Barclays maintains overweight rating on ConvaTec stock, sees growth potential - Investing.com
| CNVVF Stock | USD 2.95 0.00 0.00% |
Roughly 56% of ConvaTec Group's investor base is looking to short. The analysis of overall sentiment of trading ConvaTec Group Plc pink sheet suggests that many investors are alarmed at this time. The current market sentiment, together with ConvaTec Group's historical and current headlines, can help investors time the market. In addition, many technical investors use ConvaTec Group Plc stock news signals to limit their universe of possible portfolio assets.
ConvaTec Group pink sheet news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of ConvaTec daily returns and investor perception about the current price of ConvaTec Group Plc as well as its diversification or hedging effects on your existing portfolios.
ConvaTec |
Barclays maintains overweight rating on ConvaTec stock, sees growth potential Investing.com
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ConvaTec Group Fundamental Analysis
We analyze ConvaTec Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ConvaTec Group using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ConvaTec 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.
Beta
Beta Comparative Analysis
ConvaTec Group 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.
ConvaTec Group Plc 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 ConvaTec Group pink sheet to make a market-neutral strategy. Peer analysis of ConvaTec Group could also be used in its relative valuation, which is a method of valuing ConvaTec Group by comparing valuation metrics with similar companies.
Peers
ConvaTec Group Related Equities
| TSLA | Tesla | 3.69 | ||||
| SPHR | Sphere Entertainment | 2.31 | ||||
| RDCM | Radcom | 0.84 | ||||
| APOG | Apogee Enterprises | 0.51 | ||||
| VRRM | Verra Mobility | 0.38 | ||||
| GZITF | Yuexiu Transport | 0.00 | ||||
| CNLFF | Canlan Ice | 0.00 | ||||
| SUM | Summit Materials | 0.29 |
Complementary Tools for ConvaTec Pink Sheet analysis
When running ConvaTec Group's price analysis, check to measure ConvaTec 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 ConvaTec Group is operating at the current time. Most of ConvaTec Group's value examination focuses on studying past and present price action to predict the probability of ConvaTec 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 ConvaTec Group's price. Additionally, you may evaluate how the addition of ConvaTec Group to your portfolios can decrease your overall portfolio volatility.
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