Samick Musical Instruments Stock Working Capital
| 002450 Stock | 1,109 2.00 0.18% |
Samick Musical Instruments fundamentals help investors to digest information that contributes to Samick Musical's financial success or failures. It also enables traders to predict the movement of Samick Stock. The fundamental analysis module provides a way to measure Samick Musical'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 Samick Musical stock.
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Samick Musical Instruments Company Working Capital Analysis
Samick Musical's Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
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Working Capital | = | Current Assets | - | Current Liabilities |
Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.
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In accordance with the company's disclosures, Samick Musical Instruments has a Working Capital of 0.0. This indicator is about the same for the Other average (which is currently at 0.0) sector and about the same as Other (which currently averages 0.0) industry. This indicator is about the same for all Republic of Korea stocks average (which is currently at 0.0).
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About Samick Musical Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Samick Musical Instruments's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Samick Musical using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Samick Musical Instruments 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 Samick Musical
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 Samick Musical 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 Samick Musical will appreciate offsetting losses from the drop in the long position's value.Moving together with Samick Stock
Moving against Samick Stock
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The ability to find closely correlated positions to Samick Musical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Samick Musical 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 Samick Musical - 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 Samick Musical Instruments to buy it.
The correlation of Samick Musical 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 Samick Musical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Samick Musical Instr 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 Samick Musical 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 Samick Stock
Samick Musical financial ratios help investors to determine whether Samick 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 Samick with respect to the benefits of owning Samick Musical security.