Sportking India Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023 - Marketscreener.com
SPORTKING | 98.78 0.84 0.86% |
Under 54% of Sportking India's investor base is interested to short. The analysis of overall sentiment of trading Sportking India Limited stock suggests that many investors are impartial at this time. Sportking India's investing sentiment shows overall attitude of investors towards Sportking India Limited.
Sportking |
Sportking India Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023 Marketscreener.com
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Sportking India Fundamental Analysis
We analyze Sportking India's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Sportking India using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Sportking India 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
Sportking India 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.
Sportking India 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 Sportking India stock to make a market-neutral strategy. Peer analysis of Sportking India could also be used in its relative valuation, which is a method of valuing Sportking India by comparing valuation metrics with similar companies.
Peers
Sportking India Related Equities
KINGFA | Kingfa Science | 4.55 | ||||
GATECHDVR | GACM Technologies | 4.40 | ||||
CHEMCON | Chemcon Speciality | 3.05 | ||||
PARAGMILK | Parag Milk | 1.10 | ||||
COSMOFIRST | COSMO FIRST | 0.57 | ||||
HEUBACHIND | Heubach Colorants | 0.39 | ||||
XCHANGING | Xchanging Solutions | 0.36 | ||||
DELTAMAGNT | Delta Manufacturing | 0.30 | ||||
TBZ | Tribhovandas Bhimji | 0.19 | ||||
RICOAUTO | Rico Auto | 0.70 |
Complementary Tools for Sportking Stock analysis
When running Sportking India's price analysis, check to measure Sportking India'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 Sportking India is operating at the current time. Most of Sportking India's value examination focuses on studying past and present price action to predict the probability of Sportking India's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sportking India's price. Additionally, you may evaluate how the addition of Sportking India to your portfolios can decrease your overall portfolio volatility.
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