Novotek AB (Sweden) Performance
| NTEK-B Stock | SEK 77.20 0.40 0.52% |
Novotek AB has a performance score of 6 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.27, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Novotek AB are expected to decrease at a much lower rate. During the bear market, Novotek AB is likely to outperform the market. Novotek AB right now secures a risk of 1.77%. Please verify Novotek AB treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to decide if Novotek AB will be following its current price movements.
Risk-Adjusted Performance
Modest
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in Novotek AB are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. Despite somewhat uncertain technical and fundamental indicators, Novotek AB may actually be approaching a critical reversion point that can send shares even higher in April 2025. ...more
| Begin Period Cash Flow | 99.5 M | |
| Total Cashflows From Investing Activities | -5.3 M |
Novotek |
Novotek AB Relative Risk vs. Return Landscape
If you would invest 7,180 in Novotek AB on December 21, 2024 and sell it today you would earn a total of 540.00 from holding Novotek AB or generate 7.52% return on investment over 90 days. Novotek AB is generating 0.1404% of daily returns and assumes 1.7728% volatility on return distribution over the 90 days horizon. Simply put, 15% of stocks are less volatile than Novotek, and 98% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Novotek AB Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Novotek AB's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Novotek AB, and traders can use it to determine the average amount a Novotek AB'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 = 0.0792
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Estimated Market Risk
| 1.77 actual daily | 15 85% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Novotek AB is performing at about 6% 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 Novotek AB by adding it to a well-diversified portfolio.
Novotek AB Fundamentals Growth
Novotek Stock prices reflect investors' perceptions of the future prospects and financial health of Novotek AB, and Novotek AB 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 Novotek Stock performance.
| Return On Equity | 0.19 | |||
| Return On Asset | 0.0839 | |||
| Profit Margin | 0.08 % | |||
| Operating Margin | 0.1 % | |||
| Current Valuation | 374.88 M | |||
| Shares Outstanding | 9.1 M | |||
| Price To Earning | 18.56 X | |||
| Price To Book | 2.86 X | |||
| Price To Sales | 1.25 X | |||
| Revenue | 390.72 M | |||
| EBITDA | 60.48 M | |||
| Cash And Equivalents | 111.34 M | |||
| Cash Per Share | 9.53 X | |||
| Total Debt | 7.22 M | |||
| Debt To Equity | 0.1 % | |||
| Book Value Per Share | 16.36 X | |||
| Cash Flow From Operations | 44.45 M | |||
| Earnings Per Share | 2.80 X | |||
| Total Asset | 318.85 M | |||
| Retained Earnings | 29 M | |||
| Current Asset | 92 M | |||
| Current Liabilities | 44 M | |||
About Novotek AB Performance
By analyzing Novotek AB's fundamental ratios, stakeholders can gain valuable insights into Novotek AB's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Novotek AB 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 Novotek AB has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Novotek AB delivers solutions in the industrial IT and automation areas. The company was founded in 1986 and is headquartered in Malm, Sweden. NOVOTEK AB operates under Information Technology Services classification in Sweden and is traded on Stockholm Stock Exchange. It employs 152 people.Things to note about Novotek AB performance evaluation
Checking the ongoing alerts about Novotek AB for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Novotek AB help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| About 56.0% of the company outstanding shares are owned by corporate insiders |
- Analyzing Novotek AB'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 Novotek AB's stock is overvalued or undervalued compared to its peers.
- Examining Novotek AB'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 Novotek AB's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Novotek AB's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Novotek AB's stock. These opinions can provide insight into Novotek AB's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Novotek Stock analysis
When running Novotek AB's price analysis, check to measure Novotek AB'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 Novotek AB is operating at the current time. Most of Novotek AB's value examination focuses on studying past and present price action to predict the probability of Novotek AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novotek AB's price. Additionally, you may evaluate how the addition of Novotek AB to your portfolios can decrease your overall portfolio volatility.
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