Romsdal Sparebank Cash Per Share vs. Net Income
| ROMSB Stock | NOK 122.74 0.48 0.39% |
For Romsdal Sparebank profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Romsdal Sparebank to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Romsdal Sparebank utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Romsdal Sparebank's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Romsdal Sparebank over time as well as its relative position and ranking within its peers.
Romsdal |
Romsdal Sparebank Net Income vs. Cash Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Romsdal Sparebank's current stock value. Our valuation model uses many indicators to compare Romsdal Sparebank value to that of its competitors to determine the firm's financial worth. Romsdal Sparebank is rated below average in cash per share category among its peers. It is rated below average in net income category among its peers making up about 136,069 of Net Income per Cash Per Share. Comparative valuation analysis is a catch-all model that can be used if you cannot value Romsdal Sparebank by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Romsdal Sparebank's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Romsdal Net Income vs. Cash Per Share
Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
Romsdal Sparebank |
| = | 389.37 X |
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
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.
Romsdal Sparebank |
| = | 52.98 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.
Romsdal Net Income Comparison
Romsdal Sparebank is rated below average in net income category among its peers.
Romsdal Sparebank Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Romsdal Sparebank, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Romsdal Sparebank will eventually generate negative long term returns. The profitability progress is the general direction of Romsdal Sparebank's change in net profit over the period of time. It can combine multiple indicators of Romsdal Sparebank, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Romsdal Sparebank operates as a savings bank that provides various financial products and services to retail and corporate customers primarily in Romsdal and southern parts of Nordmre. The company was incorporated in 1971 and is based in Elnesvgen, Norway with branch offices in Bud, Eidsvg, Farstad, and Molde, Norway. ROMSDAL SPAREBANK operates under Financial Conglomerates classification in Norway and is traded on Oslo Stock Exchange. It employs 44 people.
Romsdal Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Romsdal Sparebank. 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 Romsdal Sparebank 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 Romsdal Sparebank's important profitability drivers and their relationship over time.
Use Romsdal Sparebank 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 Romsdal Sparebank 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 Romsdal Sparebank will appreciate offsetting losses from the drop in the long position's value.Romsdal Sparebank Pair Trading
Romsdal Sparebank Pair Trading Analysis
The ability to find closely correlated positions to Romsdal Sparebank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Romsdal Sparebank 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 Romsdal Sparebank - 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 Romsdal Sparebank to buy it.
The correlation of Romsdal Sparebank 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 Romsdal Sparebank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Romsdal Sparebank 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 Romsdal Sparebank 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.Use Investing Themes to Complement your Romsdal Sparebank position
In addition to having Romsdal Sparebank 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?
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Funds or Etfs that invest in the undervalued stocks of large-sized companies. The Large Value Funds theme has 37 constituents at this time.
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Other Information on Investing in Romsdal Stock
To fully project Romsdal Sparebank's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Romsdal Sparebank at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Romsdal Sparebank's income statement, its balance sheet, and the statement of cash flows.