Deep Yellow Limiteds recent 16 percent pullback adds to one-year year losses, institutional owners may take drastic measures - Simply Wall St
| ASX Stock | 65.59 1.29 2.01% |
Slightly above 55% of ASX's private investors are presently thinking to get in. The analysis of the overall investor sentiment regarding ASX suggests that some traders are interested. ASX's investing sentiment can be driven by a variety of factors including economic data, ASX's earnings reports, geopolitical events, and overall market trends.
ASX |
Deep Yellow Limiteds recent 16 percent pullback adds to one-year year losses, institutional owners may take drastic measures Simply Wall St
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ASX Fundamental Analysis
We analyze ASX's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ASX using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ASX 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.
Beta
Beta Comparative Analysis
ASX is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
ASX 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 ASX stock to make a market-neutral strategy. Peer analysis of ASX could also be used in its relative valuation, which is a method of valuing ASX by comparing valuation metrics with similar companies.
Peers
ASX Related Equities
| CBA | Commonwealth Bank | 2.94 | ||||
| ANZ | Australia | 2.36 | ||||
| AN3PI | ANZ Group | 0.13 | ||||
| AN3PJ | ANZ Group | 0.07 | ||||
| ATM | Aneka Tambang | 0.00 | ||||
| CBAPG | Commonwealth Bank | 0.21 | ||||
| CBAPM | Commonwealth Bank | 0.30 | ||||
| CBAPJ | Commonwealth Bank | 0.34 |
Additional Tools for ASX Stock Analysis
When running ASX's price analysis, check to measure ASX'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 ASX is operating at the current time. Most of ASX's value examination focuses on studying past and present price action to predict the probability of ASX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ASX's price. Additionally, you may evaluate how the addition of ASX to your portfolios can decrease your overall portfolio volatility.