Lux Industries Stock Declines 5.13 percent Amid Broader Textile Sector Challenges - MarketsMojo
| LUXIND Stock | 1,893 137.15 6.76% |
About 61% of Lux Industries' investor base is looking to short. The analysis of overall sentiment of trading Lux Industries Limited stock suggests that many investors are alarmed at this time. The current market sentiment, together with Lux Industries' historical and current headlines, can help investors time the market. In addition, many technical investors use Lux Industries stock news signals to limit their universe of possible portfolio assets.
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Lux Industries Stock Declines 5.13 percent Amid Broader Textile Sector Challenges MarketsMojo
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Lux Industries Fundamental Analysis
We analyze Lux Industries' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Lux Industries using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Lux Industries 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
Lux Industries 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.
Lux 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 Lux Industries stock to make a market-neutral strategy. Peer analysis of Lux Industries could also be used in its relative valuation, which is a method of valuing Lux Industries by comparing valuation metrics with similar companies.
Peers
Lux Industries Related Equities
| ICICIBANK | ICICI Bank | 0.12 |
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| TCS | Tata Consultancy | 0.12 |
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| BHARTIARTL | Bharti Airtel | 0.65 |
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| SBIN | State Bank | 2.14 |
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| HDFCBANK | HDFC Bank | 2.21 |
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| RELIANCE | Reliance Industries | 2.65 |
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| PFC | Power Finance | 3.94 |
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Complementary Tools for Lux Stock analysis
When running Lux Industries' price analysis, check to measure Lux Industries' 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 Lux Industries is operating at the current time. Most of Lux Industries' value examination focuses on studying past and present price action to predict the probability of Lux Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lux Industries' price. Additionally, you may evaluate how the addition of Lux Industries to your portfolios can decrease your overall portfolio volatility.
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