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| CBA Stock | 158.21 0.69 0.44% |
Slightly above 53% of Commonwealth Bank's investor base is interested to short. The analysis of overall sentiment of trading Commonwealth Bank stock suggests that many investors are impartial at this time. Commonwealth Bank's investing sentiment can be driven by a variety of factors including economic data, Commonwealth Bank's earnings reports, geopolitical events, and overall market trends.
Commonwealth |
Forget CBA and buy these ASX dividend stocks The Motley Fool Australia
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Commonwealth Bank Fundamental Analysis
We analyze Commonwealth Bank's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Commonwealth Bank using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Commonwealth Bank 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
Commonwealth Bank 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.
Commonwealth Bank 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 Commonwealth Bank stock to make a market-neutral strategy. Peer analysis of Commonwealth Bank could also be used in its relative valuation, which is a method of valuing Commonwealth Bank by comparing valuation metrics with similar companies.
Peers
Commonwealth Bank Related Equities
| SWM | Seven West | 7.14 | ||||
| RTH | Ras Technology | 2.27 | ||||
| MAQ | Macquarie Technology | 1.85 | ||||
| ST1 | Spirit Telecom | 1.67 | ||||
| CKF | Collins Foods | 0.26 | ||||
| A1N | ARN Media | 2.67 | ||||
| FRM | Farm Pride | 7.69 |
Additional Tools for Commonwealth Stock Analysis
When running Commonwealth Bank's price analysis, check to measure Commonwealth Bank'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 Commonwealth Bank is operating at the current time. Most of Commonwealth Bank's value examination focuses on studying past and present price action to predict the probability of Commonwealth Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Commonwealth Bank's price. Additionally, you may evaluate how the addition of Commonwealth Bank to your portfolios can decrease your overall portfolio volatility.