Bulten appoints Axel Berntsson as new CEO - Marketscreener.com
| ABSO Stock | SEK 244.00 5.00 2.01% |
Slightly above 62% of Absolent Group's investor base is looking to short. The analysis of current outlook of investing in Absolent Group AB suggests that many traders are alarmed regarding Absolent Group's prospects. Absolent Group's investing sentiment can be driven by a variety of factors including economic data, Absolent Group's earnings reports, geopolitical events, and overall market trends.
Absolent |
Bulten appoints Axel Berntsson as new CEO Marketscreener.com
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Absolent Group Fundamental Analysis
We analyze Absolent Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Absolent Group using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Absolent Group 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
Absolent Group 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.
Absolent Group AB 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 Absolent Group stock to make a market-neutral strategy. Peer analysis of Absolent Group could also be used in its relative valuation, which is a method of valuing Absolent Group by comparing valuation metrics with similar companies.
Peers
Absolent Group Related Equities
| ADDT-B | Addtech AB | 1.10 | ||||
| TROAX | Troax Group | 0.43 | ||||
| BEIJ-B | Beijer Ref | 0.35 | ||||
| AQ | AQ Group | 0.33 | ||||
| BUFAB | Bufab Holding | 0.31 |
Additional Tools for Absolent Stock Analysis
When running Absolent Group's price analysis, check to measure Absolent Group'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 Absolent Group is operating at the current time. Most of Absolent Group's value examination focuses on studying past and present price action to predict the probability of Absolent Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Absolent Group's price. Additionally, you may evaluate how the addition of Absolent Group to your portfolios can decrease your overall portfolio volatility.