Insider Spends CA1.0m Buying More Shares In Stingray Group - Simply Wall St
| RAY-A Stock | CAD 7.97 0.01 0.13% |
Slightly above 55% of Stingray's investor base is interested to short. The current sentiment regarding investing in Stingray Group stock implies that many traders are impartial. Stingray's investing sentiment can be driven by a variety of factors including economic data, Stingray's earnings reports, geopolitical events, and overall market trends.
Stingray |
Insider Spends CA1.0m Buying More Shares In Stingray Group Simply Wall St
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Stingray Fundamental Analysis
We analyze Stingray's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Stingray using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Stingray 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.
Net Income
Net Income Comparative Analysis
Stingray is currently under evaluation in net income category among its peers. Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Stingray Group 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 Stingray stock to make a market-neutral strategy. Peer analysis of Stingray could also be used in its relative valuation, which is a method of valuing Stingray by comparing valuation metrics with similar companies.
Peers
Stingray Related Equities
| SIS | Savaria | 1.05 | ||||
| TCS | TECSYS | 0.40 | ||||
| AND | Andlauer Healthcare | 0.32 | ||||
| FSZ | Fiera Capital | 0.31 | ||||
| QTRH | Quarterhill | 1.20 |
Additional Tools for Stingray Stock Analysis
When running Stingray's price analysis, check to measure Stingray'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 Stingray is operating at the current time. Most of Stingray's value examination focuses on studying past and present price action to predict the probability of Stingray's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stingray's price. Additionally, you may evaluate how the addition of Stingray to your portfolios can decrease your overall portfolio volatility.