Aban Offshore Third Quarter 2024 Earnings 56.00 loss per share - Simply Wall St
| ABAN Stock | 64.77 0.61 0.95% |
Slightly above 52% of Aban Offshore's investor base is interested to short. The analysis of overall sentiment of trading Aban Offshore Limited stock suggests that many investors are impartial at this time. Aban Offshore's investing sentiment can be driven by a variety of factors including economic data, Aban Offshore's earnings reports, geopolitical events, and overall market trends.
Aban Offshore stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Aban daily returns and investor perception about the current price of Aban Offshore Limited as well as its diversification or hedging effects on your existing portfolios.
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Aban Offshore Third Quarter 2024 Earnings 56.00 loss per share Simply Wall St
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Aban Offshore Fundamental Analysis
We analyze Aban Offshore's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Aban Offshore using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Aban Offshore 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
Aban Offshore 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.
Aban Offshore Limited 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 Aban Offshore stock to make a market-neutral strategy. Peer analysis of Aban Offshore could also be used in its relative valuation, which is a method of valuing Aban Offshore by comparing valuation metrics with similar companies.
Peers
Aban Offshore Related Equities
| KINGFA | Kingfa Science | 4.55 | ||||
| GATECHDVR | GACM Technologies | 4.40 | ||||
| PARAGMILK | Parag Milk | 1.10 | ||||
| COSMOFIRST | COSMO FIRST | 0.57 | ||||
| DELTAMAGNT | Delta Manufacturing | 0.30 | ||||
| TBZ | Tribhovandas Bhimji | 0.19 | ||||
| EDELWEISS | Edelweiss Financial | 0.69 | ||||
| RICOAUTO | Rico Auto | 0.70 | ||||
| GUJRAFFIA | Gujarat Raffia | 1.50 | ||||
| DIGJAMLMTD | Digjam | 3.45 |
Additional Tools for Aban Stock Analysis
When running Aban Offshore's price analysis, check to measure Aban Offshore'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 Aban Offshore is operating at the current time. Most of Aban Offshore's value examination focuses on studying past and present price action to predict the probability of Aban Offshore's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aban Offshore's price. Additionally, you may evaluate how the addition of Aban Offshore to your portfolios can decrease your overall portfolio volatility.