Mughal Iron Steel Stock Net Income
| MUGHAL Stock | 69.77 0.59 0.85% |
Mughal Iron Steel fundamentals help investors to digest information that contributes to Mughal Iron's financial success or failures. It also enables traders to predict the movement of Mughal Stock. The fundamental analysis module provides a way to measure Mughal Iron'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 Mughal Iron stock.
Mughal |
Mughal Iron Steel Company Net Income Analysis
Mughal Iron's Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current Mughal Iron Net Income | 5.41 B |
Most of Mughal Iron's fundamental indicators, such as Net Income, 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, Mughal Iron Steel is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Based on the recorded statements, Mughal Iron Steel reported net income of 5.41 B. This is much higher than that of the Materials sector and significantly higher than that of the Metals & Mining industry. The net income for all Pakistan stocks is notably lower than that of the firm.
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Fundamental AnalysisView fundamental data based on most recent published financial statements |
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Mughal Fundamentals
| Revenue | 66.15 B | |||
| EBITDA | 9.19 B | |||
| Net Income | 5.41 B | |||
| Total Debt | 4.03 B | |||
| Cash Flow From Operations | 2.48 B | |||
| Total Asset | 53.09 B | |||
| Z Score | 1.0 | |||
| Net Asset | 53.09 B |
About Mughal Iron Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Mughal Iron Steel's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Mughal Iron using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Mughal Iron Steel 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 Mughal Iron
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 Mughal Iron 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 Mughal Iron will appreciate offsetting losses from the drop in the long position's value.Moving together with Mughal Stock
Moving against Mughal Stock
| 0.85 | LUCK | Lucky Cement | PairCorr |
| 0.85 | FFC | Fauji Fertilizer | PairCorr |
| 0.81 | BWCL | Bestway Cement | PairCorr |
| 0.78 | FCCL | Fauji Cement | PairCorr |
| 0.72 | PTC | Pakistan Telecommunicatio | PairCorr |
The ability to find closely correlated positions to Mughal Iron could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mughal Iron 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 Mughal Iron - 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 Mughal Iron Steel to buy it.
The correlation of Mughal Iron 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 Mughal Iron moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mughal Iron Steel 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 Mughal Iron 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 Mughal Stock
Mughal Iron financial ratios help investors to determine whether Mughal 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 Mughal with respect to the benefits of owning Mughal Iron security.