Calfrac Well Services Share Price Passes Above Two Hundred Day Moving Average - Heres What Happened - MarketBeat
| CFW Stock | CAD 3.77 0.03 0.79% |
About 61% of Calfrac Well's investor base is looking to short. The analysis of overall sentiment of trading Calfrac Well Services stock suggests that many investors are alarmed at this time. Calfrac Well's investing sentiment overview a quick insight into current market opportunities from investing in Calfrac Well Services. Many technical investors use Calfrac Well Services stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Calfrac |
Calfrac Well Services Share Price Passes Above Two Hundred Day Moving Average - Heres What Happened MarketBeat
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Calfrac Well Fundamental Analysis
We analyze Calfrac Well's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Calfrac Well using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Calfrac Well 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 Valuation
Current Valuation Comparative Analysis
Calfrac Well is currently under evaluation in current valuation category among its peers. Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Calfrac Well Services 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 Calfrac Well stock to make a market-neutral strategy. Peer analysis of Calfrac Well could also be used in its relative valuation, which is a method of valuing Calfrac Well by comparing valuation metrics with similar companies.
Peers
Calfrac Well Related Equities
| PD | Precision Drilling | 4.69 | ||||
| ESI | Ensign Energy | 1.19 | ||||
| TCW | Trican Well | 1.50 | ||||
| SES | Secure Energy | 1.86 | ||||
| CEU | CES Energy | 2.40 |
Other Information on Investing in Calfrac Stock
Calfrac Well financial ratios help investors to determine whether Calfrac 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 Calfrac with respect to the benefits of owning Calfrac Well security.