Alumina Limited Current Valuation vs. Debt to Equity
| AWCMY Stock | USD 3.97 0.04 1.02% |
For Alumina Limited profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Alumina Limited to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Alumina Limited PK utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Alumina Limited's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Alumina Limited PK over time as well as its relative position and ranking within its peers.
Alumina |
Alumina Limited PK Debt to Equity vs. Current Valuation Fundamental Analysis
Alumina Current Valuation vs. Competition
Alumina Limited PK is the top company in current valuation category among related companies. After adjusting for long-term liabilities, total market size of Materials industry is presently estimated at about 6.61 Billion. Alumina Limited totals roughly 3.18 Billion in current valuation claiming about 48% of all equities under Materials industry.
Alumina Debt to Equity vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Alumina Limited |
| = | 3.18 B |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Alumina Limited | = | null |
Use Alumina Limited 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 Alumina Limited 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 Alumina Limited will appreciate offsetting losses from the drop in the long position's value.Alumina Limited Pair Trading
Alumina Limited PK Pair Trading Analysis
The ability to find closely correlated positions to Alumina Limited could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alumina Limited 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 Alumina Limited - 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 Alumina Limited PK to buy it.
The correlation of Alumina Limited 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 Alumina Limited moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alumina Limited PK 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 Alumina Limited 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 Alumina Limited position
In addition to having Alumina Limited 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 Heavy Metals Thematic Idea Now
Heavy Metals
Companies involved in mining, production, and distribution of various industrial metals and minerals. The Heavy Metals theme has 48 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 Heavy Metals Theme or any other thematic opportunities.
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Check out Trending Equities. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
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When running Alumina Limited's price analysis, check to measure Alumina Limited's 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 Alumina Limited is operating at the current time. Most of Alumina Limited's value examination focuses on studying past and present price action to predict the probability of Alumina Limited's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alumina Limited's price. Additionally, you may evaluate how the addition of Alumina Limited to your portfolios can decrease your overall portfolio volatility.
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To fully project Alumina Limited's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Alumina Limited PK at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Alumina Limited's income statement, its balance sheet, and the statement of cash flows.