88 ENERGY LTD Trade Ideas DUSPOQ TradingView - TradingView
| EEENF Stock | USD 0 0.0001 9.09% |
Roughly 57% of all 88 Energy's stockholders are looking to take a long position. The analysis of overall sentiment of trading 88 Energy Limited pink sheet suggests that some investors are interested at this time. The current market sentiment, together with 88 Energy's historical and current headlines, can help investors time the market. In addition, many technical investors use 88 Energy Limited stock news signals to limit their universe of possible portfolio assets.
88 Energy pink sheet news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of EEENF daily returns and investor perception about the current price of 88 Energy Limited as well as its diversification or hedging effects on your existing portfolios.
EEENF |
88 ENERGY LTD Trade Ideas DUSPOQ TradingView TradingView
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88 Energy Fundamental Analysis
We analyze 88 Energy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of 88 Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of 88 Energy 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
88 Energy 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.
88 Energy Limited 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 88 Energy pink sheet to make a market-neutral strategy. Peer analysis of 88 Energy could also be used in its relative valuation, which is a method of valuing 88 Energy by comparing valuation metrics with similar companies.
Peers
88 Energy Related Equities
| DVN | Devon Energy | 0.00 |
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| COP | ConocoPhillips | 0.00 |
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| EOG | EOG Resources | 1.70 |
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| CTRA | Coterra Energy | 2.37 |
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| FANG | Diamondback Energy | 2.74 |
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| PR | Permian Resources | 3.61 |
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Complementary Tools for EEENF Pink Sheet analysis
When running 88 Energy's price analysis, check to measure 88 Energy'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 88 Energy is operating at the current time. Most of 88 Energy's value examination focuses on studying past and present price action to predict the probability of 88 Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 88 Energy's price. Additionally, you may evaluate how the addition of 88 Energy to your portfolios can decrease your overall portfolio volatility.
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