Storebrand ASA Return On Equity vs. Return On Asset
| STB Stock | NOK 111.40 0.50 0.45% |
For Storebrand ASA profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Storebrand ASA to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Storebrand ASA utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Storebrand ASA's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Storebrand ASA over time as well as its relative position and ranking within its peers.
Storebrand |
Storebrand ASA Return On Asset vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Storebrand ASA's current stock value. Our valuation model uses many indicators to compare Storebrand ASA value to that of its competitors to determine the firm's financial worth. Storebrand ASA is rated fifth in return on equity category among related companies. It is rated below average in return on asset category among related companies reporting about 0.04 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Storebrand ASA is roughly 22.57 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Storebrand ASA by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Storebrand ASA's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Storebrand ASA's earnings, one of the primary drivers of an investment's value.Storebrand Return On Asset vs. Return On Equity
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Storebrand ASA |
| = | 0.0632 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Storebrand ASA |
| = | 0.0028 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Storebrand Return On Asset Comparison
Storebrand ASA is currently under evaluation in return on asset category among related companies.
Storebrand ASA Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Storebrand ASA, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Storebrand ASA will eventually generate negative long term returns. The profitability progress is the general direction of Storebrand ASA's change in net profit over the period of time. It can combine multiple indicators of Storebrand ASA, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Storebrand ASA, through its subsidiaries, primarily provides insurance products and services for private individuals, companies, municipalities, and public sector in Norway and Sweden. Storebrand ASA was founded in 1767 and is headquartered in Lysaker, Norway. STOREBRAND ASA operates under Insurance - General classification in Norway and is traded on Oslo Stock Exchange. It employs 1789 people.
Storebrand Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Storebrand ASA. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Storebrand ASA position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Storebrand ASA's important profitability drivers and their relationship over time.
Use Storebrand ASA in pair-trading
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 Storebrand ASA 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 Storebrand ASA will appreciate offsetting losses from the drop in the long position's value.Storebrand ASA Pair Trading
Storebrand ASA Pair Trading Analysis
The ability to find closely correlated positions to Storebrand ASA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Storebrand ASA 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 Storebrand ASA - 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 Storebrand ASA to buy it.
The correlation of Storebrand ASA 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 Storebrand ASA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Storebrand ASA 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 Storebrand ASA 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.Use Investing Themes to Complement your Storebrand ASA position
In addition to having Storebrand 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.Did You Try This Idea?
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Daily selected watch list of stocks of large companies handpicked by Macroaxis Team based on their diversification potential. The Macroaxis Picks theme has 50 constituents at this time.
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Check out World Market Map. Note that the Storebrand ASA information on this page should be used as a complementary analysis to other Storebrand ASA'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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for Storebrand Stock analysis
When running Storebrand ASA's price analysis, check to measure Storebrand ASA'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 Storebrand ASA is operating at the current time. Most of Storebrand ASA's value examination focuses on studying past and present price action to predict the probability of Storebrand ASA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Storebrand ASA's price. Additionally, you may evaluate how the addition of Storebrand ASA to your portfolios can decrease your overall portfolio volatility.
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To fully project Storebrand ASA's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Storebrand ASA at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Storebrand ASA's income statement, its balance sheet, and the statement of cash flows.