Equities Analysts Set Expectations for Watsco, Inc.s Q2 2024 Earnings - Defense World
About 67% of WATSCO INC's investor base is looking to short. The analysis of the overall prospects from investing in WATSCO INC suggests that many traders are, at the present time, alarmed. The current market sentiment, together with WATSCO INC's historical and current headlines, can help investors time the market. In addition, many technical investors use WATSCO INC stock news signals to limit their universe of possible portfolio assets.
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Equities Analysts Set Expectations for Watsco, Inc.s Q2 2024 Earnings Defense World
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WATSCO INC Fundamental Analysis
We analyze WATSCO INC's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of WATSCO INC using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of WATSCO INC 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.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
WATSCO INC is currently under evaluation in probability of bankruptcy category among its peers. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
WATSCO INC 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 WATSCO INC stock to make a market-neutral strategy. Peer analysis of WATSCO INC could also be used in its relative valuation, which is a method of valuing WATSCO INC by comparing valuation metrics with similar companies.
Peers
WATSCO INC Related Equities
| EVI | EVI Industries | 0.90 | ||||
| GIC | Global Industrial | 0.46 | ||||
| FERG | Ferguson Plc | 0.36 | ||||
| DSGR | Distribution Solutions | 0.26 | ||||
| DXPE | DXP Enterprises | 0.05 | ||||
| FAST | Fastenal | 0.46 | ||||
| MSM | MSC Industrial | 0.47 | ||||
| BXC | BlueLinx Holdings | 0.61 | ||||
| GWW | WW Grainger | 0.94 | ||||
| AIT | Applied Industrial | 2.35 |
Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Other Tools for WATSCO Stock
When running WATSCO INC's price analysis, check to measure WATSCO INC'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 WATSCO INC is operating at the current time. Most of WATSCO INC's value examination focuses on studying past and present price action to predict the probability of WATSCO INC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WATSCO INC's price. Additionally, you may evaluate how the addition of WATSCO INC to your portfolios can decrease your overall portfolio volatility.
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