Norva24 Group (Sweden) Performance
| NORVA Stock | 28.70 0.20 0.69% |
The company secures a Beta (Market Risk) of 0.34, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Norva24 Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Norva24 Group is expected to be smaller as well. At this point, Norva24 Group AB has a negative expected return of -0.0972%. Please make sure to verify Norva24 Group's kurtosis, as well as the relationship between the day median price and period momentum indicator , to decide if Norva24 Group AB 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 Norva24 Group AB has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable basic indicators, Norva24 Group is not utilizing all of its potentials. The newest stock price uproar, may contribute to short-horizon losses for the private investors. ...more
| Begin Period Cash Flow | 180.9 M | |
| Total Cashflows From Investing Activities | -272.3 M |
Norva24 |
Norva24 Group Relative Risk vs. Return Landscape
If you would invest 3,100 in Norva24 Group AB on September 3, 2024 and sell it today you would lose (230.00) from holding Norva24 Group AB or give up 7.42% of portfolio value over 90 days. Norva24 Group AB is generating negative expected returns and assumes 2.0766% volatility on return distribution over the 90 days horizon. Simply put, 18% of stocks are less volatile than Norva24, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Norva24 Group Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Norva24 Group's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Norva24 Group AB, and traders can use it to determine the average amount a Norva24 Group'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 = -0.0468
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| Negative Returns | NORVA |
Estimated Market Risk
| 2.08 actual daily | 18 82% of assets are more volatile |
Expected Return
| -0.1 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Norva24 Group 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 Norva24 Group by adding Norva24 Group to a well-diversified portfolio.
Norva24 Group Fundamentals Growth
Norva24 Stock prices reflect investors' perceptions of the future prospects and financial health of Norva24 Group, and Norva24 Group 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 Norva24 Stock performance.
| Return On Equity | 0.0745 | |||
| Return On Asset | 0.045 | |||
| Profit Margin | 0.08 % | |||
| Operating Margin | 0.11 % | |||
| Current Valuation | 7.06 B | |||
| Shares Outstanding | 182.68 M | |||
| Price To Book | 3.28 X | |||
| Price To Sales | 2.57 X | |||
| Revenue | 2.01 B | |||
| EBITDA | 417.8 M | |||
| Total Debt | 264.1 M | |||
| Book Value Per Share | 9.57 X | |||
| Cash Flow From Operations | 337.4 M | |||
| Earnings Per Share | 1.35 X | |||
| Total Asset | 3.23 B | |||
About Norva24 Group Performance
Assessing Norva24 Group's fundamental ratios provides investors with valuable insights into Norva24 Group's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Norva24 Group 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.
Things to note about Norva24 Group AB performance evaluation
Checking the ongoing alerts about Norva24 Group for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Norva24 Group AB help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Norva24 Group AB generated a negative expected return over the last 90 days | |
| About 64.0% of the company shares are owned by institutional investors |
- Analyzing Norva24 Group'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 Norva24 Group's stock is overvalued or undervalued compared to its peers.
- Examining Norva24 Group'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 Norva24 Group's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Norva24 Group's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Norva24 Group's stock. These opinions can provide insight into Norva24 Group's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Norva24 Stock Analysis
When running Norva24 Group's price analysis, check to measure Norva24 Group's 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 Norva24 Group is operating at the current time. Most of Norva24 Group's value examination focuses on studying past and present price action to predict the probability of Norva24 Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Norva24 Group's price. Additionally, you may evaluate how the addition of Norva24 Group to your portfolios can decrease your overall portfolio volatility.