YES Bank shares slump 23 percent from one-year high level stock looked weak on charts, say analysts - Business Today
| YESBANK Stock | 19.21 0.08 0.42% |
About 56% of Yes Bank's investor base is looking to short. The analysis of overall sentiment of trading Yes Bank Limited stock suggests that many investors are alarmed at this time. Yes Bank's investing sentiment shows overall attitude of investors towards Yes Bank Limited.
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YES Bank shares slump 23 percent from one-year high level stock looked weak on charts, say analysts Business Today
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Yes Bank Fundamental Analysis
We analyze Yes Bank's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Yes Bank using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Yes Bank 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
Yes Bank 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.
Yes Bank Limited 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 Yes Bank stock to make a market-neutral strategy. Peer analysis of Yes Bank could also be used in its relative valuation, which is a method of valuing Yes Bank by comparing valuation metrics with similar companies.
Peers
Yes Bank Related Equities
| GMBREW | GM Breweries | 1.90 | ||||
| HINDWAREAP | Hindware Home | 1.71 | ||||
| HOMEFIRST | Home First | 1.60 | ||||
| DHARSUGAR | Dharani SugarsChemicals | 0.00 | ||||
| DMCC | DMCC SPECIALITY | 0.50 | ||||
| KANORICHEM | Kanoria Chemicals | 0.85 | ||||
| TECILCHEM | TECIL Chemicals | 1.91 |
Other Information on Investing in Yes Stock
Yes Bank financial ratios help investors to determine whether Yes 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 Yes with respect to the benefits of owning Yes Bank security.