Basic Chemical (Saudi Arabia) Today

1210 Stock  SAR 33.65  0.25  0.74%   

Market Performance

0 of 100


Odds Of Distress

Less than 1

Basic Chemical is selling at 33.65 as of the 2nd of October 2023; that is -0.74 percent down since the beginning of the trading day. The stock's lowest day price was 33.65. Basic Chemical has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Basic Chemical Industries are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 2nd of September 2023 and ending today, the 2nd of October 2023. Click here to learn more.
Basic Chemical Industries Company manufactures and sells chemicals primarily in the Kingdom of Saudi Arabia. Basic Chemical Industries Company was incorporated in 1973 and is headquartered in Dammam, the Kingdom of Saudi Arabia. Basic Chemical is traded on Commodity Exchange in Exotistan.. The company has 27.5 M outstanding shares. More on Basic Chemical Industries

Moving together with Basic Stock

+0.819536Arabian Food DairyPairCorr
+0.716014Alamar Foods CJSCPairCorr

Moving against Basic Stock

-0.869535Ladun InvestmentPairCorr
-0.784162Almunajem FoodsPairCorr
-0.612240Zamil Industrial InvPairCorr

Basic Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Basic Chemical's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Basic Chemical or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Thematic IdeaSynthetics (view all)
Macroaxis Advice
The buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Basic Chemical's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Cautious HoldUndervalued
Basic Chemical Industries (1210) is traded on Saudi Arabia Exchange in Saudi Arabia and employs 7 people. The company currently falls under 'Small-Cap' category with a current market capitalization of 932.25 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Basic Chemical's market, we take the total number of its shares issued and multiply it by Basic Chemical's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Basic Chemical Industries operates under Basic Materials sector and is part of Chemicals industry. The entity has 27.5 M outstanding shares. Basic Chemical Industries has accumulated about 99.93 M in cash with 40.3 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.63.
Check Basic Chemical Probability Of Bankruptcy
Basic Chemical holds a total of twenty-seven million five hundred thousand outstanding shares. Basic Chemical Industries retains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Please note that no matter how much assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.

Ownership Allocation

Check Basic Ownership Details

Basic Stock Price Odds Analysis

In regard to a normal probability distribution, the odds of Basic Chemical jumping above the current price in 90 days from now is about 90.64%. The Basic Chemical Industries probability density function shows the probability of Basic Chemical stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Basic Chemical has a beta of 0.1742. This suggests as returns on the market go up, Basic Chemical average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Basic Chemical Industries will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Basic Chemical Industries is significantly underperforming NYSE Composite.
  Odds Below 33.65HorizonTargetOdds Above 33.65
9.26%90 days
Based on a normal probability distribution, the odds of Basic Chemical to move above the current price in 90 days from now is about 90.64 (This Basic Chemical Industries probability density function shows the probability of Basic Stock to fall within a particular range of prices over 90 days) .

Basic Chemical Historical Income Statement

Basic Chemical Industries Income Statement is one of the three primary financial statements used for reporting Basic's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Basic Chemical Industries revenue and expense. Basic Chemical Income Statement primarily focuses on the company's revenues and expenses during a particular period.
As of 10/02/2023, Direct Expenses is likely to grow to about 488.9 M. Also, Net Income is likely to grow to about 51.1 M View More Fundamentals

Basic Stock Against Markets

Picking the right benchmark for Basic Chemical stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Basic Chemical stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Basic Chemical is critical whether you are bullish or bearish towards Basic Chemical Industries at a given time. Please also check how Basic Chemical's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Basic Chemical without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Basic Chemical Corporate Management

Elected by the shareholders, the Basic Chemical's board of directors comprises two types of representatives: Basic Chemical inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Basic. The board's role is to monitor Basic Chemical's management team and ensure that shareholders' interests are well served. Basic Chemical's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Basic Chemical's outside directors are responsible for providing unbiased perspectives on the board's policies.

How to buy Basic Stock?

Before investing in Basic Chemical, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Basic Chemical. To buy Basic Chemical stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Basic Chemical. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Basic Chemical stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Basic Chemical Industries stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Basic Chemical Industries stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Basic Chemical Industries, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in Basic Chemical Industries?

The danger of trading Basic Chemical Industries is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Basic Chemical is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Basic Chemical. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Basic Chemical Industries is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Basic Chemical Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

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When running Basic Chemical's price analysis, check to measure Basic Chemical'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 Basic Chemical is operating at the current time. Most of Basic Chemical's value examination focuses on studying past and present price action to predict the probability of Basic Chemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Basic Chemical's price. Additionally, you may evaluate how the addition of Basic Chemical to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Basic Chemical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Basic Chemical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Basic Chemical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.