Keum Kang Earnings Estimate

Keum Kang Earnings per Share Projection vs Actual

About Keum Kang Earnings Estimate

The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Keum Kang earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Keum Kang estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Keum Kang fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
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Keum Kang Steel Co., Ltd. engages in the processing and selling of cold-rolled coils in South Korea. Keum Kang Steel Co., Ltd. was founded in 1977 and is headquartered in Seoul, South Korea. KEUM KANG is traded on Korean Securities Dealers Automated Quotations in South Korea.

Pair Trading with Keum Kang

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 Keum Kang 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 Keum Kang will appreciate offsetting losses from the drop in the long position's value.

Moving together with Keum Stock

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  0.73005490 POSCO HoldingsPairCorr
  0.79009830 Hanwha SolutionsPairCorr
  0.62011170 Lotte Chemical CorpPairCorr
  0.86004020 Hyundai SteelPairCorr

Moving against Keum Stock

  0.67001430 SeAH BesteePairCorr
  0.46024110 Industrial BankPairCorr
  0.45032830 Samsung LifePairCorr
  0.32105560 KB Financial GroupPairCorr
The ability to find closely correlated positions to Keum Kang could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Keum Kang 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 Keum Kang - 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 Keum Kang Steel to buy it.
The correlation of Keum Kang 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 Keum Kang moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Keum Kang Steel 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 Keum Kang 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Keum Stock

Keum Kang financial ratios help investors to determine whether Keum 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 Keum with respect to the benefits of owning Keum Kang security.