Elkem ASA (Norway) Performance
| ELK Stock | NOK 23.50 0.26 1.12% |
On a scale of 0 to 100, Elkem ASA holds a performance score of 12. The firm shows a Beta (market volatility) of 0.26, which means not very significant fluctuations relative to the market. As returns on the market increase, Elkem ASA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Elkem ASA is expected to be smaller as well. Please check Elkem ASA's jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to make a quick decision on whether Elkem ASA's price patterns will revert.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Elkem ASA are ranked lower than 12 (%) of all global equities and portfolios over the last 90 days. Despite quite conflicting forward-looking signals, Elkem ASA disclosed solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 7 B | |
| Total Cashflows From Investing Activities | -4.4 B |
Elkem |
Elkem ASA Relative Risk vs. Return Landscape
If you would invest 1,736 in Elkem ASA on December 18, 2024 and sell it today you would earn a total of 614.00 from holding Elkem ASA or generate 35.37% return on investment over 90 days. Elkem ASA is generating 0.5732% of daily returns assuming 3.5553% volatility of returns over the 90 days investment horizon. Simply put, 31% of all stocks have less volatile historical return distribution than Elkem ASA, and 89% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Elkem ASA Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elkem ASA's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Elkem ASA, and traders can use it to determine the average amount a Elkem ASA'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 = 0.1612
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Estimated Market Risk
| 3.56 actual daily | 31 69% of assets are more volatile |
Expected Return
| 0.57 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Elkem ASA is performing at about 12% 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 Elkem ASA by adding it to a well-diversified portfolio.
Elkem ASA Fundamentals Growth
Elkem Stock prices reflect investors' perceptions of the future prospects and financial health of Elkem ASA, and Elkem ASA 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 Elkem Stock performance.
| Return On Equity | 0.4 | |||
| Return On Asset | 0.15 | |||
| Profit Margin | 0.21 % | |||
| Operating Margin | 0.26 % | |||
| Current Valuation | 25.67 B | |||
| Shares Outstanding | 635.52 M | |||
| Price To Earning | 6.16 X | |||
| Price To Book | 0.77 X | |||
| Price To Sales | 0.49 X | |||
| Revenue | 45.02 B | |||
| EBITDA | 13.48 B | |||
| Cash And Equivalents | 9.26 B | |||
| Cash Per Share | 9.23 X | |||
| Total Debt | 10.33 B | |||
| Debt To Equity | 85.60 % | |||
| Book Value Per Share | 45.14 X | |||
| Cash Flow From Operations | 9.31 B | |||
| Earnings Per Share | 16.77 X | |||
| Total Asset | 52.78 B | |||
About Elkem ASA Performance
By examining Elkem ASA's fundamental ratios, stakeholders can obtain critical insights into Elkem ASA'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 Elkem ASA 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.
Elkem ASA manufactures and sells metals and materials in Norway and internationally. Elkem ASA is a subsidiary of Bluestar Elkem International Co., Ltd. ELKEM ASA operates under Specialty Chemicals classification in Norway and is traded on Oslo Stock Exchange. It employs 6280 people.Things to note about Elkem ASA performance evaluation
Checking the ongoing alerts about Elkem ASA for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Elkem ASA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Elkem ASA appears to be risky and price may revert if volatility continues | |
| 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 |
- Analyzing Elkem ASA'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 Elkem ASA's stock is overvalued or undervalued compared to its peers.
- Examining Elkem ASA'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 Elkem ASA's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Elkem ASA's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Elkem ASA's stock. These opinions can provide insight into Elkem ASA's potential for growth and whether the stock is currently undervalued or overvalued.
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.