Elkem ASA (Norway) Buy Hold or Sell Recommendation

ELK Stock  NOK 21.32  0.10  0.47%   
Assuming the 90 days trading horizon and your complete indifference towards market risk, our recommendation regarding Elkem ASA is 'Strong Buy'. Macroaxis provides Elkem ASA buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding ELK positions. The advice algorithm takes into account all of Elkem ASA's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Elkem ASA's buy or sell advice are summarized below:
Real Value
19.01
Hype Value
21.32
Market Value
21.32
Naive Value
20.04
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Elkem ASA given historical horizon and risk tolerance towards Elkem ASA. When Macroaxis issues a 'buy' or 'sell' recommendation for Elkem ASA, the advice is generated through an automated system that utilizes algorithms and statistical models.
  
Check out Elkem 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.
In addition, we conduct extensive research on individual companies such as Elkem and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Elkem ASA. 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.

Execute Elkem ASA Buy or Sell Advice

The Elkem recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Elkem ASA. Macroaxis does not own or have any residual interests in Elkem ASA or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Elkem ASA's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Elkem ASABuy Elkem ASA
Strong Buy

Market Performance

WeakDetails

Volatility

Not too volatileDetails

Hype Condition

StaleDetails

Current Valuation

OvervaluedDetails

Odds Of Distress

LowDetails

Economic Sensitivity

Slowly supersedes the marketDetails

Analyst Consensus

Not AvailableDetails

Reporting Quality (M-Score)

InapplicableDetails
For the selected time horizon Elkem ASA has a Risk Adjusted Performance of 0.039, Jensen Alpha of 0.0747, Total Risk Alpha of (0.44), Sortino Ratio of 0.0035 and Treynor Ratio of 0.2853
Our investment recommendation module complements current analysts and expert consensus on Elkem ASA. It analyzes the firm potential to grow using all fundamental, technical, and market related data available at the time. To make sure Elkem ASA is not overpriced, please confirm all Elkem ASA fundamentals, including its shares owned by institutions, ebitda, current ratio, as well as the relationship between the price to sales and cash per share .

Elkem ASA Trading Alerts and Improvement Suggestions

Elkem ASA has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations
About 55.0% of the company shares are held by company insiders

Elkem ASA Returns Distribution Density

The distribution of Elkem ASA's historical returns is an attempt to chart the uncertainty of Elkem ASA's future price movements. The chart of the probability distribution of Elkem ASA daily returns describes the distribution of returns around its average expected value. We use Elkem ASA price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Elkem ASA returns is essential to provide solid investment advice for Elkem ASA.
Mean Return
0.14
Value At Risk
-3.36
Potential Upside
3.97
Standard Deviation
2.54
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Elkem 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.

Elkem 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 Elkem ASA or Chemicals 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 Elkem 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 Elkem 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
0.07
β
Beta against NYSE Composite0.46
σ
Overall volatility
2.55
Ir
Information ratio 0

Elkem ASA Volatility Alert

Elkem ASA currently demonstrates below-average downside deviation. It has Information Ratio of 0.0 and Jensen Alpha of 0.07. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Elkem 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 Elkem 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.

Elkem ASA Fundamentals Vs Peers

Comparing Elkem 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 Elkem ASA's direct or indirect competition across all of the common fundamentals between Elkem ASA and the related equities. This way, we can detect undervalued stocks with similar characteristics as Elkem ASA or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Elkem ASA's fundamental indicators could also be used in its relative valuation, which is a method of valuing Elkem ASA by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Elkem ASA to competition
FundamentalsElkem ASAPeer Average
Return On Equity0.4-0.31
Return On Asset0.15-0.14
Profit Margin0.21 %(1.27) %
Operating Margin0.26 %(5.51) %
Current Valuation25.67 B16.62 B
Shares Outstanding635.52 M571.82 M
Shares Owned By Insiders55.40 %10.09 %
Shares Owned By Institutions27.78 %39.21 %
Price To Earning6.16 X28.72 X
Price To Book0.77 X9.51 X
Price To Sales0.49 X11.42 X
Revenue45.02 B9.43 B
Gross Profit23.64 B27.38 B
EBITDA13.48 B3.9 B
Net Income12.41 B570.98 M
Cash And Equivalents9.26 B2.7 B
Cash Per Share9.23 X5.01 X
Total Debt10.33 B5.32 B
Debt To Equity85.60 %48.70 %
Current Ratio2.14 X2.16 X
Book Value Per Share45.14 X1.93 K
Cash Flow From Operations9.31 B971.22 M
Earnings Per Share16.77 X3.12 X
Target Price44.4
Number Of Employees7.3 K18.84 K
Beta1.59-0.15
Market Capitalization24.28 B19.03 B
Total Asset52.78 B29.47 B
Z Score1.28.72
Annual Yield0.16 %
Net Asset52.78 B
Last Dividend Paid6.0

Elkem ASA Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Elkem . 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 Elkem ASA Buy or Sell Advice

When is the right time to buy or sell Elkem ASA? Buying financial instruments such as Elkem 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.

Use Investing Ideas to Build Portfolios

In addition to having Elkem 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.

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Most Shorted Equities
Most Shorted Equities Theme
Dynamically calculated list of top equities currently trending upward via a buy-out by investors. The Most Shorted Equities theme has 208 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Most Shorted Equities Theme or any other thematic opportunities.
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Check out Elkem 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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.

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Please note, there is a significant difference between Elkem ASA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Elkem ASA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elkem ASA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.