Australia stocks higher at close of trade SPASX 200 up 0.34 percent - Investing.com
| RMD Stock | 36.95 0.19 0.52% |
Slightly above 53% of Resmed's investor base is interested to short. The analysis of overall sentiment of trading Resmed Inc DRC stock suggests that many investors are impartial at this time. Resmed's investing sentiment can be driven by a variety of factors including economic data, Resmed's earnings reports, geopolitical events, and overall market trends.
Resmed |
Australia stocks higher at close of trade SPASX 200 up 0.34 Investing.com
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Resmed Fundamental Analysis
We analyze Resmed's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Resmed using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Resmed 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
Resmed 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.
Resmed Inc DRC 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 Resmed stock to make a market-neutral strategy. Peer analysis of Resmed could also be used in its relative valuation, which is a method of valuing Resmed by comparing valuation metrics with similar companies.
Peers
Resmed Related Equities
| IEL | IDP Education | 3.92 | ||||
| ABB | Aussie Broadband | 0.57 | ||||
| CQE | Charter Hall | 0.38 | ||||
| ARG | Argo Investments | 0.33 | ||||
| MIR | Mirrabooka Investments | 0.29 | ||||
| CIW | Clime Investment | 0.00 |
Additional Tools for Resmed Stock Analysis
When running Resmed's price analysis, check to measure Resmed'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 Resmed is operating at the current time. Most of Resmed's value examination focuses on studying past and present price action to predict the probability of Resmed's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Resmed's price. Additionally, you may evaluate how the addition of Resmed to your portfolios can decrease your overall portfolio volatility.