Is Carpenter Technology Stock Outpacing Its Basic Materials Peers This Year?
| CRS Stock | USD 206.58 5.85 2.91% |
Slightly above 54% of Carpenter Technology's private investors are presently thinking to get in. The current sentiment regarding investing in Carpenter Technology stock implies that some traders are interested. Carpenter Technology's investing sentiment can be driven by a variety of factors including economic data, Carpenter Technology's earnings reports, geopolitical events, and overall market trends.
Carpenter |
Here is how Carpenter Technology and Fortuna Mining have performed compared to their sector so far this year.
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Carpenter Technology Fundamental Analysis
We analyze Carpenter Technology's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Carpenter Technology using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Carpenter Technology 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
Carpenter Technology 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.
Carpenter Technology 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 Carpenter Technology stock to make a market-neutral strategy. Peer analysis of Carpenter Technology could also be used in its relative valuation, which is a method of valuing Carpenter Technology by comparing valuation metrics with similar companies.
Peers
Carpenter Technology Related Equities
| IIIN | Insteel Industries | 4.82 | ||||
| NWPX | Northwest Pipe | 1.16 | ||||
| MEC | Mayville Engineering | 0.64 | ||||
| RYI | Ryerson Holding | 0.48 | ||||
| WOR | Worthington Industries | 0.45 | ||||
| MLI | Mueller Industries | 0.33 | ||||
| ESAB | ESAB Corp | 0.12 | ||||
| GIFI | Gulf Island | 0.28 | ||||
| ATI | Allegheny Technologies | 0.50 |
Additional Tools for Carpenter Stock Analysis
When running Carpenter Technology's price analysis, check to measure Carpenter Technology'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 Carpenter Technology is operating at the current time. Most of Carpenter Technology's value examination focuses on studying past and present price action to predict the probability of Carpenter Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carpenter Technology's price. Additionally, you may evaluate how the addition of Carpenter Technology to your portfolios can decrease your overall portfolio volatility.