Grong Sparebank Current Valuation vs. Total Debt
| GRONG Stock | NOK 151.68 1.68 1.12% |
For Grong Sparebank profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Grong Sparebank to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Grong Sparebank utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Grong Sparebank's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Grong Sparebank over time as well as its relative position and ranking within its peers.
Grong |
Grong Sparebank Total Debt vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Grong Sparebank's current stock value. Our valuation model uses many indicators to compare Grong Sparebank value to that of its competitors to determine the firm's financial worth. Grong Sparebank is rated # 4 in current valuation category among its peers. It also is rated # 4 in total debt category among its peers making up about 1.97 of Total Debt per Current Valuation. Comparative valuation analysis is a catch-all model that can be used if you cannot value Grong Sparebank by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Grong Sparebank's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Grong Current Valuation vs. Competition
Grong Sparebank is rated # 4 in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Banks—Regional industry is currently estimated at about 935.75 Billion. Grong Sparebank adds roughly 722.47 Million in current valuation claiming only tiny portion of stocks in Banks—Regional industry.
Grong Total Debt vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Grong Sparebank |
| = | 722.47 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Grong Sparebank |
| = | 1.42 B |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
Grong Total Debt vs Competition
Grong Sparebank is rated # 4 in total debt category among its peers. Total debt of Banks—Regional industry is currently estimated at about 636.65 Billion. Grong Sparebank adds roughly 1.42 Billion in total debt claiming only tiny portion of stocks in Banks—Regional industry.
Grong Sparebank Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Grong Sparebank, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Grong Sparebank will eventually generate negative long term returns. The profitability progress is the general direction of Grong Sparebank's change in net profit over the period of time. It can combine multiple indicators of Grong Sparebank, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Grong Sparebank, an independent savings bank, provides a range of banking products and services in Norway. Grong Sparebank was founded in 1862 and is based in Grong, Norway. GRONG SPAREBANK operates under BanksRegional classification in Norway and is traded on Oslo Stock Exchange. It employs 58 people.
Grong Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Grong Sparebank. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Grong Sparebank position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Grong Sparebank's important profitability drivers and their relationship over time.
Use Grong Sparebank in pair-trading
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 Grong Sparebank 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 Grong Sparebank will appreciate offsetting losses from the drop in the long position's value.Grong Sparebank Pair Trading
Grong Sparebank Pair Trading Analysis
The ability to find closely correlated positions to Grong Sparebank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Grong Sparebank 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 Grong Sparebank - 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 Grong Sparebank to buy it.
The correlation of Grong Sparebank 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 Grong Sparebank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grong Sparebank 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 Grong Sparebank 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.Use Investing Themes to Complement your Grong Sparebank position
In addition to having Grong Sparebank in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Funds or Etfs that invest in the undervalued stocks of small to mid-sized companies. The Small Value Funds theme has 31 constituents at this time.
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Other Information on Investing in Grong Stock
To fully project Grong Sparebank's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Grong Sparebank at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Grong Sparebank's income statement, its balance sheet, and the statement of cash flows.