Why this ASX mining stock just got a huge broker upgrade - MSN
| WA1 Stock | 13.38 0.92 7.38% |
Slightly above 55% of WA1 Resources' private investors are presently thinking to get in. The current sentiment regarding investing in WA1 Resources stock implies that some traders are interested. WA1 Resources' investing sentiment can be driven by a variety of factors including economic data, WA1 Resources' earnings reports, geopolitical events, and overall market trends.
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Why this ASX mining stock just got a huge broker upgrade MSN
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WA1 Resources Fundamental Analysis
We analyze WA1 Resources' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of WA1 Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of WA1 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
WA1 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.
WA1 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 WA1 Resources stock to make a market-neutral strategy. Peer analysis of WA1 Resources could also be used in its relative valuation, which is a method of valuing WA1 Resources by comparing valuation metrics with similar companies.
Peers
WA1 Resources Related Equities
| PRU | Perseus Mining | 3.70 | ||||
| EVN | Evolution Mining | 3.55 | ||||
| NST | Northern Star | 2.72 | ||||
| BSL | Bluescope Steel | 0.76 | ||||
| SFR | Sandfire Resources | 0.19 | ||||
| ATM | Aneka Tambang | 2.00 | ||||
| AAI | Alcoa | 2.99 |
Additional Tools for WA1 Stock Analysis
When running WA1 Resources' price analysis, check to measure WA1 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 WA1 Resources is operating at the current time. Most of WA1 Resources' value examination focuses on studying past and present price action to predict the probability of WA1 Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WA1 Resources' price. Additionally, you may evaluate how the addition of WA1 Resources to your portfolios can decrease your overall portfolio volatility.