Idex ASA (Norway) Performance
| IDEX Stock | NOK 0.05 0.01 18.93% |
The company retains a Market Volatility (i.e., Beta) of 0.0242, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Idex ASA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Idex ASA is expected to be smaller as well. At this point, Idex ASA has a negative expected return of -0.53%. Please make sure to check out Idex ASA's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Idex ASA performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Idex ASA has generated negative risk-adjusted returns adding no value to investors with long positions. Despite conflicting performance in the last few months, the Stock's essential indicators remain quite persistent which may send shares a bit higher in April 2025. The latest mess may also be a sign of long-standing up-swing for the company institutional investors. ...more
| Begin Period Cash Flow | 7.3 M | |
| Total Cashflows From Investing Activities | -143 K |
Idex |
Idex ASA Relative Risk vs. Return Landscape
If you would invest 14.00 in Idex ASA on December 19, 2024 and sell it today you would lose (9.10) from holding Idex ASA or give up 65.0% of portfolio value over 90 days. Idex ASA is generating negative expected returns and assumes 15.5955% volatility on return distribution over the 90 days horizon. Simply put, majority of traded equity instruments are less risky than Idex on the basis of their historical return distribution, and most equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Idex ASA Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Idex ASA's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Idex ASA, and traders can use it to determine the average amount a Idex 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 = -0.0337
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | IDEX |
Estimated Market Risk
| 15.6 actual daily | 96 96% of assets are less volatile |
Expected Return
| -0.53 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Idex ASA is not performing at its full potential. However, 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 Idex ASA by adding Idex ASA to a well-diversified portfolio.
Idex ASA Fundamentals Growth
Idex Stock prices reflect investors' perceptions of the future prospects and financial health of Idex ASA, and Idex 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 Idex Stock performance.
| Return On Equity | -2.19 | |||
| Return On Asset | -1.05 | |||
| Operating Margin | (8.78) % | |||
| Current Valuation | 1.29 B | |||
| Shares Outstanding | 1.17 B | |||
| Price To Earning | (11.37) X | |||
| Price To Book | 9.22 X | |||
| Price To Sales | 345.43 X | |||
| Revenue | 2.84 M | |||
| EBITDA | (30.63 M) | |||
| Cash And Equivalents | 224.92 M | |||
| Cash Per Share | 0.38 X | |||
| Total Debt | 11 K | |||
| Debt To Equity | 3.00 % | |||
| Book Value Per Share | 0.01 X | |||
| Cash Flow From Operations | (27.46 M) | |||
| Earnings Per Share | (0.35) X | |||
| Total Asset | 42.13 M | |||
| Retained Earnings | (600 M) | |||
| Current Asset | 698 M | |||
| Current Liabilities | 43 M | |||
About Idex ASA Performance
By examining Idex ASA's fundamental ratios, stakeholders can obtain critical insights into Idex 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 Idex 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.
IDEX Biometrics ASA develops and sells fingerprint imaging and recognition technology in Europe, the Middle East, Africa, the Americas, and Asia. The company was founded in 1996 and is headquartered in Brum, Norway. IDEX BIOMETRICS operates under Software - Application classification in Norway and is traded on Oslo Stock Exchange. It employs 103 people.Things to note about Idex ASA performance evaluation
Checking the ongoing alerts about Idex ASA for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Idex ASA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Idex ASA generated a negative expected return over the last 90 days | |
| Idex ASA has high historical volatility and very poor performance | |
| Idex ASA has some characteristics of a very speculative penny stock | |
| The company reported the revenue of 2.84 M. Net Loss for the year was (32.55 M) with profit before overhead, payroll, taxes, and interest of 1.59 M. | |
| Idex ASA has accumulated about 224.92 M in cash with (27.46 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.38, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 21.0% of the company shares are held by company insiders |
- Analyzing Idex 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 Idex ASA's stock is overvalued or undervalued compared to its peers.
- Examining Idex 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 Idex ASA's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Idex ASA's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Idex ASA's stock. These opinions can provide insight into Idex ASA's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Idex Stock
Idex ASA financial ratios help investors to determine whether Idex 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 Idex with respect to the benefits of owning Idex ASA security.