Methodology

How we score

Every score on Handelsavisen is computed, attributed and explainable. This page is linked from each badge. Scores rank and contextualise — they are never investment advice.

Composite score

0–100

Valuation P/E, EV/EBITDA and dividend yield vs the company's L2 sub-sector cohort 30 %

Profitability Margin level and trend from the last eight quarterly filings 25 %

Sentiment Attributed analyst recommendations and 12-month target dispersion 25 %

Risk Leverage, earnings volatility and the firm-level GPR exposure 20 %

Scored within cohort, not across the whole market — a 78 in Energy means top-quartile among energy issuers. Recomputed on every new filing, recommendation or material change. Handelsavisen reports facts and what the market says; the composite is a ranking aid, never a buy/sell verdict.

Firm GPR exposure

0–100

Revenue geography Share of revenue earned in or routed through elevated-risk country pairs 40 %

Supply chain Input dependencies on chokepoints and licence-controlled materials 30 %

Event sensitivity Historical price beta to geopolitical event clusters 30 %

Built on the same 17-pair stability board used by the Geopolitics desk. A high score means exposure, not prediction.

Country-pair stability score

0–100 + regime

Event flow Frequency and severity of typed events over trailing 90 days 45 %

Direction Trend of the trailing 30-day window vs the prior 60 25 %

Structural Alliances, sanctions regimes, trade dependency 30 %

The regime label (Stable / Uncertain / Frozen conflict …) is assigned from score bands plus direction. Δ-prob is the model's 30-day regime-change probability.

Inputs: filings · IR · transcripts · market data · attributed analyst research. Weights reviewed quarterly by the methodology board.