	174.51 B	17.98 B	6.26 B
Debt To Equity		0.96 %	N/A	1.87 %	4.94 %	31.30 %	0.52 %	49.20 %
Target Price		366.0	215.26	359.12	121.53	76.54	479.98	202.26
Last Dividend Paid		0.9	9.75	2.0	9.4	4.85	5.58	0.61
Shares Owned By Institutions		21.29 %	46.87 %	27.02 %	31.23 %	38.44 %	40.79 %	46.03 %
Market Capitalization		1.02 T	297.57 B	191.84 B	162.04 B	155.25 B	117.15 B	91.61 B
Price To Earning		260.82 X	16.87 X	28.30 X	14.70 X	28.69 X	17.05 X	248.18 X
Price To Earnings To Growth		3.08 X	1.34 X	N/A	1.33 X	0.56 X	1.37 X	N/A
Price To Sales		7.73 X	4.55 X	17.74 X	1.14 X	0.67 X	4.62 X	17.23 X
Net Income		78.6 B	32.78 B	850.7 M	10.73 B	12.16 B	3.64 B	487.6 M
Earnings Per Share		93.16 X	20.47 X	44.35 X	6.62 X	15.03 X	82.94 X	15.48 X
Shares Owned By Insiders		68.73 %	42.42 %	51.41 %	53.97 %	34.26 %	36.22 %	14.66 %
Revenue		149 B	65.5 B	5.64 B	98.95 B	149.65 B	23.9 B	4.17 B
Working Capital		11.15 B	N/A	N/A	N/A	N/A	19.95 B	N/A
Cash And Equivalents		15.58 B	694.2 B	1.97 B	9.93 B	22.92 B	1.01 B	N/A
Cash Per Share		7.72 X	447.77 X	2.71 X	14.35 X	5.71 X	6.22 X	N/A
Gross Profit		85.59 B	56.7 B	12.04 B	62.55 B	60.81 B	6.55 B	1.86 B
Day Typical Price	587.33	265.33	229.3	224.6	127.23	66.91	327.2	202.9
Accumulation Distribution	288.32	29400.55	7715.95	8155.25	12604.58	50482.91	4864.08	13211.83
Market Facilitation Index	4.0E-4	0.0	0.0	0.0	0.0	N/A	0.0	0.0
Daily Balance Of Power	(0.88)	(0.42)	1.0	(1.09)	(0.40)	(0.71)	(0.44)	(0.37)
Period Momentum Indicator	(7.00)	(1.40)	1.5	(3.60)	(0.60)	(0.58)	(2.00)	(1.30)
Rate Of Daily Change	0.99	0.99	1.01	0.98	1.0	0.99	0.99	0.99
Day Median Price	588.0	265.3	229.15	225.15	127.35	66.87	327.55	203.15
Price Action Indicator	(5.50)	(0.60)	1.2	(3.45)	(0.65)	(0.18)	(2.05)	(1.40)
Relative Strength Index	66.23	54.08	51.48	49.5	43.13	56.77	38.54	58.51
Coefficient Of Variation	440.85	3021.02	1018.16	3267.29	(2,197)	715.09	758.67	790.52
Mean Deviation	1.54	1.42	0.7437	1.43	0.7726	1.64	1.01	0.8497
Jensen Alpha	0.3638	0.0732	0.1281	0.0336	(0.03)	0.2786	0.1879	0.1487
Total Risk Alpha	0.1159	(0.24)	(0.08)	(0.26)	(0.24)	(0.05)	(0.05)	(0.05)
Sortino Ratio	0.1655	(0.03)	(0.02)	(0.03)	N/A	0.0926	0.0463	0.0206
Downside Variance	3.14	3.49	0.7811	3.62	N/A	4.06	1.27	1.44
Standard Deviation	1.84	1.87	1.09	1.93	1.15	2.22	1.34	1.18
Kurtosis	(0.67)	0.3475	9.83	0.3271	5.33	0.8767	1.11	1.85
Potential Upside	3.48	2.88	1.31	3.44	1.85	4.41	2.48	1.91
Treynor Ratio	1.07	(0.28)	(0.37)	0.3652	0.2406	1.53	(0.89)	(1.67)
Maximum Drawdown	6.56	8.36	8.54	8.12	7.39	10.98	7.38	6.09
Variance	3.39	3.49	1.2	3.72	1.32	4.95	1.79	1.39
Market Risk Adjusted Performance	1.08	(0.27)	(0.36)	0.3752	0.2506	1.54	(0.88)	(1.66)
Risk Adjusted Performance	0.1699	0.03	0.0743	0.0284	(0.03)	0.1078	0.0998	0.0952
Skewness	(0.09)	0.0798	1.66	(0.1)	1.4	0.4088	0.7277	(0.01)
Semi Deviation	1.37	1.79	0.777	1.8	N/A	1.71	0.9341	1.01
Information Ratio	0.1592	(0.03)	(0.02)	(0.03)	(0.15)	0.0839	0.0389	0.0209
Value At Risk	(2.14)	(3.22)	(1.31)	(3.68)	(1.76)	(3.70)	(1.66)	(1.80)
Expected Short fall	(1.65)	(1.44)	(0.87)	(1.53)	N/A	(1.83)	(1.12)	(0.90)
Downside Deviation	1.77	1.87	0.8838	1.9	N/A	2.02	1.13	1.2
Semi Variance	1.86	3.21	0.6037	3.25	N/A	2.93	0.8725	1.03

BlueNord ASA Competition Performance Charts

Five steps to successful analysis of BlueNord ASA Competition

BlueNord ASA's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by BlueNord ASA in relation to its competition. BlueNord ASA's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of BlueNord ASA in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact BlueNord ASA's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to BlueNord ASA, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your BlueNord ASA position

In addition to having BlueNord ASA in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Banks - Regional theme has 19 constituents at this time.

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