Ashton Thomas Private Wealth LLC Buys 3,110 Shares of PPG Industries, Inc.
| RYBCX Fund | USD 67.52 0.86 1.29% |
Slightly above 51% of Basic Materials' investors are presently thinking to get in. The analysis of overall sentiment of trading Basic Materials Fund mutual fund suggests that some investors are interested at this time. Basic Materials' investing sentiment can be driven by a variety of factors including economic data, Basic Materials' earnings reports, geopolitical events, and overall market trends.
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Ashton Thomas Private Wealth LLC boosted its stake in shares of PPG Industries, Inc. by 16.2 percent during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,263 shares of the specialty chemicals companys stock after buying an additional 3,110 shares during
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Basic Materials Fundamental Analysis
We analyze Basic Materials' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Basic Materials using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Basic Materials based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, 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.
Cash Position Weight
Cash Position Weight Comparative Analysis
Basic Materials is currently under evaluation in cash position weight among similar funds. Percentage of fund asset invested in cash equivalents or risk-free instruments. About 40% of all global funds carry cash on their balance sheet.
Basic Materials 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 Basic Materials mutual fund to make a market-neutral strategy. Peer analysis of Basic Materials could also be used in its relative valuation, which is a method of valuing Basic Materials by comparing valuation metrics with similar companies.
Peers
Basic Materials Related Equities
| RYVCX | Energy Services | 1.36 | ||||
| RYBIX | Basic Materials | 1.29 | ||||
| RYECX | Energy Fund | 0.99 | ||||
| RYCCX | Nasdaq-100(r) | 0.72 | ||||
| RYBAX | Basic Materials | 0.52 |
Other Information on Investing in Basic Mutual Fund
Basic Materials financial ratios help investors to determine whether Basic Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Basic with respect to the benefits of owning Basic Materials security.
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