ASC Financial Statements From 2010 to 2025
| ASC Stock | 7.23 0.17 2.30% |
Check Al Shaheer financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Al Shaheer's main balance sheet or income statement drivers, such as , as well as many indicators such as . ASC financial statements analysis is a perfect complement when working with Al Shaheer Valuation or Volatility modules.
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About Al Shaheer Financial Statements
Al Shaheer shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Al Shaheer investors may analyze each financial statement separately, they are all interrelated. The changes in Al Shaheer's assets and liabilities, for example, are also reflected in the revenues and expenses on on Al Shaheer's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Pair Trading with Al Shaheer
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 Al Shaheer 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 Al Shaheer will appreciate offsetting losses from the drop in the long position's value.Moving together with ASC Stock
| 0.75 | FFL | Fauji Foods | PairCorr |
| 0.74 | KSBP | KSB Pumps | PairCorr |
| 0.76 | MARI | Mari Petroleum | PairCorr |
| 0.71 | LOADS | Loads | PairCorr |
The ability to find closely correlated positions to Al Shaheer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Al Shaheer 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 Al Shaheer - 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 Al Shaheer to buy it.
The correlation of Al Shaheer 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 Al Shaheer moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Al Shaheer 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 Al Shaheer 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.Additional Tools for ASC Stock Analysis
When running Al Shaheer's price analysis, check to measure Al Shaheer's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Al Shaheer is operating at the current time. Most of Al Shaheer's value examination focuses on studying past and present price action to predict the probability of Al Shaheer's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Al Shaheer's price. Additionally, you may evaluate how the addition of Al Shaheer to your portfolios can decrease your overall portfolio volatility.