Nok Airlines Pcl Stock Net Asset
| N5A Stock | 0.03 0.00 0.00% |
Nok Airlines PCL fundamentals help investors to digest information that contributes to Nok Airlines' financial success or failures. It also enables traders to predict the movement of Nok Stock. The fundamental analysis module provides a way to measure Nok Airlines' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Nok Airlines stock.
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Nok Airlines PCL Company Net Asset Analysis
Nok Airlines' Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current Nok Airlines Net Asset | 12.25 B |
Most of Nok Airlines' fundamental indicators, such as Net Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Nok Airlines PCL is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
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Based on the recorded statements, Nok Airlines PCL has a Net Asset of 12.25 B. This is much higher than that of the sector and significantly higher than that of the Net Asset industry. The net asset for all Germany stocks is notably lower than that of the firm.
Nok Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Nok Airlines' direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Nok Airlines could also be used in its relative valuation, which is a method of valuing Nok Airlines by comparing valuation metrics of similar companies.Nok Airlines is currently under evaluation in net asset category among its peers.
Nok Fundamentals
| Current Valuation | 416.42 M | |||
| Price To Sales | 0.23 X | |||
| Revenue | 2.2 B | |||
| Gross Profit | (1.39 B) | |||
| EBITDA | 1.04 B | |||
| Net Income | (1.44 B) | |||
| Total Debt | 2.77 B | |||
| Cash Flow From Operations | (47.97 M) | |||
| Market Capitalization | 98.8 M | |||
| Total Asset | 12.25 B | |||
| Net Asset | 12.25 B |
About Nok Airlines Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Nok Airlines PCL's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nok Airlines using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nok Airlines PCL based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Nok Airlines
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nok Airlines position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nok Airlines will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Nok Airlines could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nok Airlines when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nok Airlines - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nok Airlines PCL to buy it.
The correlation of Nok Airlines is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nok Airlines moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nok Airlines PCL moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Nok Airlines can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Nok Stock Analysis
When running Nok Airlines' price analysis, check to measure Nok Airlines' 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 Nok Airlines is operating at the current time. Most of Nok Airlines' value examination focuses on studying past and present price action to predict the probability of Nok Airlines' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nok Airlines' price. Additionally, you may evaluate how the addition of Nok Airlines to your portfolios can decrease your overall portfolio volatility.