Sobute New Materials Co., Ltds Shares Not Telling The Full Story - Simply Wall St
| 603916 Stock | 8.59 0.09 1.06% |
About 53% of Sobute New's investors are presently thinking to get in. The analysis of overall sentiment of trading Sobute New Materials stock suggests that some investors are interested at this time. The current market sentiment, together with Sobute New's historical and current headlines, can help investors time the market. In addition, many technical investors use Sobute New Materials stock news signals to limit their universe of possible portfolio assets.
Sobute |
Sobute New Materials Co., Ltds Shares Not Telling The Full Story Simply Wall St
Read at news.google.com
 |
Sobute New Fundamental Analysis
We analyze Sobute New's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Sobute New using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Sobute New 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
Sobute New 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.
Sobute New Materials 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 Sobute New stock to make a market-neutral strategy. Peer analysis of Sobute New could also be used in its relative valuation, which is a method of valuing Sobute New by comparing valuation metrics with similar companies.
Peers
Sobute New Related Equities
| 000688 | Guocheng Mining | 4.58 | ||||
| 000913 | Zhejiang Qianjiang | 1.17 | ||||
| 600390 | Minmetals Capital | 0.83 | ||||
| 600982 | Ningbo Thermal | 0.48 | ||||
| 000758 | China Nonferrous | 0.19 | ||||
| 002893 | Beijing HuaYuanYiTong | 0.33 | ||||
| 601388 | Ye Chiu | 0.33 | ||||
| 603011 | Hefei Metalforming | 1.31 |
Complementary Tools for Sobute Stock analysis
When running Sobute New's price analysis, check to measure Sobute New'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 Sobute New is operating at the current time. Most of Sobute New's value examination focuses on studying past and present price action to predict the probability of Sobute New's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sobute New's price. Additionally, you may evaluate how the addition of Sobute New to your portfolios can decrease your overall portfolio volatility.
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Stocks Directory Find actively traded stocks across global markets | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio |