Peerless Equity Fundamental Relationships

135657 -- India Fund  

INR 13.56  0.48  3.42%

The Drivers Module shows relationships between Peerless Equity's most relevant fundamental drivers and provides multiple suggestions of what could possibly affect the performance of Peerless Equity Half Yrly Div over time as well as its relative position and ranking within its peers. Check also Trending Equities.

Peerless Equity Half Cash Position Weight vs. Price to Book Fundamental Analysis

Peerless Equity Half Yrly Div is second largest fund in price to book among similar funds. It is rated below average in cash position weight among similar funds creating about  0.98  of Cash Position Weight per Price to Book. The ratio of Price to Book to Cash Position Weight for Peerless Equity Half Yrly Div is roughly  1.02 
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 accounting value of assets minus liabilities.
Peerless Equity 
P/B 
 = 
MV Per Share 
BV Per Share 
=
2.91X
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Percentage of fund asset invested in cash equivalents or risk free instruments. About 40% of all global funds carry cash on their balance sheet.
Peerless Equity 
Cash Percentage 
 = 
% of Cash 
 
in the fund 
=
2.84%
Funds or Etfs that have over 40% of their value invested in low risk instruments or cash equivalents typically attract conservative investors.

Peerless Equity Half Cash Position Weight Comparison

Peerless Equity is currently under evaluation in cash position weight among similar funds.

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