Market Participants Recognise Shengda Resources Co.,Ltd.s Earnings Pushing Shares 29 percent Higher - Simply Wall St

000603 Stock   12.10  0.34  2.73%   
About 62% of Shengda Mining's investor base is looking to short. The current sentiment regarding investing in Shengda Mining Co stock implies that many traders are alarmed. The current market sentiment, together with Shengda Mining's historical and current headlines, can help investors time the market. In addition, many technical investors use Shengda Mining stock news signals to limit their universe of possible portfolio assets.
  
Market Participants Recognise Shengda Resources Co.,Ltd.s Earnings Pushing Shares 29 percent Higher Simply Wall St

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Shengda Mining Fundamental Analysis

We analyze Shengda Mining's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Shengda Mining using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Shengda Mining 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.

Revenue

Revenue Comparative Analysis

Shengda Mining is currently under evaluation in revenue category among its peers. Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.

Shengda Mining Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Shengda Mining stock to make a market-neutral strategy. Peer analysis of Shengda Mining could also be used in its relative valuation, which is a method of valuing Shengda Mining by comparing valuation metrics with similar companies.

Peers

Shengda Mining Related Equities

600019Baoshan Iron   1.28   
0%
44.0%
000807Yunnan Aluminium   0.21   
0%
7.0%
600160Zhejiang Juhua   0.25   
8.0%
0%
601899Zijin Mining   0.70   
24.0%
0%
002493Rongsheng Petrochemical   0.76   
26.0%
0%
600547Shandong Gold   0.86   
30.0%
0%
600010Inner Mongolia   1.56   
54.0%
0%
600309Wanhua Chemical   2.11   
74.0%
0%
603260Hoshine Silicon   2.47   
86.0%
0%
002460Jiangxi Ganfeng   2.85   
100.0%
0%

Complementary Tools for Shengda Stock analysis

When running Shengda Mining's price analysis, check to measure Shengda Mining'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 Shengda Mining is operating at the current time. Most of Shengda Mining's value examination focuses on studying past and present price action to predict the probability of Shengda Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shengda Mining's price. Additionally, you may evaluate how the addition of Shengda Mining to your portfolios can decrease your overall portfolio volatility.
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