Songwon Financial Statements From 2010 to 2024
| 004430 Stock | 11,150 290.00 2.67% |
Check Songwon Industrial financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Songwon Industrial's main balance sheet or income statement drivers, such as , as well as many indicators such as . Songwon financial statements analysis is a perfect complement when working with Songwon Industrial Valuation or Volatility modules.
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About Songwon Industrial Financial Statements
Songwon Industrial stakeholders use historical fundamental indicators, such as Songwon Industrial's revenue or net income, to determine how well the company is positioned to perform in the future. Although Songwon Industrial investors may analyze each financial statement separately, they are all interrelated. For example, changes in Songwon Industrial's assets and liabilities are reflected in the revenues and expenses on Songwon Industrial's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Songwon Industrial Co. Please read more on our technical analysis and fundamental analysis pages.
Pair Trading with Songwon Industrial
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 Songwon Industrial 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 Songwon Industrial will appreciate offsetting losses from the drop in the long position's value.Moving together with Songwon Stock
The ability to find closely correlated positions to Songwon Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Songwon Industrial 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 Songwon Industrial - 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 Songwon Industrial Co to buy it.
The correlation of Songwon Industrial 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 Songwon Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Songwon Industrial 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 Songwon Industrial 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 Songwon Stock
Songwon Industrial financial ratios help investors to determine whether Songwon 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 Songwon with respect to the benefits of owning Songwon Industrial security.