Nigerian stock market takes bull by its horns in 2024 - African Business
| H73 Stock | EUR 0.02 0.00 0.00% |
Slightly above 56% of HORN PETROLEUM's investor base is looking to short. The analysis of current outlook of investing in HORN PETROLEUM suggests that many traders are alarmed regarding HORN PETROLEUM's prospects. HORN PETROLEUM's investing sentiment can be driven by a variety of factors including economic data, HORN PETROLEUM's earnings reports, geopolitical events, and overall market trends.
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Nigerian stock market takes bull by its horns in 2024 African Business
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HORN PETROLEUM Fundamental Analysis
We analyze HORN PETROLEUM's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of HORN PETROLEUM using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of HORN PETROLEUM 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.
EBITDA
EBITDA Comparative Analysis
HORN PETROLEUM is currently under evaluation in ebitda category among its peers. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
HORN PETROLEUM 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 HORN PETROLEUM stock to make a market-neutral strategy. Peer analysis of HORN PETROLEUM could also be used in its relative valuation, which is a method of valuing HORN PETROLEUM by comparing valuation metrics with similar companies.
Peers
HORN PETROLEUM Related Equities
| GLJ | GRENKELEASING Dusseldorf | 1.19 | ||||
| ALG | ALBIS LEASING | 0.74 | ||||
| CTO | Costco Wholesale | 0.12 | ||||
| BMT | BRIT AMER | 0.08 | ||||
| RSO | Ross Stores | 0.18 | ||||
| JATA | JAPAN TOBACCO | 2.24 | ||||
| HKU | H2O Retailing | 2.48 |
Additional Tools for HORN Stock Analysis
When running HORN PETROLEUM's price analysis, check to measure HORN PETROLEUM'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 HORN PETROLEUM is operating at the current time. Most of HORN PETROLEUM's value examination focuses on studying past and present price action to predict the probability of HORN PETROLEUM's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HORN PETROLEUM's price. Additionally, you may evaluate how the addition of HORN PETROLEUM to your portfolios can decrease your overall portfolio volatility.