Millat Tractors Stock Debt To Equity
| MTL Stock | 611.92 12.52 2.00% |
Millat Tractors fundamentals help investors to digest information that contributes to Millat Tractors' financial success or failures. It also enables traders to predict the movement of Millat Stock. The fundamental analysis module provides a way to measure Millat Tractors' 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 Millat Tractors stock.
Millat |
Millat Tractors Company Debt To Equity Analysis
Millat Tractors' Debt to Equity is calculated by dividing the Total Debt of a company by its Equity. If the debt exceeds equity of a company, then the creditors have more stakes in a firm than the stockholders. In other words, Debt to Equity ratio provides analysts with insights about composition of both equity and debt, and its influence on the valuation of the company.
High Debt to Equity ratio typically indicates that a firm has been borrowing aggressively to finance its growth and as a result may experience a burden of additional interest expense. This may reduce earnings or future growth. On the other hand a small D/E ratio may indicate that a company is not taking enough advantage from financial leverage. Debt to Equity ratio measures how the company is leveraging borrowing against the capital invested by the owners.
| Competition |
According to the company disclosure, Millat Tractors has a Debt To Equity of 0.0%. This is 100.0% lower than that of the Industrials sector and 100.0% lower than that of the Machinery industry. The debt to equity for all Pakistan stocks is 100.0% higher than that of the company.
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Millat Fundamentals
| Revenue | 55.01 B | |||
| EBITDA | 10.14 B | |||
| Net Income | 5.37 B | |||
| Total Debt | 69.26 M | |||
| Cash Flow From Operations | 30.42 M | |||
| Total Asset | 24.18 B | |||
| Z Score | 2.0 | |||
| Net Asset | 24.18 B |
About Millat Tractors Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Millat Tractors's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Millat Tractors using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Millat Tractors 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 Millat Tractors
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 Millat Tractors 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 Millat Tractors will appreciate offsetting losses from the drop in the long position's value.Moving together with Millat Stock
| 0.8 | OGDC | Oil and Gas | PairCorr |
| 0.8 | PSO | Pakistan State Oil | PairCorr |
| 0.85 | PPL | Pakistan Petroleum | PairCorr |
| 0.84 | FFC | Fauji Fertilizer | PairCorr |
| 0.73 | HBL | Habib Bank | PairCorr |
The ability to find closely correlated positions to Millat Tractors could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Millat Tractors 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 Millat Tractors - 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 Millat Tractors to buy it.
The correlation of Millat Tractors 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 Millat Tractors moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Millat Tractors 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 Millat Tractors 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 Millat Stock Analysis
When running Millat Tractors' price analysis, check to measure Millat Tractors' 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 Millat Tractors is operating at the current time. Most of Millat Tractors' value examination focuses on studying past and present price action to predict the probability of Millat Tractors' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Millat Tractors' price. Additionally, you may evaluate how the addition of Millat Tractors to your portfolios can decrease your overall portfolio volatility.