BUZZ-Australias BlueScope Steel falls on slash in price target ... - London South East
| BSL Stock | 20.15 0.15 0.75% |
Slightly above 52% of Bluescope Steel's investor base is interested to short. The current sentiment regarding investing in Bluescope Steel stock implies that many traders are impartial. Bluescope Steel's investing sentiment can be driven by a variety of factors including economic data, Bluescope Steel's earnings reports, geopolitical events, and overall market trends.
Bluescope |
BUZZ-Australias BlueScope Steel falls on slash in price target ... London South East
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Bluescope Steel Fundamental Analysis
We analyze Bluescope Steel's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Bluescope Steel using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Bluescope Steel 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
Bluescope Steel is rated third 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.
Bluescope Steel 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 Bluescope Steel stock to make a market-neutral strategy. Peer analysis of Bluescope Steel could also be used in its relative valuation, which is a method of valuing Bluescope Steel by comparing valuation metrics with similar companies.
Peers
Bluescope Steel Related Equities
| BSL | Bluescope Steel | 0.75 | ||||
| PRU | Perseus Mining | 0.75 | ||||
| ATM | Aneka Tambang | 0.00 | ||||
| NST | Northern Star | 0.12 | ||||
| SFR | Sandfire Resources | 0.21 | ||||
| DEG | De Grey | 1.60 |
Additional Tools for Bluescope Stock Analysis
When running Bluescope Steel's price analysis, check to measure Bluescope Steel'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 Bluescope Steel is operating at the current time. Most of Bluescope Steel's value examination focuses on studying past and present price action to predict the probability of Bluescope Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bluescope Steel's price. Additionally, you may evaluate how the addition of Bluescope Steel to your portfolios can decrease your overall portfolio volatility.