Northern Ocean (Norway) Performance
| NOL Stock | NOK 7.46 0.28 3.62% |
On a scale of 0 to 100, Northern Ocean holds a performance score of 6. The company secures a Beta (Market Risk) of 0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Northern Ocean's returns are expected to increase less than the market. However, during the bear market, the loss of holding Northern Ocean is expected to be smaller as well. Please check Northern Ocean's skewness, day typical price, and the relationship between the downside variance and daily balance of power , to make a quick decision on whether Northern Ocean's current price movements will revert.
Risk-Adjusted Performance
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Modest
Compared to the overall equity markets, risk-adjusted returns on investments in Northern Ocean are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. Despite quite conflicting essential indicators, Northern Ocean disclosed solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 37.6 M | |
| Total Cashflows From Investing Activities | -206 K |
Northern |
Northern Ocean Relative Risk vs. Return Landscape
If you would invest 640.00 in Northern Ocean on September 23, 2024 and sell it today you would earn a total of 106.00 from holding Northern Ocean or generate 16.56% return on investment over 90 days. Northern Ocean is generating 0.2873% of daily returns assuming 3.3819% volatility of returns over the 90 days investment horizon. Simply put, 30% of all stocks have less volatile historical return distribution than Northern Ocean, and 95% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Northern Ocean Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Ocean's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Northern Ocean, and traders can use it to determine the average amount a Northern Ocean'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 = 0.085
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Estimated Market Risk
| 3.38 actual daily | 30 70% of assets are more volatile |
Expected Return
| 0.29 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 6 94% of assets perform better |
Based on monthly moving average Northern Ocean is performing at about 6% 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 Northern Ocean by adding it to a well-diversified portfolio.
Northern Ocean Fundamentals Growth
Northern Stock prices reflect investors' perceptions of the future prospects and financial health of Northern Ocean, and Northern Ocean 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 Northern Stock performance.
| Return On Equity | -0.0411 | |||
| Return On Asset | -0.0297 | |||
| Profit Margin | (0.66) % | |||
| Operating Margin | (1.68) % | |||
| Current Valuation | 6.03 B | |||
| Shares Outstanding | 181.62 M | |||
| Price To Book | 0.36 X | |||
| Price To Sales | 46.96 X | |||
| Revenue | 67.78 M | |||
| EBITDA | (9.37 M) | |||
| Cash And Equivalents | 5.46 M | |||
| Cash Per Share | 0.28 X | |||
| Total Debt | 459.53 M | |||
| Debt To Equity | 0.99 % | |||
| Book Value Per Share | 3.61 X | |||
| Cash Flow From Operations | (21.81 M) | |||
| Earnings Per Share | (1.90) X | |||
| Total Asset | 977.55 M | |||
About Northern Ocean Performance
By examining Northern Ocean's fundamental ratios, stakeholders can obtain critical insights into Northern Ocean's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Northern Ocean is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
Northern Ocean Ltd., together with its subsidiaries, provides offshore contract drilling services for the oil and gas industry worldwide. The company was incorporated in 2017 and is based in Hamilton, Bermuda. NORTHERN OCEAN is traded on Oslo Stock Exchange in Norway.Things to note about Northern Ocean performance evaluation
Checking the ongoing alerts about Northern Ocean for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Northern Ocean help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Northern Ocean had very high historical volatility over the last 90 days | |
| Northern Ocean has high likelihood to experience some financial distress in the next 2 years | |
| Northern Ocean has accumulated 459.53 M in total debt with debt to equity ratio (D/E) of 1.0, which is about average as compared to similar companies. Northern Ocean has a current ratio of 0.06, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Northern Ocean until it has trouble settling it off, either with new capital or with free cash flow. So, Northern Ocean's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Northern Ocean sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Northern to invest in growth at high rates of return. When we think about Northern Ocean's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 67.78 M. Net Loss for the year was (11.03 M) with profit before overhead, payroll, taxes, and interest of 6.12 M. | |
| Northern Ocean has accumulated about 5.46 M in cash with (21.81 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.28. | |
| Roughly 44.0% of Northern Ocean outstanding shares are owned by corporate insiders |
- Analyzing Northern Ocean'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 Northern Ocean's stock is overvalued or undervalued compared to its peers.
- Examining Northern Ocean'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 Northern Ocean's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Northern Ocean's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Northern Ocean's stock. These opinions can provide insight into Northern Ocean's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Northern Stock
Northern Ocean financial ratios help investors to determine whether Northern 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 Northern with respect to the benefits of owning Northern Ocean security.