Ericsson Nikola (Croatia) Performance
| ERNT Stock | 185.50 3.50 1.92% |
Ericsson Nikola has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0248, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ericsson Nikola are expected to decrease at a much lower rate. During the bear market, Ericsson Nikola is likely to outperform the market. Ericsson Nikola Tesla right now shows a risk of 1.35%. Please confirm Ericsson Nikola Tesla information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Ericsson Nikola Tesla will be following its price patterns.
Risk-Adjusted Performance
Insignificant
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Compared to the overall equity markets, risk-adjusted returns on investments in Ericsson Nikola Tesla are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively stable basic indicators, Ericsson Nikola is not utilizing all of its potentials. The newest stock price uproar, may contribute to short-horizon losses for the private investors. ...more
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Ericsson Nikola Relative Risk vs. Return Landscape
If you would invest 18,000 in Ericsson Nikola Tesla on December 26, 2024 and sell it today you would earn a total of 550.00 from holding Ericsson Nikola Tesla or generate 3.06% return on investment over 90 days. Ericsson Nikola Tesla is generating 0.0599% of daily returns and assumes 1.3451% volatility on return distribution over the 90 days horizon. Simply put, 12% of stocks are less volatile than Ericsson, and 99% 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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Ericsson Nikola Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ericsson Nikola's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Ericsson Nikola Tesla, and traders can use it to determine the average amount a Ericsson Nikola'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 = 0.0445
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Estimated Market Risk
| 1.35 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Ericsson Nikola is performing at about 3% 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 Ericsson Nikola by adding it to a well-diversified portfolio.
Things to note about Ericsson Nikola Tesla performance evaluation
Checking the ongoing alerts about Ericsson Nikola for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Ericsson Nikola Tesla help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating Ericsson Nikola's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Ericsson Nikola's stock performance include:- Analyzing Ericsson Nikola'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 Ericsson Nikola's stock is overvalued or undervalued compared to its peers.
- Examining Ericsson Nikola'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 Ericsson Nikola's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Ericsson Nikola's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Ericsson Nikola's stock. These opinions can provide insight into Ericsson Nikola's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Ericsson Stock Analysis
When running Ericsson Nikola's price analysis, check to measure Ericsson Nikola'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 Ericsson Nikola is operating at the current time. Most of Ericsson Nikola's value examination focuses on studying past and present price action to predict the probability of Ericsson Nikola's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ericsson Nikola's price. Additionally, you may evaluate how the addition of Ericsson Nikola to your portfolios can decrease your overall portfolio volatility.