Closing Bell ASX lifts as CBA, Mac Bank hit record highs Aruma Resources doubles - Stockhead
| AAJ Stock | 0.01 0 7.14% |
Slightly above 58% of all Aruma Resources' private investors are looking to take a long position. The current sentiment regarding investing in Aruma Resources stock implies that some traders are interested. Aruma Resources' investing sentiment can be driven by a variety of factors including economic data, Aruma Resources' earnings reports, geopolitical events, and overall market trends.
Aruma |
Closing Bell ASX lifts as CBA, Mac Bank hit record highs Aruma Resources doubles Stockhead
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Aruma Resources Fundamental Analysis
We analyze Aruma Resources' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Aruma Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Aruma Resources 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
Aruma Resources 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.
Aruma Resources 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 Aruma Resources stock to make a market-neutral strategy. Peer analysis of Aruma Resources could also be used in its relative valuation, which is a method of valuing Aruma Resources by comparing valuation metrics with similar companies.
Peers
Aruma Resources Related Equities
| AHC | Austco Healthcare | 4.17 | ||||
| AHX | Apiam Animal | 2.63 | ||||
| EMV | EMvision Medical | 1.02 | ||||
| CWY | Cleanaway Waste | 0.35 | ||||
| ONE | Oneview Healthcare | 3.03 |
Additional Tools for Aruma Stock Analysis
When running Aruma Resources' price analysis, check to measure Aruma Resources' 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 Aruma Resources is operating at the current time. Most of Aruma Resources' value examination focuses on studying past and present price action to predict the probability of Aruma Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aruma Resources' price. Additionally, you may evaluate how the addition of Aruma Resources to your portfolios can decrease your overall portfolio volatility.