Reach Subsea ASA Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024 - Marketscreener.com
| REACH Stock | NOK 8.88 0.12 1.33% |
About 62% of Reach Subsea's investor base is looking to short. The analysis of current outlook of investing in Reach Subsea suggests that many traders are alarmed regarding Reach Subsea's prospects. Reach Subsea's investing sentiment overview a quick insight into current market opportunities from investing in Reach Subsea. Many technical investors use Reach Subsea stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
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Reach Subsea ASA Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024 Marketscreener.com
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Reach Subsea Fundamental Analysis
We analyze Reach Subsea's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Reach Subsea using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Reach Subsea 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
Reach Subsea 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..
Reach Subsea 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 Reach Subsea stock to make a market-neutral strategy. Peer analysis of Reach Subsea could also be used in its relative valuation, which is a method of valuing Reach Subsea by comparing valuation metrics with similar companies.
Peers
Reach Subsea Related Equities
| SOFF | Solstad Offsho | 1.80 | ||||
| ODL | Odfjell Drilling | 0.31 | ||||
| EIOF | Eidesvik Offshore | 0.75 | ||||
| BWO | BW Offshore | 0.89 |
Other Information on Investing in Reach Stock
Reach Subsea financial ratios help investors to determine whether Reach Stock 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 Reach with respect to the benefits of owning Reach Subsea security.