Is Weakness In Axita Cotton Limited Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects - Simply Wall St
| AXITA Stock | 11.21 0.10 0.88% |
About 62% of Axita Cotton's investor base is looking to short. The analysis of overall sentiment of trading Axita Cotton Limited stock suggests that many investors are alarmed at this time. Axita Cotton's investing sentiment overview a quick insight into current market opportunities from investing in Axita Cotton Limited. Many technical investors use Axita Cotton Limited stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Axita |
Is Weakness In Axita Cotton Limited Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects Simply Wall St
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Axita Cotton Fundamental Analysis
We analyze Axita Cotton's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Axita Cotton using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Axita Cotton 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
Axita Cotton 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.
Axita Cotton 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 Axita Cotton stock to make a market-neutral strategy. Peer analysis of Axita Cotton could also be used in its relative valuation, which is a method of valuing Axita Cotton by comparing valuation metrics with similar companies.
Peers
Axita Cotton Related Equities
| DELTAMAGNT | Delta Manufacturing | 8.07 | ||||
| COSMOFIRST | COSMO FIRST | 4.00 | ||||
| KINGFA | Kingfa Science | 0.58 | ||||
| TBZ | Tribhovandas Bhimji | 0.38 | ||||
| HEUBACHIND | Heubach Colorants | 0.17 | ||||
| RELIANCE | Reliance Industries | 0.04 | ||||
| HDFCBANK | HDFC Bank | 0.16 | ||||
| RICOAUTO | Rico Auto | 0.81 | ||||
| PARAGMILK | Parag Milk | 1.73 | ||||
| GATECHDVR | GACM Technologies | 2.08 |
Other Information on Investing in Axita Stock
Axita Cotton financial ratios help investors to determine whether Axita Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Axita with respect to the benefits of owning Axita Cotton security.