Rajnandini Metal Limited Might Not Be As Mispriced As It Looks After Plunging 26 percent - Simply Wall St
RAJMET Stock | 8.52 0.31 3.51% |
About 61% of Rajnandini Metal's investor base is looking to short. The current sentiment regarding investing in Rajnandini Metal Limited stock implies that many traders are alarmed. The current market sentiment, together with Rajnandini Metal's historical and current headlines, can help investors time the market. In addition, many technical investors use Rajnandini Metal stock news signals to limit their universe of possible portfolio assets.
Rajnandini |
Rajnandini Metal Limited Might Not Be As Mispriced As It Looks After Plunging 26 Simply Wall St
Read at news.google.com
Rajnandini Metal Fundamental Analysis
We analyze Rajnandini Metal's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Rajnandini Metal using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Rajnandini Metal 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
Rajnandini Metal 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.
Rajnandini Metal 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 Rajnandini Metal stock to make a market-neutral strategy. Peer analysis of Rajnandini Metal could also be used in its relative valuation, which is a method of valuing Rajnandini Metal by comparing valuation metrics with similar companies.
Peers
Rajnandini Metal Related Equities
EMBASSY-RR | Embassy Office | 0.43 |
| ||
CHOLAFIN | Cholamandalam Investment | 1.65 |
| ||
TREEHOUSE | Tree House | 2.14 |
| ||
TIINDIA | Tube Investments | 3.33 |
| ||
PILANIINVS | Pilani Investment | 4.09 |
| ||
BAJAJHLDNG | Bajaj Holdings | 4.64 |
| ||
GTECJAINX | G Tec | 5.01 |
| ||
KICL | Kalyani Investment | 5.28 |
|
Complementary Tools for Rajnandini Stock analysis
When running Rajnandini Metal's price analysis, check to measure Rajnandini Metal'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 Rajnandini Metal is operating at the current time. Most of Rajnandini Metal's value examination focuses on studying past and present price action to predict the probability of Rajnandini Metal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rajnandini Metal's price. Additionally, you may evaluate how the addition of Rajnandini Metal to your portfolios can decrease your overall portfolio volatility.
Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk |