Returns On Capital Are Showing Encouraging Signs At Elgi Rubber - Simply Wall St

ELGIRUBCO   112.47  5.06  4.71%   
About 55% of Elgi Rubber's investors are presently thinking to get in. The analysis of overall sentiment of trading Elgi Rubber stock suggests that some investors are interested at this time. The current market sentiment, together with Elgi Rubber's historical and current headlines, can help investors time the market. In addition, many technical investors use Elgi Rubber stock news signals to limit their universe of possible portfolio assets.
  
Returns On Capital Are Showing Encouraging Signs At Elgi Rubber Simply Wall St

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Elgi Rubber Fundamental Analysis

We analyze Elgi Rubber's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Elgi Rubber using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Elgi Rubber 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.

Return On Asset

Return On Asset Comparative Analysis

Elgi Rubber is currently under evaluation in return on asset category among its peers. Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.

Elgi Rubber 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 Elgi Rubber stock to make a market-neutral strategy. Peer analysis of Elgi Rubber could also be used in its relative valuation, which is a method of valuing Elgi Rubber by comparing valuation metrics with similar companies.

Peers

Elgi Rubber Related Equities

MANGCHEFERMangalore Chemicals   7.19   
0%
92.0%
KINGFAKingfa Science   4.55   
0%
58.0%
GATECHDVRGACM Technologies   4.40   
0%
56.0%
INDOBORAXIndo Borax   0.79   
0%
10.0%
BAJAJHLDNGBajaj Holdings   0.75   
0%
9.0%
KNRCONKNR Constructions   0.43   
0%
5.0%
SCIShipping   0.14   
1.0%
0%
BFINVESTBF Investment   0.37   
4.0%
0%
ALKALIAlkali Metals   2.53   
32.0%
0%
KREBSBIOKrebs Biochemicals   7.78   
100.0%
0%

Complementary Tools for Elgi Stock analysis

When running Elgi Rubber's price analysis, check to measure Elgi Rubber'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 Elgi Rubber is operating at the current time. Most of Elgi Rubber's value examination focuses on studying past and present price action to predict the probability of Elgi Rubber's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elgi Rubber's price. Additionally, you may evaluate how the addition of Elgi Rubber to your portfolios can decrease your overall portfolio volatility.
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