Is Elgi Rubber Company Limiteds 13 percent ROE Better Than Average - Simply Wall St
| ELGIRUBCO | 117.36 1.88 1.58% |
About 61% of Elgi Rubber's investor base is looking to short. The analysis of overall sentiment of trading Elgi Rubber stock suggests that many investors are alarmed at this time. The current market sentiment, together with Elgi Rubber's historical and current headlines, can help investors time the market. In addition, many technical investors use Elgi Rubber stock news signals to limit their universe of possible portfolio assets.
Elgi |
Is Elgi Rubber Company Limiteds 13 percent ROE Better Than Average Simply Wall St
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Elgi Rubber Fundamental Analysis
We analyze Elgi Rubber's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Elgi Rubber using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Elgi Rubber 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.
EBITDA
EBITDA Comparative Analysis
Elgi Rubber is currently under evaluation in ebitda category among its peers. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Elgi Rubber 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 Elgi Rubber stock to make a market-neutral strategy. Peer analysis of Elgi Rubber could also be used in its relative valuation, which is a method of valuing Elgi Rubber by comparing valuation metrics with similar companies.
Peers
Elgi Rubber Related Equities
| IOC | Indian Oil | 0.31 | ||||
| RELIANCE | Reliance Industries | 0.04 | ||||
| ONGC | Oil Natural | 0.79 | ||||
| LICI | Life Insurance | 1.56 |
Complementary Tools for Elgi Stock analysis
When running Elgi Rubber's price analysis, check to measure Elgi Rubber'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 Elgi Rubber is operating at the current time. Most of Elgi Rubber's value examination focuses on studying past and present price action to predict the probability of Elgi Rubber's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elgi Rubber's price. Additionally, you may evaluate how the addition of Elgi Rubber to your portfolios can decrease your overall portfolio volatility.
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