Fundamental Strategies in Active Equity Investing

Active equity investing encompasses a range of strategies aimed at outperforming the market through research, analysis, and skillful selection of stocks. One fundamental approach within active equity investing is the fundamental strategy, which focuses on analyzing a company's financials, industry position, and economic environment to identify undervalued or overvalued stocks.

In this context, discuss three key aspects of fundamental strategies in active equity investing, highlighting how each aspect contributes to investment decision-making and the potential for generating alpha. Additionally, include examples of metrics or indicators used in this analysis.