I bought these two ASX shares last week, heres why - The Motley Fool Australia
| CAR Stock | 39.25 0.97 2.41% |
Slightly above 62% of CAR GROUP's investor base is looking to short. The analysis of overall sentiment of trading CAR GROUP LIMITED stock suggests that many investors are alarmed at this time. CAR GROUP's investing sentiment can be driven by a variety of factors including economic data, CAR GROUP's earnings reports, geopolitical events, and overall market trends.
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I bought these two ASX shares last week, heres why The Motley Fool Australia
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CAR GROUP Fundamental Analysis
We analyze CAR GROUP's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CAR GROUP using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CAR GROUP 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.
Shares Owned By Insiders
Shares Owned By Insiders Comparative Analysis
CAR GROUP is currently under evaluation in shares owned by insiders category among its peers. Shares Owned by Insiders show the percentage of outstanding shares owned by insiders (such as principal officers or members of the board of directors) or private individuals and entities with over 5% of the total shares outstanding. Company executives or private individuals with access to insider information share information about a firm's operations that is not available to the general public.
CAR GROUP LIMITED 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 CAR GROUP stock to make a market-neutral strategy. Peer analysis of CAR GROUP could also be used in its relative valuation, which is a method of valuing CAR GROUP by comparing valuation metrics with similar companies.
Peers
CAR GROUP Related Equities
| OCA | Oceania Healthcare | 4.62 | ||||
| CPU | Computershare | 0.66 | ||||
| BTI | British Amer | 0.79 | ||||
| RHC | Ramsay Health | 1.55 | ||||
| MAQ | Macquarie Technology | 3.38 | ||||
| AGI | Ainsworth Game | 5.00 |
Additional Tools for CAR Stock Analysis
When running CAR GROUP's price analysis, check to measure CAR GROUP'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 CAR GROUP is operating at the current time. Most of CAR GROUP's value examination focuses on studying past and present price action to predict the probability of CAR GROUP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CAR GROUP's price. Additionally, you may evaluate how the addition of CAR GROUP to your portfolios can decrease your overall portfolio volatility.