Refex Industries Stock Sees 5.0 percent Increase, Recognized for Potential Turnaround by MarketsMOJO - MarketsMojo
| RITES Stock | 286.30 5.05 1.80% |
About 53% of RITES's investors are presently thinking to get in. The current sentiment regarding investing in RITES Limited stock implies that some traders are interested. RITES's investing sentiment overview a quick insight into current market opportunities from investing in RITES Limited. Many technical investors use RITES Limited stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
RITES |
Refex Industries Stock Sees 5.0 percent Increase, Recognized for Potential Turnaround by MarketsMOJO MarketsMojo
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RITES Fundamental Analysis
We analyze RITES's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of RITES using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of RITES 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.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
RITES is currently under evaluation in probability of bankruptcy category among its peers. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
RITES 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 RITES stock to make a market-neutral strategy. Peer analysis of RITES could also be used in its relative valuation, which is a method of valuing RITES by comparing valuation metrics with similar companies.
Peers
RITES Related Equities
| HISARMETAL | Hisar Metal | 3.33 | ||||
| UNIINFO | Uniinfo Telecom | 1.68 | ||||
| TATACOMM | Tata Communications | 1.01 | ||||
| IMFA | Indian Metals | 0.14 | ||||
| ABAN | Aban Offshore | 0.03 | ||||
| RIIL | Reliance Industrial | 0.22 | ||||
| RATNAMANI | Ratnamani Metals | 0.94 |
Other Information on Investing in RITES Stock
RITES financial ratios help investors to determine whether RITES 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 RITES with respect to the benefits of owning RITES security.