When Should You Buy COFCO Joycome Foods Limited - Simply Wall St
| 0M7 Stock | EUR 0.16 0.01 5.88% |
Roughly 62% of COFCO Joycome's investor base is looking to short. The analysis of current outlook of investing in COFCO Joycome Foods suggests that many traders are alarmed regarding COFCO Joycome's prospects. The current market sentiment, together with COFCO Joycome's historical and current headlines, can help investors time the market. In addition, many technical investors use COFCO Joycome Foods stock news signals to limit their universe of possible portfolio assets.
COFCO Joycome stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of COFCO daily returns and investor perception about the current price of COFCO Joycome Foods as well as its diversification or hedging effects on your existing portfolios.
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When Should You Buy COFCO Joycome Foods Limited Simply Wall St
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COFCO Joycome Fundamental Analysis
We analyze COFCO Joycome's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of COFCO Joycome using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of COFCO Joycome 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
COFCO Joycome 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.
COFCO Joycome Foods 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 COFCO Joycome stock to make a market-neutral strategy. Peer analysis of COFCO Joycome could also be used in its relative valuation, which is a method of valuing COFCO Joycome by comparing valuation metrics with similar companies.
Peers
COFCO Joycome Related Equities
| NESM | Nestl SA | 0.98 | ||||
| GRM | General Mills | 0.17 | ||||
| KEL | Kellogg | 0.42 | ||||
| KHNZ | Kraft Heinz | 0.56 |
Complementary Tools for COFCO Stock analysis
When running COFCO Joycome's price analysis, check to measure COFCO Joycome'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 COFCO Joycome is operating at the current time. Most of COFCO Joycome's value examination focuses on studying past and present price action to predict the probability of COFCO Joycome's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move COFCO Joycome's price. Additionally, you may evaluate how the addition of COFCO Joycome to your portfolios can decrease your overall portfolio volatility.
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