Earnings call Perimeter Medical reports progress in Q4 2023 - Investing.com
| PINK Stock | CAD 0.40 0.01 2.44% |
Slightly above 61% of Perimeter Medical's investor base is looking to short. The analysis of overall sentiment of trading Perimeter Medical Imaging stock suggests that many investors are alarmed at this time. Perimeter Medical's investing sentiment can be driven by a variety of factors including economic data, Perimeter Medical's earnings reports, geopolitical events, and overall market trends.
Perimeter Medical stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Perimeter daily returns and investor perception about the current price of Perimeter Medical Imaging as well as its diversification or hedging effects on your existing portfolios.
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Earnings call Perimeter Medical reports progress in Q4 2023 Investing.com
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Perimeter Medical Fundamental Analysis
We analyze Perimeter Medical's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Perimeter Medical using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Perimeter Medical 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
Perimeter Medical 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.
Perimeter Medical Imaging 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 Perimeter Medical stock to make a market-neutral strategy. Peer analysis of Perimeter Medical could also be used in its relative valuation, which is a method of valuing Perimeter Medical by comparing valuation metrics with similar companies.
Peers
Perimeter Medical Related Equities
| XEG | IShares SPTSX | 2.07 | ||||
| ALA-PA | Altagas Cum | 1.35 | ||||
| ERE-UN | European Residential | 0.53 | ||||
| RUDB | RBC Discount | 0.05 | ||||
| XHB | IShares Canadian | 0.20 | ||||
| KDA | KDA | 3.33 |
Additional Tools for Perimeter Stock Analysis
When running Perimeter Medical's price analysis, check to measure Perimeter Medical'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 Perimeter Medical is operating at the current time. Most of Perimeter Medical's value examination focuses on studying past and present price action to predict the probability of Perimeter Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Perimeter Medical's price. Additionally, you may evaluate how the addition of Perimeter Medical to your portfolios can decrease your overall portfolio volatility.