Commodities corner Shifting sands
| OEPIX Fund | USD 71.06 7.52 9.57% |
Slightly above 61% of Oil Equipment's investor base is looking to short. The analysis of overall sentiment of trading Oil Equipment Services mutual fund suggests that many investors are alarmed at this time. Oil Equipment's investing sentiment can be driven by a variety of factors including economic data, Oil Equipment's earnings reports, geopolitical events, and overall market trends.
Oil |
06 Feb 2023 - So where has the commodity price boom gone, six weeks or so into 2023 The surprisingly good US jobs data for January saw US bond yields leap by 12 points to regain the 3.52 percent level, while the US dollar rose more than 1 percent on the day and the week, reversing the recent slide that had helped drive commodity prices higher in the past month.
Read at finnewsnetwork.com.au
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Oil Equipment Fundamental Analysis
We analyze Oil Equipment's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Oil Equipment using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Oil Equipment based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, 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.
Price To Book
Price To Book Comparative Analysis
Oil Equipment is currently under evaluation in price to book among similar funds. Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Oil Equipment 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 Oil Equipment mutual fund to make a market-neutral strategy. Peer analysis of Oil Equipment could also be used in its relative valuation, which is a method of valuing Oil Equipment by comparing valuation metrics with similar companies.
Peers
Oil Equipment Related Equities
| RAGHX | Allianzgi Health | 1.26 | ||||
| LYFAX | Alphacentric Lifesci | 0.08 | ||||
| LOGSX | Live Oak | 0.28 | ||||
| GTHCX | Invesco Global | 0.55 | ||||
| ETHSX | Eaton Vance | 0.57 | ||||
| DLRHX | Delaware Healthcare | 0.58 | ||||
| BHSRX | Blackrock Health | 0.80 |
Other Information on Investing in Oil Mutual Fund
Oil Equipment financial ratios help investors to determine whether Oil Mutual Fund 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 Oil with respect to the benefits of owning Oil Equipment security.
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