Artistic Denim Mills Stock EBITDA
| ADMM Stock | 47.06 0.11 0.23% |
Artistic Denim Mills fundamentals help investors to digest information that contributes to Artistic Denim's financial success or failures. It also enables traders to predict the movement of Artistic Stock. The fundamental analysis module provides a way to measure Artistic Denim'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 Artistic Denim stock.
Artistic |
Artistic Denim Mills Company EBITDA Analysis
Artistic Denim'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.
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According to the company disclosure, Artistic Denim Mills reported earnings before interest,tax, depreciation and amortization of 0.0. This indicator is about the same for the average (which is currently at 0.0) sector and about the same as Textiles, Apparel & Luxury Goods (which currently averages 0.0) industry. This indicator is about the same for all Pakistan stocks average (which is currently at 0.0).
Artistic EBITDA Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Artistic Denim'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 Artistic Denim could also be used in its relative valuation, which is a method of valuing Artistic Denim by comparing valuation metrics of similar companies.Artistic Denim is currently under evaluation in ebitda category among its peers.
About Artistic Denim Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Artistic Denim Mills's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Artistic Denim using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Artistic Denim 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 Artistic Denim
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 Artistic Denim 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 Artistic Denim will appreciate offsetting losses from the drop in the long position's value.Moving together with Artistic Stock
| 0.78 | HBL | Habib Bank | PairCorr |
| 0.83 | UBL | United Bank | PairCorr |
| 0.72 | MCB | MCB Bank | PairCorr |
| 0.78 | ABL | Allied Bank | PairCorr |
The ability to find closely correlated positions to Artistic Denim could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Artistic Denim 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 Artistic Denim - 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 Artistic Denim Mills to buy it.
The correlation of Artistic Denim 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 Artistic Denim moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Artistic Denim 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 Artistic Denim 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 Artistic Stock
Artistic Denim financial ratios help investors to determine whether Artistic 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 Artistic with respect to the benefits of owning Artistic Denim security.