Saudi Arabian (Saudi Arabia) Today

2160 Stock  SAR 44.80  0.30  0.67%   


0 of 100

Very Weak

Odds Of Distress

Less than 21

Saudi Arabian is selling at 44.80 as of the 7th of December 2023; that is 0.67% increase since the beginning of the trading day. The stock's lowest day price was 44.0. Saudi Arabian has about a 21 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Saudi Arabian Amiantit are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 7th of November 2023 and ending today, the 7th of December 2023. Click here to learn more.
The Saudi Arabian Amiantit Company, together with its subsidiaries, manufactures and sells various types of pipes and related products in the Kingdom of Saudi Arabia. The Saudi Arabian Amiantit Company was founded in 1968 and is headquartered in Dammam, Saudi Arabia. The company has 9.9 M outstanding shares. More on Saudi Arabian Amiantit

Moving together with Saudi Stock

+0.769514Mohammed Hasan AlNaqoolPairCorr
+0.711111Saudi Tadawul GroupPairCorr

Moving against Saudi Stock

-0.552082International CompanyPairCorr
Follow Valuation Odds of Bankruptcy
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Saudi 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. Saudi Arabian's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Saudi Arabian or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
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 Saudi Arabian's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong SellOvervalued
Saudi Arabian Amiantit (2160) is traded on Saudi Arabia Exchange in Saudi Arabia and employs 5 people. The company currently falls under 'Small-Cap' category with a current market capitalization of 391.05 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Saudi Arabian's market, we take the total number of its shares issued and multiply it by Saudi Arabian'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. Saudi Arabian Amiantit operates under Basic Materials sector and is part of Building Materials industry. The entity has 9.9 M outstanding shares. Saudi Arabian Amiantit has accumulated about 75.14 M in cash with 21.5 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.77.
Check Saudi Arabian Probability Of Bankruptcy
Saudi Arabian maintains a total of 9.9 Million outstanding shares. Saudi Arabian Amiantit has 13.75 % of its outstanding shares held by insiders and 0.423 % owned by institutional holders. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.

Ownership Allocation

Check Saudi Ownership Details

Saudi Stock Price Odds Analysis

In regard to a normal probability distribution, the odds of Saudi Arabian jumping above the current price in 90 days from now is about 41.74%. The Saudi Arabian Amiantit probability density function shows the probability of Saudi Arabian stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Saudi Arabian has a beta of 0.2916. This suggests as returns on the market go up, Saudi Arabian average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Saudi Arabian Amiantit will be expected to be much smaller as well. Additionally, the company has an alpha of 0.0783, implying that it can generate a 0.0783 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 44.8HorizonTargetOdds Above 44.8
58.11%90 days
Based on a normal probability distribution, the odds of Saudi Arabian to move above the current price in 90 days from now is about 41.74 (This Saudi Arabian Amiantit probability density function shows the probability of Saudi Stock to fall within a particular range of prices over 90 days) .

Saudi Arabian Amiantit Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Saudi Arabian market risk premium is the additional return an investor will receive from holding Saudi Arabian long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Saudi Arabian. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Saudi Arabian's alpha and beta are two of the key measurements used to evaluate Saudi Arabian's performance over the market, the standard measures of volatility play an important role as well.

Saudi Stock Against Markets

Picking the right benchmark for Saudi Arabian 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 Saudi Arabian 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 Saudi Arabian is critical whether you are bullish or bearish towards Saudi Arabian Amiantit at a given time. Please also check how Saudi Arabian'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 Saudi Arabian 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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Saudi Arabian Corporate Management

Elected by the shareholders, the Saudi Arabian's board of directors comprises two types of representatives: Saudi Arabian inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Saudi. The board's role is to monitor Saudi Arabian's management team and ensure that shareholders' interests are well served. Saudi Arabian'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, Saudi Arabian's outside directors are responsible for providing unbiased perspectives on the board's policies.

How to buy Saudi Stock?

Before investing in Saudi Arabian, 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 Saudi Arabian. To buy Saudi Arabian stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Saudi Arabian. 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 Saudi Arabian stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Saudi Arabian Amiantit 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 Saudi Arabian Amiantit 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 Saudi Arabian Amiantit, 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 Saudi Arabian Amiantit?

The danger of trading Saudi Arabian Amiantit 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 Saudi Arabian 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 Saudi Arabian. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Saudi Arabian Amiantit 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 Saudi Arabian Amiantit. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

Complementary Tools for Saudi Stock analysis

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