Why Capricorn Metals, Insignia, Sayona Mining, and Southern Cross Gold shares are falling today - MSN
| SXG Stock | 3.50 0.07 1.96% |
Slightly above 61% of Southern Cross' investor base is looking to short. The current sentiment regarding investing in Southern Cross Gold stock implies that many traders are alarmed. Southern Cross' investing sentiment can be driven by a variety of factors including economic data, Southern Cross' earnings reports, geopolitical events, and overall market trends.
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Why Capricorn Metals, Insignia, Sayona Mining, and Southern Cross Gold shares are falling today MSN
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Southern Cross Fundamental Analysis
We analyze Southern Cross' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Southern Cross using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Southern Cross 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.
Current Valuation
Current Valuation Comparative Analysis
Southern Cross is currently under evaluation in current valuation category among its peers. Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Southern Cross Gold 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 Southern Cross stock to make a market-neutral strategy. Peer analysis of Southern Cross could also be used in its relative valuation, which is a method of valuing Southern Cross by comparing valuation metrics with similar companies.
Peers
Southern Cross Related Equities
| DEG | De Grey | 1.69 | ||||
| NST | Northern Star | 1.36 | ||||
| EVN | Evolution Mining | 0.62 | ||||
| SFR | Sandfire Resources | 0.42 | ||||
| ATM | Aneka Tambang | 4.26 |
Additional Tools for Southern Stock Analysis
When running Southern Cross' price analysis, check to measure Southern Cross' 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 Southern Cross is operating at the current time. Most of Southern Cross' value examination focuses on studying past and present price action to predict the probability of Southern Cross' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Southern Cross' price. Additionally, you may evaluate how the addition of Southern Cross to your portfolios can decrease your overall portfolio volatility.