XXL ASA - Invitation to presentation of the second quarter 2023 results - Marketscreener.com
| XXL Stock | NOK 10.20 0.08 0.78% |
About 62% of XXL ASA's investor base is looking to short. The analysis of current outlook of investing in XXL ASA suggests that many traders are alarmed regarding XXL ASA's prospects. XXL ASA's investing sentiment shows overall attitude of investors towards XXL ASA.
XXL ASA stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of XXL daily returns and investor perception about the current price of XXL ASA as well as its diversification or hedging effects on your existing portfolios.
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XXL ASA - Invitation to presentation of the second quarter 2023 results Marketscreener.com
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XXL ASA Fundamental Analysis
We analyze XXL ASA's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of XXL ASA using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of XXL ASA 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 Earning
Price To Earning Comparative Analysis
XXL ASA is currently under evaluation in price to earning category among its peers. Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
XXL ASA 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 XXL ASA stock to make a market-neutral strategy. Peer analysis of XXL ASA could also be used in its relative valuation, which is a method of valuing XXL ASA by comparing valuation metrics with similar companies.
Peers
XXL ASA Related Equities
| GJF | Gjensidige Forsikring | 1.24 | ||||
| TEL | Telenor ASA | 1.15 | ||||
| EPR | Europris ASA | 0.70 | ||||
| STB | Storebrand ASA | 0.33 | ||||
| DNB | DnB ASA | 0.04 |
Other Information on Investing in XXL Stock
XXL ASA financial ratios help investors to determine whether XXL 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 XXL with respect to the benefits of owning XXL ASA security.