Grayscale Litecoin Trust Stock Price To Sales
| LTCN Stock | USD 14.25 0.94 7.06% |
Grayscale Litecoin Trust fundamentals help investors to digest information that contributes to Grayscale Litecoin Trust's financial success or failures. It also enables traders to predict the movement of Grayscale OTC Stock. The fundamental analysis module provides a way to measure Grayscale Litecoin Trust'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 Grayscale Litecoin Trust otc stock.
Grayscale |
Grayscale Litecoin Trust OTC Stock Price To Sales Analysis
Grayscale Litecoin Trust's Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
| Competition |
Based on the latest financial disclosure, Grayscale Litecoin Trust has a Price To Sales of 0.0 times. This is 100.0% lower than that of the Financial sector and about the same as Capital Markets (which currently averages 0.0) industry. The price to sales for all United States stocks is 100.0% higher than that of the company.
Grayscale Price To Sales Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Grayscale Litecoin Trust's direct or indirect competition against its Price To Sales to detect undervalued stocks with similar characteristics or determine the otc stocks which would be a good addition to a portfolio. Peer analysis of Grayscale Litecoin Trust could also be used in its relative valuation, which is a method of valuing Grayscale Litecoin Trust by comparing valuation metrics of similar companies.Grayscale Litecoin is currently under evaluation in price to sales category among its peers.
Grayscale Litecoin Trust ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Grayscale Litecoin Trust's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Grayscale Litecoin Trust's managers, analysts, and investors.Environmental | Governance | Social |
Grayscale Fundamentals
| Shares Outstanding | 16.24 M | |||
| Market Capitalization | 59.78 M |
About Grayscale Litecoin Trust Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Grayscale Litecoin Trust's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Grayscale Litecoin Trust using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Grayscale Litecoin Trust based on its fundamental data. In general, a quantitative approach, as applied to this otc stock, 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 Grayscale Litecoin Trust
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 Grayscale Litecoin Trust 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 Grayscale Litecoin Trust will appreciate offsetting losses from the drop in the long position's value.Moving together with Grayscale OTC Stock
| 0.65 | MS | Morgan Stanley Sell-off Trend | PairCorr |
| 0.61 | SCHW | Charles Schwab Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.61 | IBKR | Interactive Brokers Fiscal Year End 21st of January 2025 | PairCorr |
Moving against Grayscale OTC Stock
| 0.61 | KO | Coca Cola Sell-off Trend | PairCorr |
| 0.6 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.51 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.49 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.39 | PG | Procter Gamble | PairCorr |
The ability to find closely correlated positions to Grayscale Litecoin Trust could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Grayscale Litecoin Trust 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 Grayscale Litecoin Trust - 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 Grayscale Litecoin Trust to buy it.
The correlation of Grayscale Litecoin Trust 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 Grayscale Litecoin Trust moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grayscale Litecoin Trust 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 Grayscale Litecoin Trust 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.Other Information on Investing in Grayscale OTC Stock
Grayscale Litecoin Trust financial ratios help investors to determine whether Grayscale OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Grayscale with respect to the benefits of owning Grayscale Litecoin Trust security.