Share Market Highlights 09 November 2023 Sensex sheds 143 pts Nifty ends below 19400 auto stocks shine - BusinessLine
| ESTI Stock | IDR 44.00 1.00 2.22% |
About 62% of Ever Shine's investor base is looking to short. The analysis of current outlook of investing in Ever Shine Textile suggests that many traders are alarmed regarding Ever Shine's prospects. Ever Shine's investing sentiment shows overall attitude of investors towards Ever Shine Textile.
Ever |
Share Market Highlights 09 November 2023 Sensex sheds 143 pts Nifty ends below 19400 auto stocks shine BusinessLine
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Ever Shine Fundamental Analysis
We analyze Ever Shine's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ever Shine using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ever Shine 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.
Current Valuation
Current Valuation Comparative Analysis
Ever Shine is currently under evaluation in current valuation category among its peers. Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Ever Shine Textile 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 Ever Shine stock to make a market-neutral strategy. Peer analysis of Ever Shine could also be used in its relative valuation, which is a method of valuing Ever Shine by comparing valuation metrics with similar companies.
Peers
Ever Shine Related Equities
| JIHD | Jakarta Int | 24.79 | ||||
| ISAT | Indosat Tbk | 2.53 | ||||
| PSAB | J Resources | 0.67 | ||||
| TECH | Indosterling Technomedia | 0.00 | ||||
| KKES | PT Kusuma | 0.00 | ||||
| MPMX | Mitra Pinasthika | 0.50 | ||||
| BBNI | Bank Negara | 0.90 | ||||
| CASA | Capital Financial | 0.97 | ||||
| INOV | Inocycle Technology | 0.99 | ||||
| AHAP | Asuransi Harta | 1.06 |
Other Information on Investing in Ever Stock
Ever Shine financial ratios help investors to determine whether Ever Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ever with respect to the benefits of owning Ever Shine security.