Undiscovered Gems In China To Watch October 2024 - Simply Wall St

603677 Stock   13.52  0.27  1.96%   
About 61% of Qijing Machinery's investor base is looking to short. The analysis of overall sentiment of trading Qijing Machinery stock suggests that many investors are alarmed at this time. The current market sentiment, together with Qijing Machinery's historical and current headlines, can help investors time the market. In addition, many technical investors use Qijing Machinery stock news signals to limit their universe of possible portfolio assets.
  
Undiscovered Gems In China To Watch October 2024 Simply Wall St

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Qijing Machinery Fundamental Analysis

We analyze Qijing Machinery's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Qijing Machinery using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Qijing Machinery 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

Qijing Machinery 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.

Qijing Machinery 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 Qijing Machinery stock to make a market-neutral strategy. Peer analysis of Qijing Machinery could also be used in its relative valuation, which is a method of valuing Qijing Machinery by comparing valuation metrics with similar companies.

Peers

Qijing Machinery Related Equities

601318Ping An   0.09   
4.0%
601166Industrial Bank   0.32   
14.0%
601328Bank of Communications   0.40   
18.0%
601939China Construction   0.82   
37.0%
601988Bank of China   0.95   
43.0%
601288Agricultural Bank   1.18   
54.0%
600036China Merchants   1.30   
59.0%
601658Postal Savings   1.45   
66.0%
601398Industrial   1.52   
70.0%
601998China Citic   2.17   
100.0%

Complementary Tools for Qijing Stock analysis

When running Qijing Machinery's price analysis, check to measure Qijing Machinery'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 Qijing Machinery is operating at the current time. Most of Qijing Machinery's value examination focuses on studying past and present price action to predict the probability of Qijing Machinery's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Qijing Machinery's price. Additionally, you may evaluate how the addition of Qijing Machinery to your portfolios can decrease your overall portfolio volatility.
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