Al Shaheer Stock Market Capitalization
| ASC Stock | 6.02 0.59 10.87% |
Al Shaheer fundamentals help investors to digest information that contributes to Al Shaheer's financial success or failures. It also enables traders to predict the movement of ASC Stock. The fundamental analysis module provides a way to measure Al Shaheer's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Al Shaheer stock.
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Al Shaheer Company Market Capitalization Analysis
Al Shaheer's Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
In most publications or references market cap is broken down into the mega-cap, large-cap, mid-cap, small-cap, micro-cap, and nano-cap. Market Cap is a measurement of business as total market value of all of the outstanding shares at a given time, and can be used to compare different companies based on their size.
| Competition |
Based on the recorded statements, the market capitalization of Al Shaheer is about 0.0. This indicator is about the same for the average (which is currently at 0.0) sector and about the same as Food Products (which currently averages 0.0) industry. This indicator is about the same for all Pakistan stocks average (which is currently at 0.0).
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About Al Shaheer Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Al Shaheer's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Al Shaheer using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Al Shaheer 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.
Please read more on our fundamental analysis page.
Pair Trading with Al Shaheer
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Al Shaheer position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Al Shaheer will appreciate offsetting losses from the drop in the long position's value.Moving together with ASC Stock
Moving against ASC Stock
| 0.81 | THCCL | Thatta Cement | PairCorr |
| 0.8 | FFL | Fauji Foods | PairCorr |
| 0.66 | MARI | Mari Petroleum Split | PairCorr |
| 0.6 | LOADS | Loads | PairCorr |
| 0.56 | KAPCO | KOT Addu Power | PairCorr |
The ability to find closely correlated positions to Al Shaheer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Al Shaheer when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Al Shaheer - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Al Shaheer to buy it.
The correlation of Al Shaheer is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Al Shaheer moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Al Shaheer moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Al Shaheer can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for ASC Stock Analysis
When running Al Shaheer's price analysis, check to measure Al Shaheer'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 Al Shaheer is operating at the current time. Most of Al Shaheer's value examination focuses on studying past and present price action to predict the probability of Al Shaheer's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Al Shaheer's price. Additionally, you may evaluate how the addition of Al Shaheer to your portfolios can decrease your overall portfolio volatility.