Why is Nikes stock price down NKE shares plunge after gloomy sales warning - Fast Company
| NKE Stock | 74.33 0.51 0.69% |
Slightly above 52% of Nike's investor base is interested to short. The analysis of current outlook of investing in Nike Inc suggests that many traders are impartial regarding Nike's prospects. Nike's investing sentiment can be driven by a variety of factors including economic data, Nike's earnings reports, geopolitical events, and overall market trends.
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Why is Nikes stock price down NKE shares plunge after gloomy sales warning Fast Company
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Nike Fundamental Analysis
We analyze Nike's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nike using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nike 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.
Z Score
Z Score Comparative Analysis
Nike is currently under evaluation in z score category among its peers. Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
Nike Inc 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 Nike stock to make a market-neutral strategy. Peer analysis of Nike could also be used in its relative valuation, which is a method of valuing Nike by comparing valuation metrics with similar companies.
Peers
Nike Related Equities
| 2DG | SIVERS SEMICONDUCTORS | 22.22 | ||||
| TM9 | NorAm Drilling | 0.35 | ||||
| 6HW | BANK HANDLOWY | 0.46 | ||||
| 6NM | NMI Holdings | 0.55 | ||||
| DO2 | Deckers Outdoor | 0.99 | ||||
| RS6 | Reliance Steel | 1.00 | ||||
| NOH1 | Norsk Hydro | 2.49 | ||||
| 8SP | Superior Plus | 4.50 |
Additional Tools for Nike Stock Analysis
When running Nike's price analysis, check to measure Nike'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 Nike is operating at the current time. Most of Nike's value examination focuses on studying past and present price action to predict the probability of Nike's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nike's price. Additionally, you may evaluate how the addition of Nike to your portfolios can decrease your overall portfolio volatility.