Nitro Games (Sweden) Performance
| NITRO Stock | SEK 2.32 0.06 2.65% |
The company secures a Beta (Market Risk) of -0.17, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nitro Games are expected to decrease at a much lower rate. During the bear market, Nitro Games is likely to outperform the market. At this point, Nitro Games Oyj has a negative expected return of -0.0669%. Please make sure to verify Nitro Games' treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if Nitro Games Oyj 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 Nitro Games Oyj has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable basic indicators, Nitro Games is not utilizing all of its potentials. The current stock price uproar, may contribute to short-horizon losses for the private investors. ...more
| Begin Period Cash Flow | 3 M | |
| Total Cashflows From Investing Activities | -545.5 K |
Nitro |
Nitro Games Relative Risk vs. Return Landscape
If you would invest 262.00 in Nitro Games Oyj on September 14, 2024 and sell it today you would lose (30.00) from holding Nitro Games Oyj or give up 11.45% of portfolio value over 90 days. Nitro Games Oyj is generating negative expected returns and assumes 5.0025% volatility on return distribution over the 90 days horizon. Simply put, 44% of stocks are less volatile than Nitro, 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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Nitro Games Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nitro Games' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Nitro Games Oyj, and traders can use it to determine the average amount a Nitro Games' 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 = -0.0134
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| Negative Returns | NITRO |
Estimated Market Risk
| 5.0 actual daily | 44 56% of assets are more volatile |
Expected Return
| -0.07 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Nitro Games 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 Nitro Games by adding Nitro Games to a well-diversified portfolio.
Nitro Games Fundamentals Growth
Nitro Stock prices reflect investors' perceptions of the future prospects and financial health of Nitro Games, and Nitro Games 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 Nitro Stock performance.
| Return On Equity | -1.85 | |||
| Return On Asset | -0.23 | |||
| Current Valuation | 162.33 M | |||
| Shares Outstanding | 12.9 M | |||
| Price To Book | 12.23 X | |||
| Price To Sales | 21.56 X | |||
| Revenue | 2.64 M | |||
| EBITDA | (2.34 M) | |||
| Cash And Equivalents | 1.66 M | |||
| Cash Per Share | 0.63 X | |||
| Total Debt | 1.69 M | |||
| Debt To Equity | 8.50 % | |||
| Book Value Per Share | 0.08 X | |||
| Cash Flow From Operations | (2.38 M) | |||
| Earnings Per Share | (0.28) X | |||
| Total Asset | 7.02 M | |||
About Nitro Games Performance
Assessing Nitro Games' fundamental ratios provides investors with valuable insights into Nitro Games' financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Nitro Games is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
Nitro Games Oyj develops and publishes games for smartphones and tablets worldwide. The company was founded in 2007 and is headquartered in Kotka, Finland. Nitro Games is traded on Stockholm Stock Exchange in Sweden.Things to note about Nitro Games Oyj performance evaluation
Checking the ongoing alerts about Nitro Games for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Nitro Games Oyj help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Nitro Games Oyj generated a negative expected return over the last 90 days | |
| Nitro Games Oyj has high historical volatility and very poor performance | |
| The company reported the revenue of 2.64 M. Net Loss for the year was (2.89 M) with profit before overhead, payroll, taxes, and interest of 3.2 M. | |
| Nitro Games Oyj has accumulated about 1.66 M in cash with (2.38 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.63. |
- Analyzing Nitro Games' 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 Nitro Games' stock is overvalued or undervalued compared to its peers.
- Examining Nitro Games' 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 Nitro Games' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Nitro Games' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Nitro Games' stock. These opinions can provide insight into Nitro Games' potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Nitro Stock Analysis
When running Nitro Games' price analysis, check to measure Nitro Games' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nitro Games is operating at the current time. Most of Nitro Games' value examination focuses on studying past and present price action to predict the probability of Nitro Games' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nitro Games' price. Additionally, you may evaluate how the addition of Nitro Games to your portfolios can decrease your overall portfolio volatility.