Ittehad Chemicals Stock EBITDA
| ICL Stock | 71.27 0.88 1.25% |
Ittehad Chemicals fundamentals help investors to digest information that contributes to Ittehad Chemicals' financial success or failures. It also enables traders to predict the movement of Ittehad Stock. The fundamental analysis module provides a way to measure Ittehad Chemicals' 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 Ittehad Chemicals stock.
Ittehad |
Ittehad Chemicals Company EBITDA Analysis
Ittehad Chemicals' 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, Ittehad Chemicals 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.
Ittehad EBITDA Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ittehad Chemicals' 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 Ittehad Chemicals could also be used in its relative valuation, which is a method of valuing Ittehad Chemicals by comparing valuation metrics of similar companies.Ittehad Chemicals is currently under evaluation in ebitda category among its peers.
About Ittehad Chemicals Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Ittehad Chemicals's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ittehad Chemicals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ittehad Chemicals 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 Ittehad Chemicals
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 Ittehad Chemicals 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 Ittehad Chemicals will appreciate offsetting losses from the drop in the long position's value.Moving together with Ittehad Stock
| 0.92 | FFL | Fauji Foods | PairCorr |
| 0.74 | KSBP | KSB Pumps | PairCorr |
| 0.72 | MARI | Mari Petroleum Split | PairCorr |
| 0.84 | LOADS | Loads | PairCorr |
The ability to find closely correlated positions to Ittehad Chemicals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ittehad Chemicals 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 Ittehad Chemicals - 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 Ittehad Chemicals to buy it.
The correlation of Ittehad Chemicals 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 Ittehad Chemicals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ittehad Chemicals 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 Ittehad Chemicals 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 Ittehad Stock Analysis
When running Ittehad Chemicals' price analysis, check to measure Ittehad Chemicals' 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 Ittehad Chemicals is operating at the current time. Most of Ittehad Chemicals' value examination focuses on studying past and present price action to predict the probability of Ittehad Chemicals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ittehad Chemicals' price. Additionally, you may evaluate how the addition of Ittehad Chemicals to your portfolios can decrease your overall portfolio volatility.