Norva24 Group Price To Sales vs. Net Income

NORVA Stock   28.85  0.10  0.35%   
Considering Norva24 Group's profitability and operating efficiency indicators, Norva24 Group AB may not be well positioned to generate adequate gross income at the moment. It has a very high risk of underperforming in January. Profitability indicators assess Norva24 Group's ability to earn profits and add value for shareholders.
For Norva24 Group profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Norva24 Group to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Norva24 Group AB utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Norva24 Group's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Norva24 Group AB over time as well as its relative position and ranking within its peers.
  
Check out Correlation Analysis.
Please note, there is a significant difference between Norva24 Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Norva24 Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Norva24 Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Norva24 Group AB Net Income vs. Price To Sales Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Norva24 Group's current stock value. Our valuation model uses many indicators to compare Norva24 Group value to that of its competitors to determine the firm's financial worth.
Norva24 Group AB is considered to be number one stock in price to sales category among its peers. It also is considered to be number one stock in net income category among its peers making up about  31,167,418  of Net Income per Price To Sales. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Norva24 Group's earnings, one of the primary drivers of an investment's value.

Norva24 Net Income vs. Price To Sales

Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.

Norva24 Group

P/S

 = 

MV Per Share

Revenue Per Share

 = 
2.57 X
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.

Norva24 Group

Net Income

 = 

(Rev + Gain)

-

(Exp + Loss)

 = 
80.2 M
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.

Norva24 Net Income Comparison

Norva24 Group is currently under evaluation in net income category among its peers.

Norva24 Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Norva24 Group. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Norva24 Group position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Norva24 Group's important profitability drivers and their relationship over time.

Use Norva24 Group in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Norva24 Group position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Norva24 Group will appreciate offsetting losses from the drop in the long position's value.

Norva24 Group Pair Trading

Norva24 Group AB Pair Trading Analysis

The ability to find closely correlated positions to Norva24 Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Norva24 Group when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Norva24 Group - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Norva24 Group AB to buy it.
The correlation of Norva24 Group is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Norva24 Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Norva24 Group AB moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Norva24 Group can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Norva24 Group position

In addition to having Norva24 Group in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Treasury ETFs Thematic Idea Now

Treasury ETFs
Treasury ETFs Theme
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Treasury ETFs theme has 114 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Treasury ETFs Theme or any other thematic opportunities.
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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.