Millat Tractors EBITDA vs. Net Asset
| MTL Stock | 611.92 12.52 2.00% |
For Millat Tractors profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Millat Tractors to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Millat Tractors utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Millat Tractors's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Millat Tractors over time as well as its relative position and ranking within its peers.
Millat |
Millat Tractors Net Asset vs. EBITDA Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Millat Tractors's current stock value. Our valuation model uses many indicators to compare Millat Tractors value to that of its competitors to determine the firm's financial worth. Millat Tractors is considered to be number one stock in ebitda category among its peers. It also is considered to be number one stock in net asset category among its peers making up about 2.38 of Net Asset per EBITDA. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Millat Tractors' earnings, one of the primary drivers of an investment's value.Millat Net Asset vs. EBITDA
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.
Millat Tractors |
| = | 10.14 B |
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.
Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Millat Tractors |
| = | 24.18 B |
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
Millat Net Asset Comparison
Millat Tractors is currently under evaluation in net asset category among its peers.
Millat Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Millat Tractors. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Millat Tractors position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Millat Tractors' important profitability drivers and their relationship over time.
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Use Millat Tractors in pair-trading
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.Millat Tractors Pair Trading
Millat Tractors Pair Trading Analysis
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.Use Investing Themes to Complement your Millat Tractors position
In addition to having Millat Tractors in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Corporate Bonds Funds Thematic Idea Now
Corporate Bonds Funds
Funds or Etfs investing in different types of corporate debt instruments. The Corporate Bonds Funds theme has 46 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Corporate Bonds Funds Theme or any other thematic opportunities.
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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.