Alk Abell As Stock Beta
| ALK-B Stock | DKK 158.70 2.20 1.37% |
ALK Abell AS fundamentals help investors to digest information that contributes to ALK Abell's financial success or failures. It also enables traders to predict the movement of ALK Stock. The fundamental analysis module provides a way to measure ALK Abell's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to ALK Abell stock.
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ALK Abell AS Company Beta Analysis
ALK Abell's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current ALK Abell Beta | 0.36 |
Most of ALK Abell's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, ALK Abell AS is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, ALK Abell AS has a Beta of 0.3621. This is 57.9% lower than that of the Healthcare sector and 73.95% lower than that of the Biotechnology industry. The beta for all Denmark stocks is notably lower than that of the firm.
ALK Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ALK Abell's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of ALK Abell could also be used in its relative valuation, which is a method of valuing ALK Abell by comparing valuation metrics of similar companies.ALK Abell is currently under evaluation in beta category among its peers.
As returns on the market increase, ALK Abell's returns are expected to increase less than the market. However, during the bear market, the loss of holding ALK Abell is expected to be smaller as well.
ALK Fundamentals
| Return On Equity | 0.0897 | |||
| Return On Asset | 0.0516 | |||
| Profit Margin | 0.07 % | |||
| Operating Margin | 0.11 % | |||
| Current Valuation | 23.1 B | |||
| Shares Outstanding | 200.74 M | |||
| Shares Owned By Institutions | 61.95 % | |||
| Price To Earning | 214.15 X | |||
| Price To Book | 5.74 X | |||
| Price To Sales | 4.89 X | |||
| Revenue | 4.51 B | |||
| Gross Profit | 2.82 B | |||
| EBITDA | 709 M | |||
| Net Income | 335 M | |||
| Cash And Equivalents | 375 M | |||
| Cash Per Share | 34.47 X | |||
| Total Debt | 203 M | |||
| Debt To Equity | 28.70 % | |||
| Current Ratio | 2.70 X | |||
| Book Value Per Share | 18.05 X | |||
| Cash Flow From Operations | 416 M | |||
| Earnings Per Share | 1.48 X | |||
| Price To Earnings To Growth | 29.35 X | |||
| Target Price | 153.83 | |||
| Number Of Employees | 2.68 K | |||
| Beta | 0.36 | |||
| Market Capitalization | 24.3 B | |||
| Total Asset | 6.31 B | |||
| Retained Earnings | 2.74 B | |||
| Working Capital | 796 M | |||
| Current Asset | 1.84 B | |||
| Current Liabilities | 1.04 B | |||
| Z Score | 71.4 | |||
| Net Asset | 6.31 B |
About ALK Abell Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ALK Abell AS's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ALK Abell using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ALK Abell AS based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with ALK Abell
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 ALK Abell 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 ALK Abell will appreciate offsetting losses from the drop in the long position's value.Moving together with ALK Stock
| 0.9 | NOVO-B | Novo Nordisk AS | PairCorr |
| 0.8 | GMAB | Genmab AS | PairCorr |
| 0.85 | BAVA | Bavarian Nordic | PairCorr |
| 0.76 | ZEAL | Zealand Pharma AS | PairCorr |
Moving against ALK Stock
The ability to find closely correlated positions to ALK Abell could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ALK Abell 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 ALK Abell - 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 ALK Abell AS to buy it.
The correlation of ALK Abell 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 ALK Abell moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ALK Abell AS 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 ALK Abell 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.Other Information on Investing in ALK Stock
ALK Abell financial ratios help investors to determine whether ALK 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 ALK with respect to the benefits of owning ALK Abell security.