Al Shaheer Stock Total Debt
| 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 Total Debt Analysis
Al Shaheer's Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
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Based on the latest financial disclosure, Al Shaheer has a Total Debt of 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).
ASC Total Debt Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Al Shaheer's direct or indirect competition against its Total Debt to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Al Shaheer could also be used in its relative valuation, which is a method of valuing Al Shaheer by comparing valuation metrics of similar companies.Al Shaheer is currently under evaluation in total debt category among its peers.
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.