Africa Oil (Sweden) Today
| AOI Stock | SEK 18.57 0.24 1.28% |
Performance0 of 100
| Odds Of DistressOver 67
|
Africa Oil is selling for under 18.57 as of the 24th of April 2024; that is -1.28 percent down since the beginning of the trading day. The stock's last reported lowest price was 18.1. Africa Oil has more than 67 % chance of experiencing financial distress in the next few years of operation. It also generated negative returns for investors over the last 90 days. Equity ratings for Africa Oil Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 5th of May 2022 and ending today, the 24th of April 2024. Click here to learn more.
Africa Oil Corp., together with its subsidiaries, operates as an oil and gas exploration and development company in Kenya and Ethiopia. Africa Oil Corp. was incorporated in 1983 and is based in Vancouver, Canada. Africa Oil operates under Oil Gas EP classification in Sweden and is traded on Stockholm Stock Exchange. The company has 460.59 M outstanding shares. More on Africa Oil Corp
Moving together with Africa Stock
| 0.76 | MAHA-A | Maha Energy AB | PairCorr |
Moving against Africa Stock
| 0.91 | SHB-B | Svenska Handelsbanken | PairCorr |
| 0.85 | SHB-A | Svenska Handelsbanken Earnings Call Today | PairCorr |
| 0.83 | SEB-C | Skandinaviska Enskilda | PairCorr |
Follow Valuation Odds of Bankruptcy
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Africa 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. Africa Oil's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Africa Oil or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Oil & Gas E&P, Energy (View all Sectors) |
Africa Oil Corp (AOI) is traded on Stockholm Exchange in Sweden and employs 8 people. The company currently falls under 'Large-Cap' category with a current market capitalization of 10.28 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Africa Oil's market, we take the total number of its shares issued and multiply it by Africa Oil'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. Africa Oil Corp operates under Energy sector and is part of Oil & Gas E&P industry. The entity has 460.59 M outstanding shares.
Africa Oil Corp has accumulated about 355.23 M in cash with (10.21 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.75.
Check Africa Oil Probability Of Bankruptcy
Ownership AllocationAfrica Oil Corp retains a total of 460.59 Million outstanding shares. Africa Oil Corp shows 15.72 percent of its outstanding shares held by insiders and 4.2 percent owned by other corporate entities. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
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Africa Stock Price Odds Analysis
Attributed to a normal probability distribution, the odds of Africa Oil jumping above the current price in 90 days from now is about 41.5%. The Africa Oil Corp probability density function shows the probability of Africa Oil stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Africa Oil has a beta of 0.3063. This suggests as returns on the market go up, Africa Oil average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Africa Oil Corp will be expected to be much smaller as well. Additionally, africa Oil Corp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Africa Oil to move above the current price in 90 days from now is about 41.5 (This Africa Oil Corp probability density function shows the probability of Africa Stock to fall within a particular range of prices over 90 days) .
Africa Oil Corp Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Africa Oil market risk premium is the additional return an investor will receive from holding Africa Oil 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 Africa Oil. 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 Africa Oil's alpha and beta are two of the key measurements used to evaluate Africa Oil's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.61 | |||
| Standard Deviation | 2.32 | |||
| Variance | 5.4 | |||
| Risk Adjusted Performance | 5.0E-4 |
Africa Stock Against Markets
Picking the right benchmark for Africa Oil 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 Africa Oil 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 Africa Oil is critical whether you are bullish or bearish towards Africa Oil Corp at a given time. Please also check how Africa Oil'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 Africa Oil 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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| All Next | Launch Module |
Africa Oil Corporate Management
Elected by the shareholders, the Africa Oil's board of directors comprises two types of representatives: Africa Oil inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Africa. The board's role is to monitor Africa Oil's management team and ensure that shareholders' interests are well served. Africa Oil'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, Africa Oil's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Kevin Hisko | Corporate Secretary | Profile | |
| Kylie Litchfield | Group Controller | Profile | |
| Bryan Benitz | Consultant | Profile | |
| Pascal Nicodeme | Chief Officer | Profile | |
| Craig Knight | Chief Officer | Profile | |
| Paul Martinez | VP Exploration | Profile | |
| Rashida McLean | Corp Sec | Profile |
How to buy Africa Stock?
Before investing in Africa Oil, 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 Africa Oil. To buy Africa Oil stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Africa Oil. 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 Africa Oil stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Africa Oil Corp 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 Africa Oil Corp 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 Africa Oil Corp, 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 Africa Oil Corp?
The danger of trading Africa Oil Corp 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 Africa Oil 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 Africa Oil. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Africa Oil Corp 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Africa Oil Corp. 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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for Africa Stock analysis
When running Africa Oil's price analysis, check to measure Africa Oil'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 Africa Oil is operating at the current time. Most of Africa Oil's value examination focuses on studying past and present price action to predict the probability of Africa Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Africa Oil's price. Additionally, you may evaluate how the addition of Africa Oil to your portfolios can decrease your overall portfolio volatility.
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