Elkem ASA (Norway) Buy Hold or Sell Recommendation
| ELK Stock | NOK 23.16 0.18 0.78% |
Assuming the 90 days trading horizon and your way above-average risk tolerance, our recommendation regarding Elkem ASA is 'Sell'. The recommendation algorithm takes into account all of Elkem ASA's available fundamental, technical, and predictive indicators you will find on this site.
Check out Elkem ASA Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual companies such as Elkem and provide practical buy, sell, or hold advice based on investors' constraints. Elkem ASA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Elkem |
Execute Elkem ASA Buy or Sell Advice
The Elkem recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Elkem ASA. Macroaxis does not own or have any residual interests in Elkem ASA or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Elkem ASA's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Sell
Market Performance | OK | Details | |
Volatility | Not too volatile | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Almost neglects market trends | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Elkem ASA Trading Alerts and Improvement Suggestions
| Elkem ASA had very high historical volatility over the last 90 days | |
| Elkem ASA has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| About 55.0% of the company shares are held by company insiders |
Elkem ASA Returns Distribution Density
The distribution of Elkem ASA's historical returns is an attempt to chart the uncertainty of Elkem ASA's future price movements. The chart of the probability distribution of Elkem ASA daily returns describes the distribution of returns around its average expected value. We use Elkem ASA price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Elkem ASA returns is essential to provide solid investment advice for Elkem ASA.
| Mean Return | 0.43 | Value At Risk | -3.85 | Potential Upside | 4.98 | Standard Deviation | 3.39 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Elkem ASA historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Elkem ASA Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Elkem ASA or Chemicals sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Elkem ASA's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Elkem stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.41 | |
β | Beta against Dow Jones | -0.25 | |
σ | Overall volatility | 3.57 | |
Ir | Information ratio | 0.12 |
Elkem ASA Volatility Alert
Elkem ASA currently demonstrates below-average downside deviation. It has Information Ratio of 0.12 and Jensen Alpha of 0.41. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Elkem ASA's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Elkem ASA's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Elkem ASA Fundamentals Vs Peers
Comparing Elkem ASA's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Elkem ASA's direct or indirect competition across all of the common fundamentals between Elkem ASA and the related equities. This way, we can detect undervalued stocks with similar characteristics as Elkem ASA or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Elkem ASA's fundamental indicators could also be used in its relative valuation, which is a method of valuing Elkem ASA by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Elkem ASA to competition |
| Fundamentals | Elkem ASA | Peer Average |
| Return On Equity | 0.4 | -0.31 |
| Return On Asset | 0.15 | -0.14 |
| Profit Margin | 0.21 % | (1.27) % |
| Operating Margin | 0.26 % | (5.51) % |
| Current Valuation | 25.67 B | 16.62 B |
| Shares Outstanding | 635.52 M | 571.82 M |
| Shares Owned By Insiders | 55.40 % | 10.09 % |
| Shares Owned By Institutions | 27.78 % | 39.21 % |
| Price To Earning | 6.16 X | 28.72 X |
| Price To Book | 0.77 X | 9.51 X |
| Price To Sales | 0.49 X | 11.42 X |
| Revenue | 45.02 B | 9.43 B |
| Gross Profit | 23.64 B | 27.38 B |
| EBITDA | 13.48 B | 3.9 B |
| Net Income | 12.41 B | 570.98 M |
| Cash And Equivalents | 9.26 B | 2.7 B |
| Cash Per Share | 9.23 X | 5.01 X |
| Total Debt | 10.33 B | 5.32 B |
| Debt To Equity | 85.60 % | 48.70 % |
| Current Ratio | 2.14 X | 2.16 X |
| Book Value Per Share | 45.14 X | 1.93 K |
| Cash Flow From Operations | 9.31 B | 971.22 M |
| Earnings Per Share | 16.77 X | 3.12 X |
| Target Price | 44.4 | |
| Number Of Employees | 7.3 K | 18.84 K |
| Beta | 1.59 | -0.15 |
| Market Capitalization | 24.28 B | 19.03 B |
| Total Asset | 52.78 B | 29.47 B |
| Z Score | 1.2 | 8.72 |
| Annual Yield | 0.16 % | |
| Net Asset | 52.78 B | |
| Last Dividend Paid | 6.0 |
Elkem ASA Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Elkem . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Elkem ASA Buy or Sell Advice
When is the right time to buy or sell Elkem ASA? Buying financial instruments such as Elkem Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Information Technology (IT) companies and IT service providers across different domains. The IT theme has 41 constituents at this time.
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Other Information on Investing in Elkem Stock
Elkem ASA financial ratios help investors to determine whether Elkem 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 Elkem with respect to the benefits of owning Elkem ASA security.