Romsdal Sparebank (Norway) Today
ROMSB Stock | NOK 109.60 0.40 0.36% |
Performance0 of 100
| Odds Of DistressLess than 9
|
Romsdal Sparebank is selling at 109.60 as of the 29th of April 2024; that is -0.36 percent down since the beginning of the trading day. The stock's open price was 110.0. Romsdal Sparebank 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 Romsdal Sparebank are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of November 2023 and ending today, the 29th of April 2024. Click here to learn more.
Romsdal Sparebank operates as a savings bank that provides various financial products and services to retail and corporate customers primarily in Romsdal and southern parts of Nordmre. The company was incorporated in 1971 and is based in Elnesvgen, Norway with branch offices in Bud, Eidsvg, Farstad, and Molde, Norway. The company has 1.96 M outstanding shares. More on Romsdal Sparebank
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Romsdal 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. Romsdal Sparebank's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Romsdal Sparebank or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Thematic Idea | Banks (View all Themes) |
Business Concentration | Banks, Financial Conglomerates, Financial Services (View all Sectors) |
Romsdal Sparebank (ROMSB) is traded on Oslo Stock Exchange in Norway and employs 44 people. The company currently falls under 'Small-Cap' category with a current market capitalization of 259.34 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Romsdal Sparebank's market, we take the total number of its shares issued and multiply it by Romsdal Sparebank'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. Romsdal Sparebank operates under Financial Services sector and is part of Financial Conglomerates industry. The entity has 1.96 M outstanding shares.
Romsdal Sparebank has accumulated about 764.99 M in cash with 219.78 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 389.37.
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Ownership AllocationThe market capitalization of Romsdal Sparebank is 259.34 Million. Romsdal Sparebank has 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 take into account that even companies with profitable outlook can generate negative future returns on their equity. If the true value of the company is less than the current market value, you may not be able generate positive returns on investment in the long run.
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Romsdal Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Romsdal Sparebank jumping above the current price in 90 days from now is about 60.39%. The Romsdal Sparebank probability density function shows the probability of Romsdal Sparebank stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Romsdal Sparebank has a beta of -0.1834 indicating as returns on the benchmark increase, returns on holding Romsdal Sparebank are expected to decrease at a much lower rate. During a bear market, however, Romsdal Sparebank is likely to outperform the market. Additionally, romsdal Sparebank has an alpha of 0.0478, implying that it can generate a 0.0478 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Romsdal Sparebank to move above the current price in 90 days from now is about 60.39 (This Romsdal Sparebank probability density function shows the probability of Romsdal Stock to fall within a particular range of prices over 90 days) .
Romsdal Sparebank Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Romsdal Sparebank market risk premium is the additional return an investor will receive from holding Romsdal Sparebank 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 Romsdal Sparebank. 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 Romsdal Sparebank's alpha and beta are two of the key measurements used to evaluate Romsdal Sparebank's performance over the market, the standard measures of volatility play an important role as well.
Mean Deviation | 1.01 | |||
Semi Deviation | 1.38 | |||
Standard Deviation | 2.0 | |||
Variance | 4.0 |
Romsdal Stock Against Markets
Picking the right benchmark for Romsdal Sparebank 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 Romsdal Sparebank 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 Romsdal Sparebank is critical whether you are bullish or bearish towards Romsdal Sparebank at a given time. Please also check how Romsdal Sparebank'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 Romsdal Sparebank 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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Romsdal Sparebank Corporate Management
Elected by the shareholders, the Romsdal Sparebank's board of directors comprises two types of representatives: Romsdal Sparebank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Romsdal. The board's role is to monitor Romsdal Sparebank's management team and ensure that shareholders' interests are well served. Romsdal Sparebank'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, Romsdal Sparebank's outside directors are responsible for providing unbiased perspectives on the board's policies.
Kristin Henoen | Ma Compliance | Profile | |
JanBorge Silseth | Assistant Mang | Profile | |
Ann Dyvik | Marketing Mang | Profile | |
Erik Skjorsaether | Head Insurance | Profile | |
Odd Sorgaard | G Mang | Profile | |
Monica Gammelster | Accounting Mang | Profile | |
Oddrun Waagen | Head Insurance | Profile |
How to buy Romsdal Stock?
Before investing in Romsdal Sparebank, 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 Romsdal Sparebank. To buy Romsdal Sparebank stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Romsdal Sparebank. 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 Romsdal Sparebank stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Romsdal Sparebank 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 Romsdal Sparebank 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 Romsdal Sparebank, 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.
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The danger of trading Romsdal Sparebank 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 Romsdal Sparebank 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 Romsdal Sparebank. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Romsdal Sparebank 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Romsdal Sparebank. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the Romsdal Sparebank information on this page should be used as a complementary analysis to other Romsdal Sparebank'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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Complementary Tools for Romsdal Stock analysis
When running Romsdal Sparebank's price analysis, check to measure Romsdal Sparebank'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 Romsdal Sparebank is operating at the current time. Most of Romsdal Sparebank's value examination focuses on studying past and present price action to predict the probability of Romsdal Sparebank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Romsdal Sparebank's price. Additionally, you may evaluate how the addition of Romsdal Sparebank to your portfolios can decrease your overall portfolio volatility.
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