Zahidjee Textile Mills Stock Net Income
| ZAHID Stock | 30.15 1.77 6.24% |
ZAHIDJEE Textile Mills fundamentals help investors to digest information that contributes to ZAHIDJEE Textile's financial success or failures. It also enables traders to predict the movement of ZAHIDJEE Stock. The fundamental analysis module provides a way to measure ZAHIDJEE Textile'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 ZAHIDJEE Textile stock.
ZAHIDJEE |
ZAHIDJEE Textile Mills Company Net Income Analysis
ZAHIDJEE Textile'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.
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, ZAHIDJEE Textile Mills reported net income of 0.0. This indicator is about the same for the Consumer Cyclicals average (which is currently at 0.0) sector and about the same as Textiles & Apparel (which currently averages 0.0) industry. This indicator is about the same for all Pakistan stocks average (which is currently at 0.0).
ZAHIDJEE Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ZAHIDJEE Textile's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of ZAHIDJEE Textile could also be used in its relative valuation, which is a method of valuing ZAHIDJEE Textile by comparing valuation metrics of similar companies.ZAHIDJEE Textile is currently under evaluation in net income category among its peers.
About ZAHIDJEE Textile Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ZAHIDJEE Textile Mills's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ZAHIDJEE Textile using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ZAHIDJEE Textile Mills 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 ZAHIDJEE Textile
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 ZAHIDJEE Textile 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 ZAHIDJEE Textile will appreciate offsetting losses from the drop in the long position's value.Moving against ZAHIDJEE Stock
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| 0.57 | LOADS | Loads | PairCorr |
| 0.43 | FFL | Fauji Foods | PairCorr |
| 0.32 | KAPCO | KOT Addu Power | PairCorr |
The ability to find closely correlated positions to ZAHIDJEE Textile could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ZAHIDJEE Textile 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 ZAHIDJEE Textile - 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 ZAHIDJEE Textile Mills to buy it.
The correlation of ZAHIDJEE Textile 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 ZAHIDJEE Textile moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ZAHIDJEE Textile Mills 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 ZAHIDJEE Textile 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 ZAHIDJEE Stock
ZAHIDJEE Textile financial ratios help investors to determine whether ZAHIDJEE 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 ZAHIDJEE with respect to the benefits of owning ZAHIDJEE Textile security.