CNH Industrial cuts 2024 profit view as soft agriculture demand bites
Slightly above 67% of International Discovery's investor base is looking to short. The analysis of overall sentiment of trading International Discovery Fund mutual fund suggests that many investors are alarmed at this time. International Discovery's investing sentiment can be driven by a variety of factors including economic data, International Discovery's earnings reports, geopolitical events, and overall market trends.
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CNH Industrial cut its annual profit forecast on Thursday, squeezed by slowing demand for its tractors and farm equipment as choppy crop prices and higher borrowing costs hinder farmers from making big-ticket farming purchases. Global crop prices have moderated while farm incomes have dwindled, setting up for a murky demand backdrop for the agriculture equipment sector as farmers pull back on big purchases such as tractors and combines. A surge in demand for agriculture equipment early last year had also seen machinery dealers bulk up on inventories, but that trend is now set to reverse as dealers look to tighten their stocks, which translates to lower margins for equipment makers like CNH.
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International Discovery Fundamental Analysis
We analyze International Discovery's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of International Discovery using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of International Discovery 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.
Three Year Return
Three Year Return Comparative Analysis
International Discovery is currently under evaluation in three year return among similar funds. Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
International Discovery 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 International Discovery mutual fund to make a market-neutral strategy. Peer analysis of International Discovery could also be used in its relative valuation, which is a method of valuing International Discovery by comparing valuation metrics with similar companies.
Peers
International Discovery Related Equities
| FAZTX | Nuveen Arizona | 0.49 | ||||
| ANAYX | Ab Global | 0.43 | ||||
| OMIAX | Federated Ohio | 0.19 | ||||
| BBINX | Bbh Intermediate | 0.19 | ||||
| PATIX | T Rowe | 0.18 | ||||
| PATFX | T Rowe | 0.18 |
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Other Consideration for investing in International Mutual Fund
If you are still planning to invest in International Discovery check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the International Discovery's history and understand the potential risks before investing.
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