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Finasko

Nifty Larger Picture is still positive. A Good Rally is Expected📉 Last 84 Days, 8% Down From Top 🚏 Short Term Trend Negative to Sideways 📌 Larger Picture is still positive as this phase is still considered as retracement to the last 24% Rally in 167 days ⚡️High Probability of a good rally in upcoming weeks ⬆️A good rally is expected once prices start sustaining above 18000-18100 zone ⬇️If prices fail to survive above 17200 then only we can have aggressive sell-off
NSE:NIFTYLong
by finasko
Why PE Ratio is the Misunderstood MetricA high P/E does not tell you that stock is overvalued and a lower P/E does not mean that stock is undervalued. P/E is simply just another metric and what it reflect is "Investor's perception about Company's Future Earnings" Its shows "How Much investors are willing to pay for every $1 of Earnings" In September 2021, Meta Platforms' stock reached a high of $385 with a PE ratio of 28. However, by March 2022, the stock had dropped almost 50% from its peak, with a PE ratio of 14. As a value investor, investing solely based on PE ratio, one may have believed that Meta Platforms was undervalued at a PE of 14, as it was historically trading at a PE of 28. However, even with the discounted price, the investment would have resulted in a loss of 40-50%.
NASDAQ:METAEducation
by finasko