Horisont Energi Return On Asset vs. Current Valuation
| HRGI Stock | NOK 2.69 0.02 0.74% |
For Horisont Energi profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Horisont Energi to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Horisont Energi AS utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Horisont Energi's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Horisont Energi AS over time as well as its relative position and ranking within its peers.
Horisont |
Horisont Energi AS Current Valuation vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Horisont Energi's current stock value. Our valuation model uses many indicators to compare Horisont Energi value to that of its competitors to determine the firm's financial worth. Horisont Energi AS is one of the top stocks in return on asset category among its peers. It also is rated as one of the top companies in current valuation category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Horisont Energi's earnings, one of the primary drivers of an investment's value.Horisont Current Valuation vs. Return On Asset
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Horisont Energi |
| = | -1.54 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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.
Horisont Energi |
| = | 412.6 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.
Horisont Current Valuation vs Competition
Horisont Energi AS is rated as one of the top companies in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Specialty Chemicals industry is currently estimated at about 23.79 Billion. Horisont Energi claims roughly 412.6 Million in current valuation contributing just under 2% to equities listed under Specialty Chemicals industry.
Horisont Energi Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Horisont Energi, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Horisont Energi will eventually generate negative long term returns. The profitability progress is the general direction of Horisont Energi's change in net profit over the period of time. It can combine multiple indicators of Horisont Energi, 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.
Horisont Energi AS focuses on the production of blue hydrogen and blue ammonia in Norway. Horisont Energi AS was founded in 2019 and is headquartered in Sandnes, Norway. HORISONT ENERGI is traded on Oslo Stock Exchange in Norway.
Horisont Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Horisont Energi. 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 Horisont Energi 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 Horisont Energi's important profitability drivers and their relationship over time.
Use Horisont Energi 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 Horisont Energi 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 Horisont Energi will appreciate offsetting losses from the drop in the long position's value.Horisont Energi Pair Trading
Horisont Energi AS Pair Trading Analysis
The ability to find closely correlated positions to Horisont Energi could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Horisont Energi 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 Horisont Energi - 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 Horisont Energi AS to buy it.
The correlation of Horisont Energi 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 Horisont Energi moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Horisont Energi AS 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 Horisont Energi 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 Horisont Energi position
In addition to having Horisont Energi 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?
Run Developed Markets Basket ETFs Thematic Idea Now
Developed Markets Basket ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Developed Markets Basket ETFs theme has 24 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Developed Markets Basket ETFs Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in Horisont Stock
To fully project Horisont Energi's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Horisont Energi AS 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 Horisont Energi's income statement, its balance sheet, and the statement of cash flows.