Rio Paranapanema Energia First Quarter 2024 Earnings EPS R0.85 - Simply Wall St
| PMAM3 Stock | BRL 1.00 0.01 1.01% |
Slightly above 55% of Paranapanema's investor base is interested to short. The analysis of current outlook of investing in Paranapanema SA suggests that many traders are impartial regarding Paranapanema's prospects. Paranapanema's investing sentiment can be driven by a variety of factors including economic data, Paranapanema's earnings reports, geopolitical events, and overall market trends.
Paranapanema stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Paranapanema daily returns and investor perception about the current price of Paranapanema SA as well as its diversification or hedging effects on your existing portfolios.
Paranapanema |
Rio Paranapanema Energia First Quarter 2024 Earnings EPS R0.85 Simply Wall St
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Paranapanema Fundamental Analysis
We analyze Paranapanema's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Paranapanema using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Paranapanema 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
Paranapanema 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..
Paranapanema SA 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 Paranapanema stock to make a market-neutral strategy. Peer analysis of Paranapanema could also be used in its relative valuation, which is a method of valuing Paranapanema by comparing valuation metrics with similar companies.
Peers
Paranapanema Related Equities
| UNIP6 | Unipar Carbocloro | 0.63 | ||||
| POMO4 | Marcopolo | 0.69 | ||||
| FESA4 | Cia De | 1.13 | ||||
| JHSF3 | JHSF Participaes | 1.14 | ||||
| VLID3 | Valid Solues | 1.87 |
Additional Tools for Paranapanema Stock Analysis
When running Paranapanema's price analysis, check to measure Paranapanema'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 Paranapanema is operating at the current time. Most of Paranapanema's value examination focuses on studying past and present price action to predict the probability of Paranapanema's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Paranapanema's price. Additionally, you may evaluate how the addition of Paranapanema to your portfolios can decrease your overall portfolio volatility.