ASX up 0.56 percent near noon Wall Street suffers overnight
| JHX Stock | USD 25.21 0.13 0.51% |
Slightly above 61% of James Hardie's investor base is looking to short. The analysis of overall sentiment of trading James Hardie Industries stock suggests that many investors are alarmed at this time. James Hardie's investing sentiment can be driven by a variety of factors including economic data, James Hardie's earnings reports, geopolitical events, and overall market trends.
26 Sep 2024 - At 1145am, the SPASX 200 is 0.56 percent higher at 8,172 driven by a broad rally across all the sectors, led by consumer discretionary stocks.
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James Hardie Fundamental Analysis
We analyze James Hardie's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of James Hardie using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of James Hardie 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 Institutions
Shares Owned By Institutions Comparative Analysis
James Hardie is currently under evaluation in shares owned by institutions category among its peers. Shares Owned by Institutions show the percentage of the outstanding shares of stock issued by a company that is currently owned by other institutions such as asset management firms, hedge funds, or investment banks. Many investors like investing in companies with a large percentage of the firm owned by institutions because they believe that larger firms such as banks, pension funds, and mutual funds, will invest when they think that good things are going to happen.
James Hardie Industries 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 James Hardie stock to make a market-neutral strategy. Peer analysis of James Hardie could also be used in its relative valuation, which is a method of valuing James Hardie by comparing valuation metrics with similar companies.
Peers
James Hardie Related Equities
| EXP | Eagle Materials | 2.29 | ||||
| MLM | Martin Marietta | 2.03 | ||||
| USLM | United States | 1.68 | ||||
| VMC | Vulcan Materials | 1.64 | ||||
| CRH | CRH PLC | 1.13 | ||||
| CPAC | Cementos Pacasmayo | 0.54 | ||||
| CX | Cemex SAB | 0.44 | ||||
| LOMA | Loma Negra | 0.49 |
Additional Tools for James Stock Analysis
When running James Hardie's price analysis, check to measure James Hardie'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 James Hardie is operating at the current time. Most of James Hardie's value examination focuses on studying past and present price action to predict the probability of James Hardie's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move James Hardie's price. Additionally, you may evaluate how the addition of James Hardie to your portfolios can decrease your overall portfolio volatility.