Norwegian Air Shuttle Stock Performance
| NWARF Stock | USD 1.30 0.04 2.99% |
On a scale of 0 to 100, Norwegian Air holds a performance score of 4. The company secures a Beta (Market Risk) of 1.05, which conveys a somewhat significant risk relative to the market. Norwegian Air returns are very sensitive to returns on the market. As the market goes up or down, Norwegian Air is expected to follow. Please check Norwegian Air's daily balance of power, market facilitation index, as well as the relationship between the expected short fall and value at risk , to make a quick decision on whether Norwegian Air's current price movements will revert.
Risk-Adjusted Performance
4 of 100
Weak | Strong |
Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Norwegian Air Shuttle are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. Despite nearly weak basic indicators, Norwegian Air reported solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 2.7 B | |
| Total Cashflows From Investing Activities | 222.6 M |
Norwegian |
Norwegian Air Relative Risk vs. Return Landscape
If you would invest 116.00 in Norwegian Air Shuttle on February 3, 2024 and sell it today you would earn a total of 14.00 from holding Norwegian Air Shuttle or generate 12.07% return on investment over 90 days. Norwegian Air Shuttle is currently producing 0.3636% returns and takes up 6.2464% volatility of returns over 90 trading days. Put another way, 55% of traded pink sheets are less volatile than Norwegian, and 93% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Norwegian Air Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Norwegian Air's investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as Norwegian Air Shuttle, and traders can use it to determine the average amount a Norwegian Air's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0582
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | NWARF | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 6.25 actual daily | 55 55% of assets are less volatile |
Expected Return
| 0.36 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Norwegian Air is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Norwegian Air by adding it to a well-diversified portfolio.
Norwegian Air Fundamentals Growth
Norwegian Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of Norwegian Air, and Norwegian Air fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Norwegian Pink Sheet performance.
| Return On Equity | 0.33 | |||
| Return On Asset | -0.0447 | |||
| Profit Margin | 0.08 % | |||
| Operating Margin | (0.09) % | |||
| Current Valuation | 1.05 B | |||
| Shares Outstanding | 929.99 M | |||
| Price To Earning | 0.27 X | |||
| Price To Book | 1.58 X | |||
| Price To Sales | 0.07 X | |||
| Revenue | 5.07 B | |||
| EBITDA | 3.69 B | |||
| Cash And Equivalents | 7.54 B | |||
| Cash Per Share | 8.11 X | |||
| Total Debt | 3.98 B | |||
| Debt To Equity | 2.81 % | |||
| Book Value Per Share | 5.22 X | |||
| Cash Flow From Operations | 139.1 M | |||
| Earnings Per Share | 0.01 X | |||
| Total Asset | 18.83 B | |||
| Current Asset | 5.64 B | |||
| Current Liabilities | 12.68 B | |||
About Norwegian Air Performance
To evaluate Norwegian Air Shuttle Pink Sheet as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Norwegian Air generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Norwegian Pink Sheet's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Norwegian Air Shuttle market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Norwegian's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.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 is traded on OTC Exchange in the United States.Things to note about Norwegian Air Shuttle performance evaluation
Checking the ongoing alerts about Norwegian Air for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for Norwegian Air Shuttle help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Norwegian Air had very high historical volatility over the last 90 days | |
| Norwegian Air may become a speculative penny stock | |
| About 20.0% of the company outstanding shares are owned by corporate insiders |
- Analyzing Norwegian Air's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Norwegian Air's stock is overvalued or undervalued compared to its peers.
- Examining Norwegian Air's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Norwegian Air's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Norwegian Air's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Norwegian Air's pink sheet. These opinions can provide insight into Norwegian Air's potential for growth and whether the stock is currently undervalued or overvalued.
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 metropolitan statistical area. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for Norwegian Pink Sheet 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.
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Stocks Directory Find actively traded stocks across global markets | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets |