Aega ASA (Norway) Performance

The firm shows a Beta (market volatility) of -0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Aega ASA are expected to decrease at a much lower rate. During the bear market, Aega ASA is likely to outperform the market. Aega ASA has an expected return of -0.15%. Please make sure to confirm Aega ASA coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Aega ASA performance from the past will be repeated at some point in the near future.

Risk-Adjusted Performance

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Over the last 90 days Aega ASA has generated negative risk-adjusted returns adding no value to investors with long positions. Despite quite persistent basic indicators, Aega ASA is not utilizing all of its potentials. The recent stock price mess, may contribute to short-term losses for the institutional investors. ...more
Begin Period Cash Flow3.1 M
Total Cashflows From Investing Activities-520.4 K
  

Aega ASA Relative Risk vs. Return Landscape

If you would invest  233.00  in Aega ASA on December 29, 2023 and sell it today you would lose (29.00) from holding Aega ASA or give up 12.45% of portfolio value over 90 days. Aega ASA is generating negative expected returns and assumes 3.4985% volatility on return distribution over the 90 days horizon. Simply put, 30% of stocks are less volatile than Aega, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days.
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Assuming the 90 days trading horizon Aega ASA is expected to under-perform the market. In addition to that, the company is 6.15 times more volatile than its market benchmark. It trades about -0.04 of its total potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.24 per unit of volatility.

Aega ASA Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Aega ASA's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Aega ASA, and traders can use it to determine the average amount a Aega ASA'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 = -0.042

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Negative ReturnsAEGA

Estimated Market Risk

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70% of assets are more volatile

Expected Return

 -0.15
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Risk-Adjusted Return

 -0.04
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Most of other assets perform better
Based on monthly moving average Aega ASA is not performing at its full potential. However, 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 Aega ASA by adding Aega ASA to a well-diversified portfolio.

Aega ASA Fundamentals Growth

Aega Stock prices reflect investors' perceptions of the future prospects and financial health of Aega ASA, and Aega ASA 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 Aega Stock performance.

About Aega ASA Performance

To evaluate Aega ASA Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Aega ASA generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Aega Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Aega ASA market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Aega's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Aega ASA, a solar utility company, acquires and operates solar power plants. Aega ASA was founded in 2011 and is headquartered in Oslo, Norway. AEGA ASA operates under Financial Services classification in Norway and is traded on Oslo Stock Exchange. It employs 2 people.

Things to note about Aega ASA performance evaluation

Checking the ongoing alerts about Aega ASA for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Aega ASA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Aega ASA generated a negative expected return over the last 90 days
Aega ASA has high historical volatility and very poor performance
Aega ASA has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations
The company reported the revenue of 1.84 M. Net Loss for the year was (296.39 K) with profit before overhead, payroll, taxes, and interest of 1.84 M.
Aega ASA has accumulated about 4.3 M in cash with (21.78 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02.
Roughly 43.0% of the company shares are held by company insiders
Evaluating Aega ASA's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Aega ASA's stock performance include:
  • Analyzing Aega ASA'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 Aega ASA's stock is overvalued or undervalued compared to its peers.
  • Examining Aega ASA'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 Aega ASA's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Aega ASA's management team can help you assess the Company's leadership.
  • Pay attention to analyst opinions and ratings of Aega ASA's stock. These opinions can provide insight into Aega ASA's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Aega ASA's stock performance is not an exact science, and many factors can impact Aega ASA's stock market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aega 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 board of governors.
You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

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When running Aega ASA's price analysis, check to measure Aega 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 Aega ASA is operating at the current time. Most of Aega ASA's value examination focuses on studying past and present price action to predict the probability of Aega 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 Aega ASA's price. Additionally, you may evaluate how the addition of Aega ASA to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Aega ASA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aega ASA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aega ASA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.