Grayscale Litecoin Trust Stock Book Value Per Share

LTCN Stock  USD 9.21  0.87  8.63%   
Grayscale Litecoin Trust fundamentals help investors to digest information that contributes to Grayscale Litecoin Trust's financial success or failures. It also enables traders to predict the movement of Grayscale OTC Stock. The fundamental analysis module provides a way to measure Grayscale Litecoin Trust'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 Grayscale Litecoin Trust otc stock.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Grayscale Litecoin Trust OTC Stock Book Value Per Share Analysis

Grayscale Litecoin Trust's Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.

Book Value per Share

 = 

Common Equity

Average Shares

More About Book Value Per Share | All Equity Analysis
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
Competition

In accordance with the recently published financial statements, the book value per share of Grayscale Litecoin Trust is about 0.0 times. This is 100.0% lower than that of the Financial sector and about the same as Capital Markets (which currently averages 0.0) industry. The book value per share for all United States stocks is 100.0% higher than that of the company.

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Grayscale Fundamentals

About Grayscale Litecoin Trust Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Grayscale Litecoin Trust's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Grayscale Litecoin Trust using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Grayscale Litecoin Trust based on its fundamental data. In general, a quantitative approach, as applied to this otc stock, 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 Grayscale Litecoin Trust

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 Grayscale Litecoin Trust 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 Grayscale Litecoin Trust will appreciate offsetting losses from the drop in the long position's value.

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The ability to find closely correlated positions to Grayscale Litecoin Trust could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Grayscale Litecoin Trust 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 Grayscale Litecoin Trust - 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 Grayscale Litecoin Trust to buy it.
The correlation of Grayscale Litecoin Trust 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 Grayscale Litecoin Trust moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grayscale Litecoin Trust 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 Grayscale Litecoin Trust 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Grayscale OTC Stock

Grayscale Litecoin Trust financial ratios help investors to determine whether Grayscale OTC 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 Grayscale with respect to the benefits of owning Grayscale Litecoin Trust security.