AB SKF (Sweden) Today
| SKF-A Stock | SEK 218.00 3.00 1.36% |
Performance10 of 100
| Odds Of DistressLess than 9
|
AB SKF is selling for under 218.00 as of the 23rd of April 2024; that is -1.36 percent decrease since the beginning of the trading day. The stock's lowest day price was 214.5. AB SKF has less than a 9 % chance of experiencing financial distress in the next few years and had a ok performance during the last 90 days. Equity ratings for AB SKF are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of January 2024 and ending today, the 23rd of April 2024. Click here to learn more.
AB SKF provides bearings, seals, condition monitoring, and lubrication systems and services. The company was founded in 1907 and is headquartered in Gothenburg, Sweden. SKF AB operates under Tools Accessories classification in Sweden and is traded on Stockholm Stock Exchange. The company has 29.4 M outstanding shares. More on AB SKF
Moving together with SKF-A Stock
| 1.0 | SKF-B | AB SKF Earnings Call This Week | PairCorr |
| 0.67 | HUSQ-B | Husqvarna AB Earnings Call Tomorrow | PairCorr |
| 0.65 | HUSQ-A | Husqvarna AB | PairCorr |
| 0.88 | SEB-A | Skandinaviska Enskilda Earnings Call Tomorrow | PairCorr |
Moving against SKF-A Stock
| 0.5 | ERIC-A | Telefonaktiebolaget | PairCorr |
Follow Valuation Odds of Bankruptcy
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SKF-A 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. AB SKF's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding AB SKF or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Tools & Accessories, Industrials (View all Sectors) |
AB SKF (SKF-A) is traded on Stockholm Exchange in Sweden and employs 42,641 people. The company currently falls under 'Large-Cap' category with a current market capitalization of 93.39 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate AB SKF's market, we take the total number of its shares issued and multiply it by AB SKF'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. AB SKF operates under Industrials sector and is part of Tools & Accessories industry. The entity has 29.4 M outstanding shares.
AB SKF has accumulated about 13.22 B in cash with 5.25 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 26.86.
Check AB SKF Probability Of Bankruptcy
Ownership AllocationAB SKF secures a total of 29.4 Million outstanding shares. Over half of AB SKF's outstanding shares are owned by institutions. These institutions are typically referred to as corporate investors that acquire positions in a given instrument to benefit from reduced trade commissions. Hence, these institutions are subject to different rules and regulations than regular investors in AB SKF. Please watch out for any change in the institutional holdings of AB SKF as this could mean something significant has changed or is about to change at the company. Please note that no matter how many assets the company retains, if the real value of the entity is less than the current market value, you may not be able to make money on it.
Check SKF-A Ownership Details
SKF-A Stock Price Odds Analysis
Attributed to a normal probability distribution, the odds of AB SKF jumping above the current price in 90 days from now is about 32.81%. The AB SKF probability density function shows the probability of AB SKF stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon AB SKF has a beta of -0.1584. This usually implies as returns on the benchmark increase, returns on holding AB SKF are expected to decrease at a much lower rate. During a bear market, however, AB SKF is likely to outperform the market. Additionally, aB SKF has an alpha of 0.2744, implying that it can generate a 0.27 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of AB SKF to move above the current price in 90 days from now is about 32.81 (This AB SKF probability density function shows the probability of SKF-A Stock to fall within a particular range of prices over 90 days) .
AB SKF Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. AB SKF market risk premium is the additional return an investor will receive from holding AB SKF 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 AB SKF. 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 AB SKF's alpha and beta are two of the key measurements used to evaluate AB SKF's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.42 | |||
| Semi Deviation | 1.29 | |||
| Standard Deviation | 1.78 | |||
| Variance | 3.17 |
SKF-A Stock Against Markets
Picking the right benchmark for AB SKF 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 AB SKF 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 AB SKF is critical whether you are bullish or bearish towards AB SKF at a given time. Please also check how AB SKF'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 AB SKF 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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AB SKF Corporate Management
Elected by the shareholders, the AB SKF's board of directors comprises two types of representatives: AB SKF inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SKF-A. The board's role is to monitor AB SKF's management team and ensure that shareholders' interests are well served. AB SKF'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, AB SKF's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Theo Kjellberg | Director Relations | Profile | |
| Kent Viitanen | Pres Africa | Profile | |
| John Schmidt | Pres Americas | Profile | |
| Carina Berg | Director Accounting | Profile | |
| Joakim Landholm | VP Transformation | Profile | |
| Rickard Gustafson | CEO Pres | Profile | |
| Annika Olme | Chief Officer | Profile |
How to buy SKF-A Stock?
Before investing in AB SKF, 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 AB SKF. To buy AB SKF stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of AB SKF. 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 AB SKF stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located AB SKF 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 AB SKF 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 AB SKF, 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 AB SKF?
The danger of trading AB SKF 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 AB SKF 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 AB SKF. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile AB SKF 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 World Market Map to better understand how to build diversified portfolios, which includes a position in AB SKF. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the AB SKF information on this page should be used as a complementary analysis to other AB SKF's 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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary Tools for SKF-A Stock analysis
When running AB SKF's price analysis, check to measure AB SKF'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 AB SKF is operating at the current time. Most of AB SKF's value examination focuses on studying past and present price action to predict the probability of AB SKF's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AB SKF's price. Additionally, you may evaluate how the addition of AB SKF to your portfolios can decrease your overall portfolio volatility.
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