Nimir Industrial Chemical Stock EBITDA
| NICL Stock | 130.00 3.00 2.26% |
Nimir Industrial Chemical fundamentals help investors to digest information that contributes to Nimir Industrial's financial success or failures. It also enables traders to predict the movement of Nimir Stock. The fundamental analysis module provides a way to measure Nimir Industrial'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 Nimir Industrial stock.
Nimir |
Nimir Industrial Chemical Company EBITDA Analysis
Nimir Industrial's EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
| Competition |
According to the company disclosure, Nimir Industrial Chemical reported earnings before interest,tax, depreciation and amortization of 0.0. This is 100.0% lower than that of the Basic Materials sector and 100.0% lower than that of the Chemicals industry. The ebitda for all Pakistan stocks is 100.0% higher than that of the company.
Nimir EBITDA Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Nimir Industrial's direct or indirect competition against its EBITDA to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Nimir Industrial could also be used in its relative valuation, which is a method of valuing Nimir Industrial by comparing valuation metrics of similar companies.Nimir Industrial is currently under evaluation in ebitda category among its peers.
About Nimir Industrial Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Nimir Industrial Chemical's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nimir Industrial using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nimir Industrial Chemical 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 Nimir Industrial
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 Nimir Industrial 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 Nimir Industrial will appreciate offsetting losses from the drop in the long position's value.Moving together with Nimir Stock
| 0.75 | OGDC | Oil and Gas | PairCorr |
| 0.79 | PSO | Pakistan State Oil | PairCorr |
| 0.82 | PPL | Pakistan Petroleum | PairCorr |
| 0.72 | LUCK | Lucky Cement | PairCorr |
Moving against Nimir Stock
The ability to find closely correlated positions to Nimir Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nimir Industrial 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 Nimir Industrial - 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 Nimir Industrial Chemical to buy it.
The correlation of Nimir Industrial 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 Nimir Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nimir Industrial Chemical 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 Nimir Industrial 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 Nimir Stock
Nimir Industrial financial ratios help investors to determine whether Nimir 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 Nimir with respect to the benefits of owning Nimir Industrial security.