Asetek (Norway) Today
Asetek is selling for 6.34 as of the 19th of April 2024. This is a 5.67 percent up since the beginning of the trading day. The stock's lowest day price was 5.6. Equity ratings for Asetek are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Valuation
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Asetek Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Asetek's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Asetek or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Computer Hardware, Technology, Computing (View all Sectors) |
Asetek (ASTK) is traded on Oslo Stock Exchange in Norway and employs 115 people. The company currently falls under 'Small-Cap' category with a current market capitalization of 361.24 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Asetek's market, we take the total number of its shares issued and multiply it by Asetek's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Asetek operates under Technology sector and is part of Computer Hardware industry. The entity has 25.84 M outstanding shares.
Asetek has accumulated about 23.3 M in cash with 14.32 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.96.
Check Asetek Probability Of Bankruptcy
Asetek Stock Price Odds Analysis
Proceeding from a normal probability distribution, the odds of Asetek jumping above the current price in 90 days from now is about 68.94%. The Asetek probability density function shows the probability of Asetek stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Asetek has a beta of -0.1109. This suggests as returns on the benchmark increase, returns on holding Asetek are expected to decrease at a much lower rate. During a bear market, however, Asetek is likely to outperform the market. Additionally, asetek has an alpha of 0.1781, implying that it can generate a 0.18 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Asetek to move above the current price in 90 days from now is about 68.94 (This Asetek probability density function shows the probability of Asetek Stock to fall within a particular range of prices over 90 days) .
Asetek Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Asetek market risk premium is the additional return an investor will receive from holding Asetek long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Asetek. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Asetek's alpha and beta are two of the key measurements used to evaluate Asetek's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 2.59 | |||
| Semi Deviation | 3.24 | |||
| Standard Deviation | 3.68 | |||
| Variance | 13.52 |
Asetek Stock Against Markets
Picking the right benchmark for Asetek stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Asetek stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Asetek is critical whether you are bullish or bearish towards Asetek at a given time. Please also check how Asetek's historical prices are related to one of the top price index indicators.
Asetek Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Asetek stock to make a market-neutral strategy. Peer analysis of Asetek could also be used in its relative valuation, which is a method of valuing Asetek by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Asetek Corporate Management
Elected by the shareholders, the Asetek's board of directors comprises two types of representatives: Asetek inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Asetek. The board's role is to monitor Asetek's management team and ensure that shareholders' interests are well served. Asetek's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Asetek's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Magnus Hakanen | VP Quality | Profile | |
| John Hamill | Chief Officer | Profile | |
| Jamie Jamieson | VP Sales | Profile | |
| Peter Madsen | Chief Officer | Profile | |
| Jim Carlton | VP Unit | Profile | |
| Andre Eriksen | Founder CEO | Profile |
How to buy Asetek Stock?
Before investing in Asetek, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Asetek. To buy Asetek stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Asetek. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Asetek stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Asetek stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Asetek stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Asetek, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Asetek?
The danger of trading Asetek is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Asetek is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Asetek. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Asetek is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities 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 board of governors. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary Tools for Asetek Stock analysis
When running Asetek's price analysis, check to measure Asetek'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 Asetek is operating at the current time. Most of Asetek's value examination focuses on studying past and present price action to predict the probability of Asetek's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Asetek's price. Additionally, you may evaluate how the addition of Asetek to your portfolios can decrease your overall portfolio volatility.
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