Innowireless Financial Statements From 2010 to 2024
| 073490 Stock | 18,340 80.00 0.44% |
Check Innowireless financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Innowireless' main balance sheet or income statement drivers, such as , as well as many indicators such as . Innowireless financial statements analysis is a perfect complement when working with Innowireless Valuation or Volatility modules.
Innowireless |
Innowireless Co Company Total Asset Analysis
Innowireless' Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Current Innowireless Total Asset | 140.95 B |
Most of Innowireless' fundamental indicators, such as Total Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Innowireless Co is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Total Asset is typically divided on the balance sheet on current asset and long-term asset. Long-term is the value of company property and other capital assets that are expected to be useable for more than one year. Long term assets are reported net of depreciation. On the other hand current assets are assets that are expected to be sold or converted to cash as part of normal business operation.
| Competition |
Based on the latest financial disclosure, Innowireless Co has a Total Asset of 140.95 B. This is much higher than that of the Other sector and significantly higher than that of the Other industry. The total asset for all Republic of Korea stocks is notably lower than that of the firm.
Innowireless Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Innowireless's current stock value. Our valuation model uses many indicators to compare Innowireless value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Innowireless competition to find correlations between indicators driving Innowireless's intrinsic value. More Info.Innowireless Co is the top company in revenue category among its peers. It also is number one stock in ebitda category among its peers totaling about 0.21 of EBITDA per Revenue. The ratio of Revenue to EBITDA for Innowireless Co is roughly 4.74 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Innowireless by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Innowireless' 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.About Innowireless Financial Statements
Innowireless stakeholders use historical fundamental indicators, such as Innowireless' revenue or net income, to determine how well the company is positioned to perform in the future. Although Innowireless investors may analyze each financial statement separately, they are all interrelated. For example, changes in Innowireless' assets and liabilities are reflected in the revenues and expenses on Innowireless' 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 Innowireless Co. Please read more on our technical analysis and fundamental analysis pages.
Pair Trading with Innowireless
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 Innowireless 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 Innowireless will appreciate offsetting losses from the drop in the long position's value.Moving against Innowireless Stock
| 0.6 | 215480 | Daewoo SBI SPAC | PairCorr |
| 0.59 | 302430 | Innometry | PairCorr |
| 0.5 | 033240 | Jahwa Electron | PairCorr |
| 0.45 | 293780 | AptaBio Therapeutics | PairCorr |
| 0.36 | 053080 | Wonbang Tech | PairCorr |
The ability to find closely correlated positions to Innowireless could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Innowireless 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 Innowireless - 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 Innowireless Co to buy it.
The correlation of Innowireless 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 Innowireless moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Innowireless 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 Innowireless 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 Innowireless Stock
Innowireless financial ratios help investors to determine whether Innowireless 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 Innowireless with respect to the benefits of owning Innowireless security.