BlueNord ASA (Norway) Performance
| BNOR Stock | 591.00 5.00 0.85% |
On a scale of 0 to 100, BlueNord ASA holds a performance score of 17. The firm shows a Beta (market volatility) of 0.38, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, BlueNord ASA's returns are expected to increase less than the market. However, during the bear market, the loss of holding BlueNord ASA is expected to be smaller as well. Please check BlueNord ASA's treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether BlueNord ASA's price patterns will revert.
Risk-Adjusted Performance
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Solid
Compared to the overall equity markets, risk-adjusted returns on investments in BlueNord ASA are ranked lower than 17 (%) of all global equities and portfolios over the last 90 days. Despite quite conflicting essential indicators, BlueNord ASA disclosed solid returns over the last few months and may actually be approaching a breakup point. ...more
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BlueNord ASA Relative Risk vs. Return Landscape
If you would invest 45,500 in BlueNord ASA on September 12, 2024 and sell it today you would earn a total of 13,600 from holding BlueNord ASA or generate 29.89% return on investment over 90 days. BlueNord ASA is generating 0.4199% of daily returns and assumes 1.8472% volatility on return distribution over the 90 days horizon. Simply put, 16% of stocks are less volatile than BlueNord, and 92% 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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BlueNord ASA Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for BlueNord ASA's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as BlueNord ASA, and traders can use it to determine the average amount a BlueNord 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 = 0.2273
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Estimated Market Risk
| 1.85 actual daily | 16 84% of assets are more volatile |
Expected Return
| 0.42 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.23 actual daily | 17 83% of assets perform better |
Based on monthly moving average BlueNord ASA is performing at about 17% 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 BlueNord ASA by adding it to a well-diversified portfolio.
Things to note about BlueNord ASA performance evaluation
Checking the ongoing alerts about BlueNord ASA for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for BlueNord ASA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating BlueNord ASA's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate BlueNord ASA's stock performance include:- Analyzing BlueNord 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 BlueNord ASA's stock is overvalued or undervalued compared to its peers.
- Examining BlueNord 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 BlueNord ASA's management team can have a significant impact on its success or failure. Reviewing the track record and experience of BlueNord ASA's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of BlueNord ASA's stock. These opinions can provide insight into BlueNord ASA's potential for growth and whether the stock is currently undervalued or overvalued.