Manaksia Steels Financial Results Show Negative Performance, MarketsMOJO Calls Sell - MarketsMojo
| MANAKSTEEL | 63.30 0.73 1.14% |
Slightly above 61% of Manaksia Steels' investor base is looking to short. The current sentiment regarding investing in Manaksia Steels Limited stock implies that many traders are alarmed. Manaksia Steels' investing sentiment can be driven by a variety of factors including economic data, Manaksia Steels' earnings reports, geopolitical events, and overall market trends.
Manaksia |
Manaksia Steels Financial Results Show Negative Performance, MarketsMOJO Calls Sell MarketsMojo
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Manaksia Steels Fundamental Analysis
We analyze Manaksia Steels' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Manaksia Steels using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Manaksia Steels 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
Manaksia Steels 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.
Manaksia Steels 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 Manaksia Steels stock to make a market-neutral strategy. Peer analysis of Manaksia Steels could also be used in its relative valuation, which is a method of valuing Manaksia Steels by comparing valuation metrics with similar companies.
Peers
Manaksia Steels Related Equities
| MAITHANALL | Maithan Alloys | 2.84 | ||||
| INDIAGLYCO | India Glycols | 0.91 | ||||
| GUJALKALI | Gujarat Alkalies | 0.84 | ||||
| EMBASSY-RR | Embassy Office | 0.85 | ||||
| GNFC | Gujarat Narmada | 1.09 | ||||
| JTLIND | JTL Industries | 1.58 | ||||
| IMFA | Indian Metals | 1.80 | ||||
| NMDC | NMDC | 2.21 |
Additional Tools for Manaksia Stock Analysis
When running Manaksia Steels' price analysis, check to measure Manaksia Steels' 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 Manaksia Steels is operating at the current time. Most of Manaksia Steels' value examination focuses on studying past and present price action to predict the probability of Manaksia Steels' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Manaksia Steels' price. Additionally, you may evaluate how the addition of Manaksia Steels to your portfolios can decrease your overall portfolio volatility.