Idex Biometrics ASA Performance
| IDBADelisted Stock | USD 4.88 0.00 0.00% |
The company retains a Market Volatility (i.e., Beta) of -1.36, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Idex Biometrics are expected to decrease by larger amounts. On the other hand, during market turmoil, Idex Biometrics is expected to outperform it. Idex Biometrics ASA right now retains a risk of 0.0%. Please check out Idex Biometrics standard deviation, total risk alpha, kurtosis, as well as the relationship between the information ratio and potential upside , to decide if Idex Biometrics will be following its current trending patterns.
Risk-Adjusted Performance
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Over the last 90 days Idex Biometrics ASA has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong fundamental drivers, Idex Biometrics is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short-term losses for the investors. ...more
| Begin Period Cash Flow | 33.8 M | |
| Free Cash Flow | -32.2 M |
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Idex Biometrics Relative Risk vs. Return Landscape
If you would invest 488.00 in Idex Biometrics ASA on January 20, 2024 and sell it today you would earn a total of 0.00 from holding Idex Biometrics ASA or generate 0.0% return on investment over 90 days. Idex Biometrics ASA is currently does not generate positive expected returns and assumes 0.0% risk (volatility on return distribution) over the 90 days horizon. In different words, 0% of stocks are less volatile than Idex, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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Idex Biometrics Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Idex Biometrics' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Idex Biometrics ASA, and traders can use it to determine the average amount a Idex Biometrics' 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 = 0.0
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Based on monthly moving average Idex Biometrics 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 Idex Biometrics by adding Idex Biometrics to a well-diversified portfolio.
Idex Biometrics Fundamentals Growth
Idex Stock prices reflect investors' perceptions of the future prospects and financial health of Idex Biometrics, and Idex Biometrics 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 Idex Stock performance.
| Return On Equity | -1.41 | |||
| Return On Asset | -0.71 | |||
| Operating Margin | (6.35) % | |||
| Current Valuation | 76.81 M | |||
| Shares Outstanding | 17.55 M | |||
| Price To Book | 9.40 X | |||
| Price To Sales | 37.10 X | |||
| Revenue | 4.09 M | |||
| EBITDA | (31.31 M) | |||
| Cash And Equivalents | 16.32 M | |||
| Cash Per Share | 1.21 X | |||
| Total Debt | 119 K | |||
| Debt To Equity | 0.01 % | |||
| Book Value Per Share | 1.12 X | |||
| Cash Flow From Operations | (31.9 M) | |||
| Earnings Per Share | (2.43) X | |||
| Total Asset | 29.02 M | |||
About Idex Biometrics Performance
To evaluate Idex Biometrics 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 Idex Biometrics 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 Idex 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 Idex Biometrics ASA market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Idex'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.IDEX Biometrics ASA engages in the design, development, and sale of fingerprint authentication solutions in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific regions. IDEX Biometrics ASA was incorporated in 1996 and is headquartered in Oslo, Norway. IDEX Biometrics is traded on NASDAQ Exchange in the United States.Things to note about Idex Biometrics ASA performance evaluation
Checking the ongoing alerts about Idex Biometrics for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Idex Biometrics ASA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Idex Biometrics ASA is not yet fully synchronised with the market data | |
| Idex Biometrics ASA has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 4.09 M. Net Loss for the year was (32.66 M) with profit before overhead, payroll, taxes, and interest of 848 K. | |
| Idex Biometrics ASA currently holds about 16.32 M in cash with (31.9 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.21. |
- Analyzing Idex Biometrics' 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 Idex Biometrics' stock is overvalued or undervalued compared to its peers.
- Examining Idex Biometrics' 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 Idex Biometrics' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Idex Biometrics' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Idex Biometrics' stock. These opinions can provide insight into Idex Biometrics' potential for growth and whether the stock is currently undervalued or overvalued.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the Idex Biometrics ASA information on this page should be used as a complementary analysis to other Idex Biometrics' 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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Other Consideration for investing in Idex Stock
If you are still planning to invest in Idex Biometrics ASA check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Idex Biometrics' history and understand the potential risks before investing.
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