ECONET WIRELESS is trading at 303.95 as of the 13th of December 2024. This is a 0.45 percent increase since the beginning of the trading day. The stock's open price was 302.6. ECONET WIRELESS has hardly any chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. The performance scores are derived for the period starting the 19th of December 2023 and ending today, the 13th of December 2024. Click here to learn more.
Although ECONET WIRELESS's alpha and beta are two of the key measurements used to evaluate ECONET WIRELESS's performance over the market, the standard measures of volatility play an important role as well.
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 ECONET WIRELESS stock to make a market-neutral strategy. Peer analysis of ECONET WIRELESS could also be used in its relative valuation, which is a method of valuing ECONET WIRELESS by comparing valuation metrics with similar companies.