Evonik Industries (Germany) Today
Evonik Industries is trading at 18.51 as of the 25th of April 2024. This is a -2.37 percent decrease since the beginning of the trading day. The stock's lowest day price was 18.51. Equity ratings for Evonik Industries AG are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of March 2024 and ending today, the 25th of April 2024. Click here to learn more.
Valuation
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Evonik 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. Evonik Industries' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Evonik Industries or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Specialty Chemicals, Basic Materials (View all Sectors) |
Evonik Industries AG (EVK) is traded on Frankfurt Exchange in Germany and employs 33,836 people. The company currently falls under 'Mid-Cap' category with a current market capitalization of 9.45 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Evonik Industries's market, we take the total number of its shares issued and multiply it by Evonik Industries'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. Evonik Industries classifies itself under Basic Materials sector and is part of Specialty Chemicals industry. The entity has 466 M outstanding shares.
Evonik Industries AG has accumulated about 1.19 B in cash with 1.81 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.54.
Check Evonik Industries Probability Of Bankruptcy
Evonik Stock Against Markets
Picking the right benchmark for Evonik Industries 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 Evonik Industries 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 Evonik Industries is critical whether you are bullish or bearish towards Evonik Industries AG at a given time. Please also check how Evonik Industries' historical prices are related to one of the top price index indicators.
Evonik Industries 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 Evonik Industries stock to make a market-neutral strategy. Peer analysis of Evonik Industries could also be used in its relative valuation, which is a method of valuing Evonik Industries by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Evonik Industries Corporate Management
Elected by the shareholders, the Evonik Industries' board of directors comprises two types of representatives: Evonik Industries inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Evonik. The board's role is to monitor Evonik Industries' management team and ensure that shareholders' interests are well served. Evonik Industries' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Evonik Industries' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ute Wolf | CFO Board | Profile | |
| Tim Lange | Head Relations | Profile | |
| Gerard Berote | Managing Taiwan | Profile | |
| Christian Kullmann | CEO Board | Profile | |
| Thomas Mahlstedt | Co MA | Profile | |
| Wilfried Ostendorf | Head Technology | Profile | |
| Christian Schmid | Head Communications | Profile |
How to buy Evonik Stock?
Before investing in Evonik Industries, 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 Evonik Industries. To buy Evonik Industries stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Evonik Industries. 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 Evonik Industries stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Evonik Industries AG 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 Evonik Industries AG 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 Evonik Industries AG, 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 Evonik Industries AG?
The danger of trading Evonik Industries AG 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 Evonik Industries 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 Evonik Industries. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Evonik Industries 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 Investing Opportunities 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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for Evonik Stock analysis
When running Evonik Industries' price analysis, check to measure Evonik Industries' 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 Evonik Industries is operating at the current time. Most of Evonik Industries' value examination focuses on studying past and present price action to predict the probability of Evonik Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Evonik Industries' price. Additionally, you may evaluate how the addition of Evonik Industries to your portfolios can decrease your overall portfolio volatility.
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