Ray Co Stock Price To Book
| 228670 Stock | KRW 5,880 40.00 0.68% |
Ray Co fundamentals help investors to digest information that contributes to Ray Co's financial success or failures. It also enables traders to predict the movement of Ray Stock. The fundamental analysis module provides a way to measure Ray Co'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 Ray Co stock.
Ray |
Ray Co Company Price To Book Analysis
Ray Co's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
| Competition |
Based on the latest financial disclosure, Ray Co has a Price To Book of 0.0 times. This is 100.0% lower than that of the Healthcare sector and about the same as Health Care Equipment & Supplies (which currently averages 0.0) industry. The price to book for all Republic of Korea stocks is 100.0% higher than that of the company.
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Ray Fundamentals
| Return On Equity | -5.14 | |||
| Return On Asset | 0.0345 | |||
| Profit Margin | 0.14 % | |||
| Operating Margin | 0.08 % | |||
| Current Valuation | 385.56 B | |||
| Shares Owned By Insiders | 36.97 % | |||
| Shares Owned By Institutions | 11.60 % | |||
| Revenue | 90.34 B | |||
| Gross Profit | 26.35 B | |||
| EBITDA | 8.96 B | |||
| Net Income | 57.21 M | |||
| Cash And Equivalents | 31.52 B | |||
| Total Debt | 48.42 B | |||
| Debt To Equity | 0.17 % | |||
| Current Ratio | 3.57 X | |||
| Cash Flow From Operations | 11.17 B | |||
| Earnings Per Share | 480.61 X | |||
| Target Price | 33200.0 | |||
| Number Of Employees | 159 | |||
| Market Capitalization | 348.94 B | |||
| Total Asset | 177.31 B | |||
| Z Score | 4.2 | |||
| Net Asset | 177.31 B |
About Ray Co Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Ray Co's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ray Co using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ray Co 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 Ray Co
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 Ray Co 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 Ray Co will appreciate offsetting losses from the drop in the long position's value.Moving together with Ray Stock
Moving against Ray Stock
| 0.8 | 122870 | YG Entertainment | PairCorr |
| 0.58 | 039240 | Gyeongnam Steel | PairCorr |
| 0.58 | 241840 | ASTORY CoLtd | PairCorr |
| 0.48 | 205470 | Humasis | PairCorr |
The ability to find closely correlated positions to Ray Co could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ray Co 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 Ray Co - 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 Ray Co to buy it.
The correlation of Ray Co 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 Ray Co moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ray Co 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 Ray Co 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 Ray Stock
Ray Co financial ratios help investors to determine whether Ray 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 Ray with respect to the benefits of owning Ray Co security.