Norwegian Air (Norway) Today
| NAS Stock | NOK 16.08 0.10 0.62% |
Performance14 of 100
| Odds Of DistressOver 51
|
Norwegian Air is selling for 16.08 as of the 17th of April 2024. This is a -0.62 percent down since the beginning of the trading day. The stock's lowest day price was 15.56. Norwegian Air has 51 percent odds of going through some form of financial distress in the next two years but had a very good returns during the last 90 days. Equity ratings for Norwegian Air Shuttle are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of April 2022 and ending today, the 17th of April 2024. Click here to learn more.
Norwegian Air Shuttle ASA, together with its subsidiaries, provides scheduled and charter airline services in Norway and internationally. Norwegian Air Shuttle ASA was founded in 1993 and is headquartered in Fornebu, Norway. NORWEGIAN AIR operates under Airlines classification in Norway and is traded on Oslo Stock Exchange. The company has 929.99 M outstanding shares. More on Norwegian Air Shuttle
Moving together with Norwegian Stock
| 0.77 | ELO | Elopak AS | PairCorr |
| 0.79 | TOM | Tomra Systems ASA | PairCorr |
Moving against Norwegian Stock
| 0.91 | WEST | Western Bulk Chartering | PairCorr |
| 0.7 | ELIMP | Elektroimportoren | PairCorr |
| 0.7 | MEDI | Medistim ASA Earnings Call Next Week | PairCorr |
| 0.64 | NORSE | Norse Atlantic ASA | PairCorr |
Follow Valuation Odds of Bankruptcy
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Norwegian 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. Norwegian Air's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Norwegian Air or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Idea | Air (View all Themes) |
| Business Concentration | Air, Airlines, Industrials (View all Sectors) |
Norwegian Air Shuttle (NAS) is traded on Oslo Stock Exchange in Norway and employs 2,812 people. The company currently falls under 'Mid-Cap' category with a current market capitalization of 9.61 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Norwegian Air's market, we take the total number of its shares issued and multiply it by Norwegian Air'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. Norwegian Air Shuttle operates under Industrials sector and is part of Airlines industry. The entity has 929.99 M outstanding shares.
Norwegian Air Shuttle has accumulated about 3.02 B in cash with 139.1 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 8.11.
Check Norwegian Air Probability Of Bankruptcy
Ownership AllocationNorwegian Air Shuttle maintains a total of 929.99 Million outstanding shares. Norwegian Air Shuttle holds significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Norwegian Ownership Details
Norwegian Stock Price Odds Analysis
Proceeding from a normal probability distribution, the odds of Norwegian Air jumping above the current price in 90 days from now is about 40.03%. The Norwegian Air Shuttle probability density function shows the probability of Norwegian Air stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Norwegian Air has a beta of 0.3404. This indicates as returns on the market go up, Norwegian Air average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Norwegian Air Shuttle will be expected to be much smaller as well. Additionally, norwegian Air Shuttle has an alpha of 0.3797, implying that it can generate a 0.38 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Norwegian Air to move above the current price in 90 days from now is about 40.03 (This Norwegian Air Shuttle probability density function shows the probability of Norwegian Stock to fall within a particular range of prices over 90 days) .
Norwegian Air Shuttle Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Norwegian Air market risk premium is the additional return an investor will receive from holding Norwegian Air 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 Norwegian Air. 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 Norwegian Air's alpha and beta are two of the key measurements used to evaluate Norwegian Air's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.88 | |||
| Semi Deviation | 1.73 | |||
| Standard Deviation | 2.63 | |||
| Variance | 6.94 |
Norwegian Stock Against Markets
Picking the right benchmark for Norwegian Air 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 Norwegian Air 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 Norwegian Air is critical whether you are bullish or bearish towards Norwegian Air Shuttle at a given time. Please also check how Norwegian Air's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Norwegian Air without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Norwegian Air Corporate Management
Elected by the shareholders, the Norwegian Air's board of directors comprises two types of representatives: Norwegian Air inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Norwegian. The board's role is to monitor Norwegian Air's management team and ensure that shareholders' interests are well served. Norwegian Air'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, Norwegian Air's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Christoffer Sundby | Marketing Sales | Profile | |
| Magnus Maursund | Pricing Network | Profile | |
| Jesper Hatletveit | VP Relations | Profile | |
| Guro Poulsen | Ex People | Profile | |
| Geir Karlsen | Chief Officer | Profile | |
| Knut Hoeg | Exec Services | Profile | |
| Dominic Tucker | Head UK | Profile |
How to buy Norwegian Stock?
Before investing in Norwegian Air, 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 Norwegian Air. To buy Norwegian Air stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Norwegian Air. 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 Norwegian Air stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Norwegian Air Shuttle 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 Norwegian Air Shuttle 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 Norwegian Air Shuttle, 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 Norwegian Air Shuttle?
The danger of trading Norwegian Air Shuttle 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 Norwegian Air 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 Norwegian Air. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Norwegian Air Shuttle 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Norwegian Air Shuttle. 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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Complementary Tools for Norwegian Stock analysis
When running Norwegian Air's price analysis, check to measure Norwegian Air'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 Norwegian Air is operating at the current time. Most of Norwegian Air's value examination focuses on studying past and present price action to predict the probability of Norwegian Air's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Norwegian Air's price. Additionally, you may evaluate how the addition of Norwegian Air to your portfolios can decrease your overall portfolio volatility.
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