WAJAX ANNOUNCES 2024 THIRD QUARTER RESULTS AND CHIEF FINANCIAL OFFICER SUCCESSION - Canada NewsWire
| WJX Stock | CAD 21.68 0.37 1.74% |
About 52% of Wajax's investors are presently thinking to get in. The analysis of overall sentiment of trading Wajax stock suggests that some investors are interested at this time. Wajax's investing sentiment overview a quick insight into current market opportunities from investing in Wajax. Many technical investors use Wajax stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Wajax |
WAJAX ANNOUNCES 2024 THIRD QUARTER RESULTS AND CHIEF FINANCIAL OFFICER SUCCESSION Canada NewsWire
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Wajax Fundamental Analysis
We analyze Wajax's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Wajax using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Wajax 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.
Price To Book
Price To Book Comparative Analysis
Wajax is currently under evaluation in price to book category among its peers. Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Wajax 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 Wajax stock to make a market-neutral strategy. Peer analysis of Wajax could also be used in its relative valuation, which is a method of valuing Wajax by comparing valuation metrics with similar companies.
Peers
Wajax Related Equities
| FTT | Finning International | 3.04 | ||||
| AFN | Ag Growth | 1.75 | ||||
| RUS | Russel Metals | 1.54 | ||||
| MTL | Mullen | 0.85 | ||||
| BDT | Bird Construction | 0.23 |
Other Information on Investing in Wajax Stock
Wajax financial ratios help investors to determine whether Wajax Stock 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 Wajax with respect to the benefits of owning Wajax security.