Why Investors Shouldnt Be Surprised By NOVAREX Co.,Ltd.s 31 percent Share Price Plunge - Simply Wall St
| 194700 Stock | KRW 7,520 50.00 0.67% |
About 54% of NOVAREX CoLtd's investor base is interested to short. The analysis of current outlook of investing in NOVAREX CoLtd suggests that many traders are impartial regarding NOVAREX CoLtd's prospects. The current market sentiment, together with NOVAREX CoLtd's historical and current headlines, can help investors time the market. In addition, many technical investors use NOVAREX CoLtd stock news signals to limit their universe of possible portfolio assets.
NOVAREX |
Why Investors Shouldnt Be Surprised By NOVAREX Co.,Ltd.s 31 percent Share Price Plunge Simply Wall St
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NOVAREX CoLtd Fundamental Analysis
We analyze NOVAREX CoLtd's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NOVAREX CoLtd using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NOVAREX CoLtd 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.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
NOVAREX CoLtd is currently under evaluation in probability of bankruptcy category among its peers. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
NOVAREX CoLtd 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 NOVAREX CoLtd stock to make a market-neutral strategy. Peer analysis of NOVAREX CoLtd could also be used in its relative valuation, which is a method of valuing NOVAREX CoLtd by comparing valuation metrics with similar companies.
Peers
NOVAREX CoLtd Related Equities
| 091580 | Sangsin Energy | 5.87 | ||||
| 111710 | Namhwa Industrial | 3.32 | ||||
| 020180 | Daishin Information | 2.43 | ||||
| 008250 | Eagon Industrial | 1.94 | ||||
| 048530 | INtRON Biotechnology | 1.43 | ||||
| 109860 | Dongil Metal | 0.12 | ||||
| 024110 | Industrial Bank | 0.21 |
Complementary Tools for NOVAREX Stock analysis
When running NOVAREX CoLtd's price analysis, check to measure NOVAREX CoLtd'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 NOVAREX CoLtd is operating at the current time. Most of NOVAREX CoLtd's value examination focuses on studying past and present price action to predict the probability of NOVAREX CoLtd's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NOVAREX CoLtd's price. Additionally, you may evaluate how the addition of NOVAREX CoLtd to your portfolios can decrease your overall portfolio volatility.
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