Why Apollo Tyres Limited Could Be Worth Watching - Simply Wall St
| APOLLOTYRE | 500.75 11.20 2.19% |
Slightly above 61% of Apollo Tyres' investor base is looking to short. The analysis of overall sentiment of trading Apollo Tyres Limited stock suggests that many investors are alarmed at this time. Apollo Tyres' investing sentiment can be driven by a variety of factors including economic data, Apollo Tyres' earnings reports, geopolitical events, and overall market trends.
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Why Apollo Tyres Limited Could Be Worth Watching Simply Wall St
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Apollo Tyres Fundamental Analysis
We analyze Apollo Tyres' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Apollo Tyres using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Apollo Tyres 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.
Working Capital
Working Capital Comparative Analysis
Apollo Tyres is currently under evaluation in working capital category among its peers. Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
Apollo Tyres 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 Apollo Tyres stock to make a market-neutral strategy. Peer analysis of Apollo Tyres could also be used in its relative valuation, which is a method of valuing Apollo Tyres by comparing valuation metrics with similar companies.
Peers
Apollo Tyres Related Equities
| TCS | Tata Consultancy | 0.12 |
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| BHARTIARTL | Bharti Airtel | 0.65 |
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| HDFCBANK | HDFC Bank | 2.21 |
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| RELIANCE | Reliance Industries | 2.65 |
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Additional Tools for Apollo Stock Analysis
When running Apollo Tyres' price analysis, check to measure Apollo Tyres' 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 Apollo Tyres is operating at the current time. Most of Apollo Tyres' value examination focuses on studying past and present price action to predict the probability of Apollo Tyres' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Apollo Tyres' price. Additionally, you may evaluate how the addition of Apollo Tyres to your portfolios can decrease your overall portfolio volatility.