Yantai Jereh Oilfield Services Group Full Year 2023 Earnings Beats Expectations - Simply Wall St
| 002353 Stock | 37.43 1.68 4.70% |
About 55% of Yantai Jereh's investors are presently thinking to get in. The analysis of overall sentiment of trading Yantai Jereh Oilfield stock suggests that some investors are interested at this time. The current market sentiment, together with Yantai Jereh's historical and current headlines, can help investors time the market. In addition, many technical investors use Yantai Jereh Oilfield stock news signals to limit their universe of possible portfolio assets.
Yantai |
Yantai Jereh Oilfield Services Group Full Year 2023 Earnings Beats Expectations Simply Wall St
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Yantai Jereh Fundamental Analysis
We analyze Yantai Jereh's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Yantai Jereh using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Yantai Jereh 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
Yantai Jereh 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.
Yantai Jereh Oilfield 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 Yantai Jereh stock to make a market-neutral strategy. Peer analysis of Yantai Jereh could also be used in its relative valuation, which is a method of valuing Yantai Jereh by comparing valuation metrics with similar companies.
Peers
Yantai Jereh Related Equities
| 000909 | Soyea Technology | 2.99 | ||||
| 603920 | Olympic Circuit | 1.70 | ||||
| 300777 | Sinofibers Technology | 0.48 | ||||
| 601318 | Ping An | 0.34 | ||||
| 688050 | Eyebright Medical | 1.24 |
Complementary Tools for Yantai Stock analysis
When running Yantai Jereh's price analysis, check to measure Yantai Jereh'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 Yantai Jereh is operating at the current time. Most of Yantai Jereh's value examination focuses on studying past and present price action to predict the probability of Yantai Jereh's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Yantai Jereh's price. Additionally, you may evaluate how the addition of Yantai Jereh to your portfolios can decrease your overall portfolio volatility.
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