Does Rand Mining Limiteds Weak Fundamentals Mean That The Market Could Correct Its Share Price - Yahoo Finance
| RND Stock | 1.48 0.03 2.07% |
Slightly above 53% of Rand Mining's private investors are presently thinking to get in. The current sentiment regarding investing in Rand Mining stock implies that some traders are interested. Rand Mining's investing sentiment can be driven by a variety of factors including economic data, Rand Mining's earnings reports, geopolitical events, and overall market trends.
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Does Rand Mining Limiteds Weak Fundamentals Mean That The Market Could Correct Its Share Price Yahoo Finance
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Rand Mining Fundamental Analysis
We analyze Rand Mining's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Rand Mining using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Rand Mining 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.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
Rand Mining is currently under evaluation in probability of bankruptcy category among its peers. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
Rand Mining 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 Rand Mining stock to make a market-neutral strategy. Peer analysis of Rand Mining could also be used in its relative valuation, which is a method of valuing Rand Mining by comparing valuation metrics with similar companies.
Peers
Rand Mining Related Equities
| NST | Northern Star | 2.01 | ||||
| DEG | De Grey | 1.68 | ||||
| EVN | Evolution Mining | 1.24 | ||||
| BSL | Bluescope Steel | 0.85 | ||||
| PRU | Perseus Mining | 0.77 | ||||
| ATM | Aneka Tambang | 0.00 | ||||
| SFR | Sandfire Resources | 0.11 |
Additional Tools for Rand Stock Analysis
When running Rand Mining's price analysis, check to measure Rand Mining'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 Rand Mining is operating at the current time. Most of Rand Mining's value examination focuses on studying past and present price action to predict the probability of Rand Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rand Mining's price. Additionally, you may evaluate how the addition of Rand Mining to your portfolios can decrease your overall portfolio volatility.