Why the soaring Qantas share price could be difficult to sustain - MSN
| QAN Stock | 9.46 0.04 0.42% |
Slightly above 52% of Qantas Airways' investor base is interested to short. The analysis of overall sentiment of trading Qantas Airways stock suggests that many investors are impartial at this time. Qantas Airways' investing sentiment can be driven by a variety of factors including economic data, Qantas Airways' earnings reports, geopolitical events, and overall market trends.
Qantas |
Why the soaring Qantas share price could be difficult to sustain MSN
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Qantas Airways Fundamental Analysis
We analyze Qantas Airways' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Qantas Airways using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Qantas Airways 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
Qantas Airways 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.
Qantas Airways 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 Qantas Airways stock to make a market-neutral strategy. Peer analysis of Qantas Airways could also be used in its relative valuation, which is a method of valuing Qantas Airways by comparing valuation metrics with similar companies.
Peers
Qantas Airways Related Equities
| ONE | Oneview Healthcare | 3.57 | ||||
| LLC | Lendlease | 0.48 | ||||
| BOQPG | Bank of Queensland | 0.01 | ||||
| CWY | Cleanaway Waste | 0.36 | ||||
| ABA | Auswide Bank | 0.41 | ||||
| QBE | Qbe Insurance | 0.93 | ||||
| CIW | Clime Investment | 2.78 |
Additional Tools for Qantas Stock Analysis
When running Qantas Airways' price analysis, check to measure Qantas Airways' 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 Qantas Airways is operating at the current time. Most of Qantas Airways' value examination focuses on studying past and present price action to predict the probability of Qantas Airways' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Qantas Airways' price. Additionally, you may evaluate how the addition of Qantas Airways to your portfolios can decrease your overall portfolio volatility.