Global Ventilator Market Size To Worth USD 7.10 Billion By 2032 CAGR of 6.4 percent - Yahoo Finance
| ETE Stock | THB 0.89 0.03 3.26% |
About 62% of Eastern Technical's investor base is looking to short. The analysis of current outlook of investing in Eastern Technical Engineering suggests that many traders are alarmed regarding Eastern Technical's prospects. Eastern Technical's investing sentiment shows overall attitude of investors towards Eastern Technical Engineering.
Eastern |
Global Ventilator Market Size To Worth USD 7.10 Billion By 2032 CAGR of 6.4 Yahoo Finance
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Eastern Technical Fundamental Analysis
We analyze Eastern Technical's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Eastern Technical using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Eastern Technical 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
Eastern Technical 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.
Eastern Technical 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 Eastern Technical stock to make a market-neutral strategy. Peer analysis of Eastern Technical could also be used in its relative valuation, which is a method of valuing Eastern Technical by comparing valuation metrics with similar companies.
Peers
Eastern Technical Related Equities
| HYDRO | Hydrotek Public | 6.25 | ||||
| FPI | Fortune Parts | 1.04 | ||||
| AMA | Ama Marine | 0.96 | ||||
| HARN | Harn Engineering | 0.95 | ||||
| GCAP | G Capital | 5.56 |
Other Information on Investing in Eastern Stock
Eastern Technical financial ratios help investors to determine whether Eastern Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Eastern with respect to the benefits of owning Eastern Technical security.