Aker Asa Stock Beta
| AKAAF Stock | USD 58.00 0.25 0.43% |
Aker ASA fundamentals help investors to digest information that contributes to Aker ASA's financial success or failures. It also enables traders to predict the movement of Aker Pink Sheet. The fundamental analysis module provides a way to measure Aker ASA's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Aker ASA pink sheet.
Aker |
Aker ASA Company Beta Analysis
Aker ASA's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Aker ASA Beta | 1.45 |
Most of Aker ASA's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Aker ASA is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Aker ASA has a Beta of 1.4539. This is 6.12% higher than that of the Industrials sector and 53.04% higher than that of the Conglomerates industry. The beta for all United States stocks is notably lower than that of the firm.
Aker Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Aker ASA's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Aker ASA could also be used in its relative valuation, which is a method of valuing Aker ASA by comparing valuation metrics of similar companies.Aker ASA is currently under evaluation in beta category among related companies.
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Aker ASA will likely underperform.
Aker Fundamentals
| Return On Equity | 0.35 | |||
| Return On Asset | 0.0877 | |||
| Profit Margin | 0.74 % | |||
| Operating Margin | 0.50 % | |||
| Current Valuation | 7.06 B | |||
| Shares Outstanding | 74.29 M | |||
| Shares Owned By Insiders | 72.44 % | |||
| Shares Owned By Institutions | 12.81 % | |||
| Price To Earning | 33.28 X | |||
| Price To Book | 1.26 X | |||
| Price To Sales | 0.21 X | |||
| Revenue | 6.49 B | |||
| Gross Profit | 3.18 B | |||
| EBITDA | 2.19 B | |||
| Net Income | 4.28 B | |||
| Cash And Equivalents | 18.1 B | |||
| Cash Per Share | 243.56 X | |||
| Total Debt | 28.92 B | |||
| Debt To Equity | 0.59 % | |||
| Current Ratio | 2.30 X | |||
| Book Value Per Share | 614.09 X | |||
| Cash Flow From Operations | 1.8 B | |||
| Earnings Per Share | 22.64 X | |||
| Number Of Employees | 3.11 K | |||
| Beta | 1.45 | |||
| Market Capitalization | 5.64 B | |||
| Total Asset | 77.89 B | |||
| Retained Earnings | 16.79 B | |||
| Working Capital | 6.37 B | |||
| Current Asset | 31.79 B | |||
| Current Liabilities | 25.42 B | |||
| Annual Yield | 0.04 % | |||
| Net Asset | 77.89 B | |||
| Last Dividend Paid | 14.5 |
About Aker ASA Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Aker ASA's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Aker ASA using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Aker ASA based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Aker ASA in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Aker ASA's short interest history, or implied volatility extrapolated from Aker ASA options trading.
Pair Trading with Aker ASA
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 Aker ASA 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 Aker ASA will appreciate offsetting losses from the drop in the long position's value.Moving against Aker Pink Sheet
| 0.86 | HTHIF | Hitachi | PairCorr |
| 0.85 | HTHIY | Hitachi Ltd ADR | PairCorr |
| 0.73 | MSBHF | Mitsubishi Corp | PairCorr |
| 0.73 | MITSF | Mitsui | PairCorr |
| 0.69 | MMM | 3M Company Financial Report 23rd of July 2024 | PairCorr |
The ability to find closely correlated positions to Aker ASA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aker ASA 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 Aker ASA - 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 Aker ASA to buy it.
The correlation of Aker ASA 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 Aker ASA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aker ASA 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 Aker ASA 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aker ASA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Aker ASA information on this page should be used as a complementary analysis to other Aker ASA's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Aker Pink Sheet analysis
When running Aker ASA's price analysis, check to measure Aker ASA'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 Aker ASA is operating at the current time. Most of Aker ASA's value examination focuses on studying past and present price action to predict the probability of Aker ASA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aker ASA's price. Additionally, you may evaluate how the addition of Aker ASA to your portfolios can decrease your overall portfolio volatility.
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios |