Investors Continue Waiting On Sidelines For Steel Authority of India Limited - Simply Wall St
| SAIL Stock | 117.59 1.47 1.23% |
Slightly above 62% of Steel Authority's investor base is looking to short. The current sentiment regarding investing in Steel Authority of stock implies that many traders are alarmed. Steel Authority's investing sentiment can be driven by a variety of factors including economic data, Steel Authority's earnings reports, geopolitical events, and overall market trends.
Steel Authority stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Steel daily returns and investor perception about the current price of Steel Authority of as well as its diversification or hedging effects on your existing portfolios.
Steel |
Investors Continue Waiting On Sidelines For Steel Authority of India Limited Simply Wall St
Read at news.google.com
 |
Steel Authority Fundamental Analysis
We analyze Steel Authority's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Steel Authority using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Steel Authority 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.
Return On Asset
Return On Asset Comparative Analysis
Steel Authority is rated fifth in return on asset category among its peers. Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Steel Authority 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 Steel Authority stock to make a market-neutral strategy. Peer analysis of Steel Authority could also be used in its relative valuation, which is a method of valuing Steel Authority by comparing valuation metrics with similar companies.
Peers
Steel Authority Related Equities
| GUJALKALI | Gujarat Alkalies | 2.19 | ||||
| NMDC | NMDC | 0.95 | ||||
| EMBASSY-RR | Embassy Office | 0.30 | ||||
| INDIAGLYCO | India Glycols | 0.87 | ||||
| GNFC | Gujarat Narmada | 1.20 | ||||
| SAIL | Steel Authority | 1.23 | ||||
| JTLIND | JTL Industries | 1.88 | ||||
| IMFA | Indian Metals | 3.44 |
Additional Tools for Steel Stock Analysis
When running Steel Authority's price analysis, check to measure Steel Authority'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 Steel Authority is operating at the current time. Most of Steel Authority's value examination focuses on studying past and present price action to predict the probability of Steel Authority's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Steel Authority's price. Additionally, you may evaluate how the addition of Steel Authority to your portfolios can decrease your overall portfolio volatility.