Hankuk Steel Price To Sales vs. Cash And Equivalents
| 025550 Stock | KRW 2,870 40.00 1.41% |
For Hankuk Steel profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Hankuk Steel to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Hankuk Steel Wire utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Hankuk Steel's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Hankuk Steel Wire over time as well as its relative position and ranking within its peers.
Hankuk |
Hankuk Steel Wire Cash And Equivalents vs. Price To Sales Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Hankuk Steel's current stock value. Our valuation model uses many indicators to compare Hankuk Steel value to that of its competitors to determine the firm's financial worth. Hankuk Steel Wire is number one stock in price to sales category among its peers. It also is number one stock in cash and equivalents category among its peers creating about 32,508,612,509 of Cash And Equivalents per Price To Sales. Comparative valuation analysis is a catch-all model that can be used if you cannot value Hankuk Steel by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Hankuk Steel's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Hankuk Cash And Equivalents vs. Price To Sales
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Hankuk Steel |
| = | 0.42 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Hankuk Steel |
| = | 13.75 B |
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
Hankuk Cash And Equivalents Comparison
Hankuk Steel is currently under evaluation in cash and equivalents category among its peers.
Hankuk Steel Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Hankuk Steel, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Hankuk Steel will eventually generate negative long term returns. The profitability progress is the general direction of Hankuk Steel's change in net profit over the period of time. It can combine multiple indicators of Hankuk Steel, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Hankuk Steel Wire Co., Ltd. produces and sells steel products in South Korea, Japan, and internationally. The company was founded in 1974 and is based in Busan, South Korea. HanSun is traded on Korean Securities Dealers Automated Quotations in South Korea.
Hankuk Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Hankuk Steel. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Hankuk Steel position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Hankuk Steel's important profitability drivers and their relationship over time.
Use Hankuk Steel in pair-trading
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 Hankuk Steel 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 Hankuk Steel will appreciate offsetting losses from the drop in the long position's value.Hankuk Steel Pair Trading
Hankuk Steel Wire Pair Trading Analysis
The ability to find closely correlated positions to Hankuk Steel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hankuk Steel 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 Hankuk Steel - 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 Hankuk Steel Wire to buy it.
The correlation of Hankuk Steel 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 Hankuk Steel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hankuk Steel Wire 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 Hankuk Steel 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.Use Investing Themes to Complement your Hankuk Steel position
In addition to having Hankuk Steel in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Defense Thematic Idea Now
Defense
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Defense theme has 16 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Defense Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in Hankuk Stock
To fully project Hankuk Steel's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Hankuk Steel Wire at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Hankuk Steel's income statement, its balance sheet, and the statement of cash flows.