Elkem ASA (Norway) Today
| ELK Stock | NOK 19.92 0.51 2.63% |
Performance0 of 100
| Odds Of DistressLess than 9
|
Elkem ASA is selling for 19.92 as of the 27th of April 2024. This is a 2.63 percent up since the beginning of the trading day. The stock's lowest day price was 19.53. Elkem ASA has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Elkem ASA are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of March 2024 and ending today, the 27th of April 2024. Click here to learn more.
Elkem ASA manufactures and sells metals and materials in Norway and internationally. Elkem ASA is a subsidiary of Bluestar Elkem International Co., Ltd. ELKEM ASA operates under Specialty Chemicals classification in Norway and is traded on Oslo Stock Exchange. The company has 635.52 M outstanding shares. More on Elkem ASA
Follow Valuation Odds of Bankruptcy
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Elkem 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. Elkem ASA's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Elkem ASA or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman of the Board | Michael Koenig |
| Business Concentration | Materials, Chemicals, Specialty Chemicals, Basic Materials (View all Sectors) |
Elkem ASA (ELK) is traded on Oslo Stock Exchange in Norway and employs 7,300 people. The company currently falls under 'Large-Cap' category with a current market capitalization of 24.28 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Elkem ASA's market, we take the total number of its shares issued and multiply it by Elkem ASA'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. Elkem ASA operates under Chemicals sector and is part of Materials industry. The entity has 635.52 M outstanding shares.
Elkem ASA has accumulated about 9.26 B in cash with 9.31 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 9.23.
Check Elkem ASA Probability Of Bankruptcy
Ownership AllocationElkem ASA holds a total of 635.52 Million outstanding shares. Elkem ASA retains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Elkem Ownership Details
Elkem Stock Price Odds Analysis
Proceeding from a normal probability distribution, the odds of Elkem ASA jumping above the current price in 90 days from now is about 86.74%. The Elkem ASA probability density function shows the probability of Elkem ASA stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Elkem ASA has a beta of 0.0705 suggesting as returns on the market go up, Elkem ASA average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Elkem ASA will be expected to be much smaller as well. Additionally, elkem ASA 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 Elkem ASA to move above the current price in 90 days from now is about 86.74 (This Elkem ASA probability density function shows the probability of Elkem Stock to fall within a particular range of prices over 90 days) .
Elkem ASA Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Elkem ASA market risk premium is the additional return an investor will receive from holding Elkem ASA 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 Elkem ASA. 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 Elkem ASA's alpha and beta are two of the key measurements used to evaluate Elkem ASA's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.55 | |||
| Standard Deviation | 2.13 | |||
| Variance | 4.54 | |||
| Risk Adjusted Performance | (0.03) |
Elkem Stock Against Markets
Picking the right benchmark for Elkem ASA 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 Elkem ASA 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 Elkem ASA is critical whether you are bullish or bearish towards Elkem ASA at a given time. Please also check how Elkem ASA's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Elkem ASA 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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Elkem ASA Corporate Directors
Elkem ASA corporate directors refer to members of an Elkem ASA board of directors. The board of directors generally takes responsibility for the Elkem ASA's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Elkem ASA's board members must vote for the resolution. The Elkem ASA board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Caroline SainteMarie | Director | Profile | |
| Yougen Ge | Director | Profile | |
| Zhigang Hao | Director | Profile | |
| Marianne Johnsen | Director | Profile |
How to buy Elkem Stock?
Before investing in Elkem ASA, 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 Elkem ASA. To buy Elkem ASA stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Elkem ASA. 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 Elkem ASA stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Elkem ASA 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 Elkem ASA 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 Elkem ASA, 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 Elkem ASA?
The danger of trading Elkem ASA 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 Elkem ASA 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 Elkem ASA. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Elkem ASA 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in 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. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for Elkem Stock analysis
When running Elkem ASA's price analysis, check to measure Elkem 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 Elkem ASA is operating at the current time. Most of Elkem ASA's value examination focuses on studying past and present price action to predict the probability of Elkem 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 Elkem ASA's price. Additionally, you may evaluate how the addition of Elkem ASA to your portfolios can decrease your overall portfolio volatility.
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