3 Reasons to Sell AIT and 1 Stock to Buy Instead
| AIT Stock | USD 245.03 6.42 2.69% |
Slightly above 55% of Applied Industrial's private investors are presently thinking to get in. The analysis of overall sentiment of trading Applied Industrial Technologies stock suggests that some investors are interested at this time. Applied Industrial's investing sentiment can be driven by a variety of factors including economic data, Applied Industrial's earnings reports, geopolitical events, and overall market trends.
Applied |
Applied Industrial currently trades at 243 and has been a dream stock for shareholders. Its returned 264 percent since December 2019, more than tripling the SP 500s 85.4 percent gain. The company has also beaten the index over the past six months as its stock price is up 27.5.
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Applied Industrial Fundamental Analysis
We analyze Applied Industrial's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Applied Industrial using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Applied Industrial 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 Ratio
Current Ratio Comparative Analysis
Applied Industrial is currently under evaluation in current ratio category among its peers. Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Applied Industrial 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 Applied Industrial stock to make a market-neutral strategy. Peer analysis of Applied Industrial could also be used in its relative valuation, which is a method of valuing Applied Industrial by comparing valuation metrics with similar companies.
Peers
Applied Industrial Related Equities
| MSM | MSC Industrial | 4.28 | ||||
| DSGR | Distribution Solutions | 2.67 | ||||
| DXPE | DXP Enterprises | 1.55 | ||||
| CNM | Core Main | 1.48 | ||||
| WSO | Watsco | 1.48 | ||||
| BXC | BlueLinx Holdings | 1.18 | ||||
| GWW | WW Grainger | 1.18 | ||||
| SITE | SiteOne Landscape | 1.00 | ||||
| GIC | Global Industrial | 0.83 | ||||
| FAST | Fastenal | 0.82 | ||||
| FERG | Ferguson Plc | 0.51 |
Additional Tools for Applied Stock Analysis
When running Applied Industrial's price analysis, check to measure Applied Industrial'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 Applied Industrial is operating at the current time. Most of Applied Industrial's value examination focuses on studying past and present price action to predict the probability of Applied Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Applied Industrial's price. Additionally, you may evaluate how the addition of Applied Industrial to your portfolios can decrease your overall portfolio volatility.