Closing Bell Sienna Resources Inc flat on Thursday - The Globe and Mail
| SIE Stock | CAD 0.03 0.01 25.00% |
Slightly above 62% of Sienna Resources' investor base is looking to short. The current sentiment regarding investing in Sienna Resources stock implies that many traders are alarmed. Sienna Resources' investing sentiment can be driven by a variety of factors including economic data, Sienna Resources' earnings reports, geopolitical events, and overall market trends.
Sienna Resources stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Sienna daily returns and investor perception about the current price of Sienna Resources as well as its diversification or hedging effects on your existing portfolios.
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Closing Bell Sienna Resources Inc flat on Thursday The Globe and Mail
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Sienna Resources Fundamental Analysis
We analyze Sienna Resources' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Sienna Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Sienna Resources 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
Sienna Resources 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.
Sienna Resources 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 Sienna Resources stock to make a market-neutral strategy. Peer analysis of Sienna Resources could also be used in its relative valuation, which is a method of valuing Sienna Resources by comparing valuation metrics with similar companies.
Peers
Sienna Resources Related Equities
| ROMJ | Rubicon Organics | 12.12 | ||||
| CIA | Champion Iron | 2.69 | ||||
| LNR | Linamar | 1.56 | ||||
| AMZN | Amazon CDR | 1.25 | ||||
| FTN-PA | Financial | 0.09 | ||||
| FHE | First Trust | 0.00 | ||||
| ERE-UN | European Residential | 1.58 | ||||
| ASTL | Algoma Steel | 1.95 |
Additional Tools for Sienna Stock Analysis
When running Sienna Resources' price analysis, check to measure Sienna Resources' 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 Sienna Resources is operating at the current time. Most of Sienna Resources' value examination focuses on studying past and present price action to predict the probability of Sienna Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sienna Resources' price. Additionally, you may evaluate how the addition of Sienna Resources to your portfolios can decrease your overall portfolio volatility.