Lucky Cement Stock Net Asset
| LUCK Stock | 998.78 28.11 2.74% |
Lucky Cement fundamentals help investors to digest information that contributes to Lucky Cement's financial success or failures. It also enables traders to predict the movement of Lucky Stock. The fundamental analysis module provides a way to measure Lucky Cement'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 Lucky Cement stock.
Lucky |
Lucky Cement Company Net Asset Analysis
Lucky Cement's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current Lucky Cement Net Asset | 503.69 B |
Most of Lucky Cement's fundamental indicators, such as Net Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Lucky Cement is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
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Based on the recorded statements, Lucky Cement has a Net Asset of 503.69 B. This is much higher than that of the Basic Materials sector and significantly higher than that of the Construction Materials industry. The net asset for all Pakistan stocks is notably lower than that of the firm.
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Lucky Fundamentals
| Revenue | 332.92 B | |||
| EBITDA | 65.26 B | |||
| Net Income | 29.5 B | |||
| Total Debt | 127.87 B | |||
| Cash Flow From Operations | (29.48 B) | |||
| Total Asset | 503.69 B | |||
| Net Asset | 503.69 B |
About Lucky Cement Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Lucky Cement's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Lucky Cement using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Lucky Cement 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 Lucky Cement
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 Lucky Cement 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 Lucky Cement will appreciate offsetting losses from the drop in the long position's value.Moving together with Lucky Stock
| 0.84 | OGDC | Oil and Gas | PairCorr |
| 0.83 | PSO | Pakistan State Oil | PairCorr |
| 0.82 | PPL | Pakistan Petroleum | PairCorr |
| 0.79 | FFC | Fauji Fertilizer | PairCorr |
The ability to find closely correlated positions to Lucky Cement could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lucky Cement 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 Lucky Cement - 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 Lucky Cement to buy it.
The correlation of Lucky Cement 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 Lucky Cement moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lucky Cement 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 Lucky Cement 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 Lucky Stock
Lucky Cement financial ratios help investors to determine whether Lucky 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 Lucky with respect to the benefits of owning Lucky Cement security.