Yiren Digital Reports Third Quarter 2024 Financial Results
| YRD Stock | USD 6.19 0.26 4.38% |
About 55% of Yirendai's shareholders are presently thinking to get in. The analysis of the overall prospects from investing in Yirendai suggests that some traders are, at the present time, interested. The current market sentiment, together with Yirendai's historical and current headlines, can help investors time the market. In addition, many technical investors use Yirendai stock news signals to limit their universe of possible portfolio assets.
PR NewswireBEIJING, Nov. 20, 2024 BEIJING, Nov. 20, 2024 PRNewswire -- Yiren Digital Ltd. , an AI-powered p
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Yirendai Fundamental Analysis
We analyze Yirendai's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Yirendai using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Yirendai 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.
Net Income
Net Income Comparative Analysis
Yirendai is currently under evaluation in net income category among its peers. Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Yirendai 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 Yirendai stock to make a market-neutral strategy. Peer analysis of Yirendai could also be used in its relative valuation, which is a method of valuing Yirendai by comparing valuation metrics with similar companies.
Peers
Yirendai Related Equities
| LU | Lufax Holding | 3.42 | ||||
| XYF | X Financial | 2.81 | ||||
| LX | Lexinfintech Holdings | 0.69 | ||||
| ENVA | Enova International | 0.61 | ||||
| QFIN | 360 Finance | 0.14 | ||||
| FINV | FinVolution | 0.47 | ||||
| ATLC | Atlanticus Holdings | 0.62 | ||||
| NAVI | Navient Corp | 0.86 | ||||
| SNTG | Sentage Holdings | 1.74 | ||||
| QD | Qudian | 2.42 |
Complementary Tools for Yirendai Stock analysis
When running Yirendai's price analysis, check to measure Yirendai'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 Yirendai is operating at the current time. Most of Yirendai's value examination focuses on studying past and present price action to predict the probability of Yirendai's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Yirendai's price. Additionally, you may evaluate how the addition of Yirendai to your portfolios can decrease your overall portfolio volatility.
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