Otovo AS Financials
| OTOVO Stock | NOK 1.00 0.04 4.17% |
Otovo |
Understanding current and past Otovo AS Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Otovo AS's financial statements are interrelated, with each one affecting the others. For example, an increase in Otovo AS's assets may result in an increase in income on the income statement.
Otovo AS Stock Summary
Otovo AS competes with NorAm Drilling, Lery Seafood, Bien Sparebank, Sparebank, and Romsdal Sparebank. Otovo AS develops and supplies solar cells for private and corporate customers in Norway, Sweden, and Italy. The company was founded in 2016 and is based in Oslo, Norway. OTOVO AS is traded on Oslo Stock Exchange in Norway.| Instrument | Norway Stock View All |
| Exchange | Oslo Stock Exchange |
| ISIN | NO0010809783 |
| Business Address | Torggata 7, Oslo, |
| Sector | Utilities |
| Industry | Utilities—Renewable |
| Benchmark | Dow Jones Industrial |
| Website | www.otovo.no |
| Phone | 47 21 65 65 10 |
| Currency | NOK - Kroner |
You should never invest in Otovo AS without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Otovo Stock, because this is throwing your money away. Analyzing the key information contained in Otovo AS's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Otovo AS Key Financial Ratios
Otovo AS's financial ratios allow both analysts and investors to convert raw data from Otovo AS's financial statements into concise, actionable information that can be used to evaluate the performance of Otovo AS over time and compare it to other companies across industries.| Return On Equity | -0.59 | |||
| Return On Asset | -0.25 | |||
| Target Price | 34.67 | |||
| Beta | 0.82 |
Otovo Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Otovo AS's current stock value. Our valuation model uses many indicators to compare Otovo AS value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Otovo AS competition to find correlations between indicators driving Otovo AS's intrinsic value. More Info.Otovo AS is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value Otovo AS by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Otovo AS's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Otovo AS Systematic Risk
Otovo AS's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Otovo AS volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Otovo AS correlated with the market. If Beta is less than 0 Otovo AS generally moves in the opposite direction as compared to the market. If Otovo AS Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Otovo AS is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Otovo AS is generally in the same direction as the market. If Beta > 1 Otovo AS moves generally in the same direction as, but more than the movement of the benchmark.
Otovo AS December 1, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Otovo AS help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Otovo AS. We use our internally-developed statistical techniques to arrive at the intrinsic value of Otovo AS based on widely used predictive technical indicators. In general, we focus on analyzing Otovo Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Otovo AS's daily price indicators and compare them against related drivers.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 37.56 | |||
| Value At Risk | (6.36) | |||
| Potential Upside | 8.04 |
Other Information on Investing in Otovo Stock
Otovo AS financial ratios help investors to determine whether Otovo 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 Otovo with respect to the benefits of owning Otovo AS security.