Licogi 13 Stock Current Asset
| LIG Stock | 3,000 100.00 3.45% |
LICOGI 13 fundamentals help investors to digest information that contributes to LICOGI 13's financial success or failures. It also enables traders to predict the movement of LICOGI Stock. The fundamental analysis module provides a way to measure LICOGI 13's 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 LICOGI 13 stock.
LICOGI |
LICOGI 13 Company Current Asset Analysis
LICOGI 13's Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
| Competition |
In accordance with the recently published financial statements, LICOGI 13 has a Current Asset of 0.0. This is 100.0% lower than that of the Industrials sector and about the same as Construction & Engineering (which currently averages 0.0) industry. The current asset for all Vietnam stocks is 100.0% higher than that of the company.
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About LICOGI 13 Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze LICOGI 13's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of LICOGI 13 using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of LICOGI 13 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 LICOGI 13
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 LICOGI 13 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 LICOGI 13 will appreciate offsetting losses from the drop in the long position's value.Moving together with LICOGI Stock
Moving against LICOGI Stock
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| 0.69 | BCF | Bich Chi Food | PairCorr |
| 0.6 | ELC | Elcom Technology Com | PairCorr |
| 0.48 | FPT | FPT Corp | PairCorr |
| 0.47 | SMA | Saigon Machinery Spare | PairCorr |
The ability to find closely correlated positions to LICOGI 13 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LICOGI 13 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 LICOGI 13 - 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 LICOGI 13 to buy it.
The correlation of LICOGI 13 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 LICOGI 13 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LICOGI 13 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 LICOGI 13 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.Other Information on Investing in LICOGI Stock
LICOGI 13 financial ratios help investors to determine whether LICOGI Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in LICOGI with respect to the benefits of owning LICOGI 13 security.