Norse Atlantic Asa Stock Performance
| NRSAF Stock | USD 0.34 0.00 0.00% |
Norse Atlantic holds a performance score of 10 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 1.57, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Norse Atlantic will likely underperform. Use Norse Atlantic ASA maximum drawdown and the relationship between the downside variance and day median price , to analyze future returns on Norse Atlantic ASA.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Norse Atlantic ASA are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile basic indicators, Norse Atlantic reported solid returns over the last few months and may actually be approaching a breakup point. ...more
Norse |
Norse Atlantic Relative Risk vs. Return Landscape
If you would invest 21.00 in Norse Atlantic ASA on August 31, 2024 and sell it today you would earn a total of 13.00 from holding Norse Atlantic ASA or generate 61.9% return on investment over 90 days. Norse Atlantic ASA is currently producing 1.1365% returns and takes up 8.818% volatility of returns over 90 trading days. Put another way, 78% of traded otc stocks are less volatile than Norse, and 78% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
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Norse Atlantic Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Norse Atlantic's investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as Norse Atlantic ASA, and traders can use it to determine the average amount a Norse Atlantic'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 = 0.1289
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Estimated Market Risk
| 8.82 actual daily | 78 78% of assets are less volatile |
Expected Return
| 1.14 actual daily | 22 78% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Norse Atlantic is performing at about 10% 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 Norse Atlantic by adding it to a well-diversified portfolio.
Norse Atlantic Fundamentals Growth
Norse OTC Stock prices reflect investors' perceptions of the future prospects and financial health of Norse Atlantic, and Norse Atlantic 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 Norse OTC Stock performance.
| Operating Margin | (16.88) % | |||
| Shares Outstanding | 206.08 M | |||
| Price To Sales | 5.58 X | |||
| Revenue | 2.97 M | |||
| EBITDA | (8.68 M) | |||
| Book Value Per Share | 1.35 X | |||
| Cash Flow From Operations | (6.78 M) | |||
| Earnings Per Share | (0.12) X | |||
About Norse Atlantic Performance
By analyzing Norse Atlantic's fundamental ratios, stakeholders can gain valuable insights into Norse Atlantic's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Norse Atlantic has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Norse Atlantic has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
It focuses on serving various destinations between Europe and the United States, including New York, Florida, Paris, London, and Oslo. The company was founded in 2021 and is headquartered in Arendal, Norway. Norse Atlantic is traded on OTC Exchange in the United States.Things to note about Norse Atlantic ASA performance evaluation
Checking the ongoing alerts about Norse Atlantic for important developments is a great way to find new opportunities for your next move. OTC Stock alerts and notifications screener for Norse Atlantic ASA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Norse Atlantic ASA is way too risky over 90 days horizon | |
| Norse Atlantic ASA has some characteristics of a very speculative penny stock | |
| Norse Atlantic ASA appears to be risky and price may revert if volatility continues | |
| Norse Atlantic ASA has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 2.97 M. Net Loss for the year was (7.84 M) with loss before overhead, payroll, taxes, and interest of (5.48 M). | |
| Norse Atlantic generates negative cash flow from operations |
- Analyzing Norse Atlantic'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 Norse Atlantic's stock is overvalued or undervalued compared to its peers.
- Examining Norse Atlantic'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 Norse Atlantic's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Norse Atlantic's management team can help you assess the OTC Stock's leadership.
- Pay attention to analyst opinions and ratings of Norse Atlantic's otc stock. These opinions can provide insight into Norse Atlantic's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Norse OTC Stock analysis
When running Norse Atlantic's price analysis, check to measure Norse Atlantic'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 Norse Atlantic is operating at the current time. Most of Norse Atlantic's value examination focuses on studying past and present price action to predict the probability of Norse Atlantic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Norse Atlantic's price. Additionally, you may evaluate how the addition of Norse Atlantic to your portfolios can decrease your overall portfolio volatility.
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