Nekkar Asa (Norway) Buy Hold or Sell Recommendation
| NKR Stock | NOK 9.54 0.08 0.83% |
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding Nekkar Asa is 'Strong Hold'. Macroaxis provides Nekkar Asa buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding NKR positions. The advice algorithm takes into account all of Nekkar Asa's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Nekkar Asa's buy or sell advice are summarized below:
Real Value 9.85 | Hype Value 9.54 | Market Value 9.54 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Nekkar Asa given historical horizon and risk tolerance towards Nekkar Asa. When Macroaxis issues a 'buy' or 'sell' recommendation for Nekkar Asa, the advice is generated through an automated system that utilizes algorithms and statistical models.
Nekkar |
Execute Nekkar Asa Buy or Sell Advice
The Nekkar recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Nekkar Asa. Macroaxis does not own or have any residual interests in Nekkar Asa or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Nekkar Asa's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | Very Weak | Details | |
Volatility | Not too volatile | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Nekkar Asa Trading Alerts and Improvement Suggestions
| Nekkar Asa generated a negative expected return over the last 90 days | |
| Nekkar Asa has accumulated about 174.5 M in cash with (54.59 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.46. | |
| Roughly 58.0% of the company outstanding shares are owned by corporate insiders |
Nekkar Asa Returns Distribution Density
The distribution of Nekkar Asa's historical returns is an attempt to chart the uncertainty of Nekkar Asa's future price movements. The chart of the probability distribution of Nekkar Asa daily returns describes the distribution of returns around its average expected value. We use Nekkar Asa price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Nekkar Asa returns is essential to provide solid investment advice for Nekkar Asa.
| Mean Return | -0.02 | Value At Risk | -2.97 | Potential Upside | 3.33 | Standard Deviation | 2.10 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Nekkar Asa historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Nekkar Asa Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Nekkar Asa or Industrials sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Nekkar Asa's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Nekkar stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.08 | |
β | Beta against NYSE Composite | 0.63 | |
σ | Overall volatility | 2.06 | |
Ir | Information ratio | -0.05 |
Nekkar Asa Volatility Alert
Nekkar Asa exhibits very low volatility with skewness of 0.18 and kurtosis of 0.1. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Nekkar Asa's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Nekkar Asa's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Nekkar Asa Fundamentals Vs Peers
Comparing Nekkar Asa's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Nekkar Asa's direct or indirect competition across all of the common fundamentals between Nekkar Asa and the related equities. This way, we can detect undervalued stocks with similar characteristics as Nekkar Asa or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Nekkar Asa's fundamental indicators could also be used in its relative valuation, which is a method of valuing Nekkar Asa by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Nekkar Asa to competition |
| Fundamentals | Nekkar Asa | Peer Average |
| Return On Equity | 0.27 | -0.31 |
| Return On Asset | 0.13 | -0.14 |
| Profit Margin | 0.18 % | (1.27) % |
| Operating Margin | 0.21 % | (5.51) % |
| Current Valuation | 475.65 M | 16.62 B |
| Shares Outstanding | 106.77 M | 571.82 M |
| Shares Owned By Insiders | 57.77 % | 10.09 % |
| Shares Owned By Institutions | 6.50 % | 39.21 % |
| Price To Earning | 4.73 X | 28.72 X |
| Price To Book | 2.07 X | 9.51 X |
| Price To Sales | 1.52 X | 11.42 X |
| Revenue | 479.98 M | 9.43 B |
| Gross Profit | 243.28 M | 27.38 B |
| EBITDA | 139.35 M | 3.9 B |
| Net Income | 132.53 M | 570.98 M |
| Cash And Equivalents | 174.5 M | 2.7 B |
| Cash Per Share | 3.46 X | 5.01 X |
| Total Debt | 4.23 M | 5.32 B |
| Debt To Equity | 0.03 % | 48.70 % |
| Current Ratio | 1.34 X | 2.16 X |
| Book Value Per Share | 2.99 X | 1.93 K |
| Cash Flow From Operations | (54.59 M) | 971.22 M |
| Earnings Per Share | 0.75 X | 3.12 X |
| Number Of Employees | 71 | 18.84 K |
| Beta | 0.77 | -0.15 |
| Market Capitalization | 731.4 M | 19.03 B |
| Total Asset | 451.24 M | 29.47 B |
| Annual Yield | 0.76 % | |
| Net Asset | 451.24 M |
Nekkar Asa Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Nekkar . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Nekkar Asa Buy or Sell Advice
When is the right time to buy or sell Nekkar Asa? Buying financial instruments such as Nekkar Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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In addition to having Nekkar Asa in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out Nekkar Asa Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Complementary Tools for Nekkar Stock analysis
When running Nekkar Asa's price analysis, check to measure Nekkar 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 Nekkar Asa is operating at the current time. Most of Nekkar Asa's value examination focuses on studying past and present price action to predict the probability of Nekkar 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 Nekkar Asa's price. Additionally, you may evaluate how the addition of Nekkar Asa to your portfolios can decrease your overall portfolio volatility.
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