Aega Asa Stock Price To Earning
| AEGA Stock | NOK 1.94 0.06 3.00% |
Aega ASA fundamentals help investors to digest information that contributes to Aega ASA's financial success or failures. It also enables traders to predict the movement of Aega Stock. The fundamental analysis module provides a way to measure Aega 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 Aega ASA stock.
Aega |
Aega ASA Company Price To Earning Analysis
Aega ASA's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current Aega ASA Price To Earning | (53.57) X |
Most of Aega ASA's fundamental indicators, such as Price To Earning, 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, Aega ASA is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
| Competition |
Based on the latest financial disclosure, Aega ASA has a Price To Earning of -53.57 times. This is 277.38% lower than that of the Utilities sector and 271.97% lower than that of the Utilities - Independent Power Producers industry. The price to earning for all Norway stocks is notably higher than that of the company.
Aega Price To Earning Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Aega ASA's direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Aega ASA could also be used in its relative valuation, which is a method of valuing Aega ASA by comparing valuation metrics of similar companies.Aega ASA is currently under evaluation in price to earning category among related companies.
Aega Fundamentals
| Return On Equity | -0.26 | |||
| Return On Asset | -0.0034 | |||
| Profit Margin | (0.85) % | |||
| Operating Margin | (0.04) % | |||
| Current Valuation | 171.45 M | |||
| Shares Outstanding | 71.38 M | |||
| Shares Owned By Insiders | 43.11 % | |||
| Shares Owned By Institutions | 0.84 % | |||
| Price To Earning | (53.57) X | |||
| Price To Book | 0.78 X | |||
| Price To Sales | 27.46 X | |||
| Revenue | 1.84 M | |||
| Gross Profit | 1.84 M | |||
| EBITDA | 925.45 K | |||
| Net Income | (296.39 K) | |||
| Cash And Equivalents | 4.3 M | |||
| Cash Per Share | 0.02 X | |||
| Total Debt | 8.04 M | |||
| Debt To Equity | 212.40 % | |||
| Current Ratio | 1.46 X | |||
| Book Value Per Share | 0.13 X | |||
| Cash Flow From Operations | (21.78 K) | |||
| Earnings Per Share | (0.19) X | |||
| Beta | 0.88 | |||
| Market Capitalization | 60.67 M | |||
| Total Asset | 19.83 M | |||
| Retained Earnings | (4 M) | |||
| Working Capital | 1000 K | |||
| Current Asset | 4 M | |||
| Current Liabilities | 3 M | |||
| Z Score | 4.2 | |||
| Net Asset | 19.83 M |
About Aega ASA Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Aega ASA's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Aega ASA using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Aega 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 Aega 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, Aega ASA's short interest history, or implied volatility extrapolated from Aega ASA options trading.
Pair Trading with Aega 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 Aega 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 Aega ASA will appreciate offsetting losses from the drop in the long position's value.Moving together with Aega Stock
| 0.73 | EAM | EAM Solar ASA | PairCorr |
Moving against Aega Stock
| 0.86 | VAR | Var Energi ASA | PairCorr |
| 0.58 | ADE | Adevinta ASA | PairCorr |
| 0.57 | AKRBP | Aker BP ASA Earnings Call Tomorrow | PairCorr |
| 0.5 | NHY | Norsk Hydro ASA | PairCorr |
| 0.49 | EQNR | Equinor ASA | PairCorr |
The ability to find closely correlated positions to Aega 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 Aega 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 Aega 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 Aega ASA to buy it.
The correlation of Aega 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 Aega ASA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aega 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 Aega 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 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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Aega Stock analysis
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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