Mackenzie Investments Announces November 2023 Distributions for ... - Canada NewsWire
| IGM Stock | CAD 44.53 1.20 2.62% |
About 61% of IGM Financial's investor base is looking to short. The analysis of overall sentiment of trading IGM Financial stock suggests that many investors are alarmed at this time. IGM Financial's investing sentiment overview a quick insight into current market opportunities from investing in IGM Financial. Many technical investors use IGM Financial stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
IGM |
Mackenzie Investments Announces November 2023 Distributions for ... Canada NewsWire
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IGM Financial Fundamental Analysis
We analyze IGM Financial's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of IGM Financial using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of IGM Financial 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
IGM Financial 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.
IGM Financial 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 IGM Financial stock to make a market-neutral strategy. Peer analysis of IGM Financial could also be used in its relative valuation, which is a method of valuing IGM Financial by comparing valuation metrics with similar companies.
Peers
IGM Financial Related Equities
| CIX | CI Financial | 0.16 | ||||
| CWB | Canadian Western | 0.17 | ||||
| GWO | Great West | 0.36 | ||||
| POW | Power | 0.73 | ||||
| IAG | IA Financial | 0.99 |
Other Information on Investing in IGM Stock
IGM Financial financial ratios help investors to determine whether IGM 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 IGM with respect to the benefits of owning IGM Financial security.