CITIC Offshore Helicopter Full Year 2023 Earnings Beats Expectations - Simply Wall St
000099 Stock | 24.43 0.94 4.00% |
About 55% of Citic Offshore's investors are presently thinking to get in. The analysis of overall sentiment of trading Citic Offshore Helicopter stock suggests that some investors are interested at this time. The current market sentiment, together with Citic Offshore's historical and current headlines, can help investors time the market. In addition, many technical investors use Citic Offshore Helicopter stock news signals to limit their universe of possible portfolio assets.
Citic |
CITIC Offshore Helicopter Full Year 2023 Earnings Beats Expectations Simply Wall St
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Citic Offshore Fundamental Analysis
We analyze Citic Offshore's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Citic Offshore using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Citic Offshore 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
Citic Offshore 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.
Citic Offshore Helicopter 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 Citic Offshore stock to make a market-neutral strategy. Peer analysis of Citic Offshore could also be used in its relative valuation, which is a method of valuing Citic Offshore by comparing valuation metrics with similar companies.
Peers
Citic Offshore Related Equities
002124 | Ningbo Tech | 5.15 | ||||
000938 | Unisplendour Corp | 3.24 | ||||
002966 | Bank of Suzhou | 0.87 | ||||
601166 | Industrial Bank | 0.40 | ||||
600015 | Hua Xia | 0.26 | ||||
002152 | GRG Banking | 0.27 | ||||
002534 | Xizi Clean | 0.46 | ||||
603355 | Kingclean Electric | 2.08 |
Complementary Tools for Citic Stock analysis
When running Citic Offshore's price analysis, check to measure Citic Offshore'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 Citic Offshore is operating at the current time. Most of Citic Offshore's value examination focuses on studying past and present price action to predict the probability of Citic Offshore's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Citic Offshore's price. Additionally, you may evaluate how the addition of Citic Offshore to your portfolios can decrease your overall portfolio volatility.
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