Daeduck Electronics Co Stock Current Ratio
| 008060 Stock | 6,580 70.00 1.08% |
Daeduck Electronics Co fundamentals help investors to digest information that contributes to Daeduck Electronics' financial success or failures. It also enables traders to predict the movement of Daeduck Stock. The fundamental analysis module provides a way to measure Daeduck Electronics' 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 Daeduck Electronics stock.
Daeduck |
Daeduck Electronics Co Company Current Ratio Analysis
Daeduck Electronics' Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
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In accordance with the recently published financial statements, Daeduck Electronics Co has a Current Ratio of 0.0 times. 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).
Daeduck Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Daeduck Electronics' direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Daeduck Electronics could also be used in its relative valuation, which is a method of valuing Daeduck Electronics by comparing valuation metrics of similar companies.Daeduck Electronics is currently under evaluation in current ratio category among its peers.
About Daeduck Electronics Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Daeduck Electronics Co's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Daeduck Electronics using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Daeduck Electronics 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 Daeduck Electronics
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 Daeduck Electronics 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 Daeduck Electronics will appreciate offsetting losses from the drop in the long position's value.Moving against Daeduck Stock
| 0.73 | 302430 | Innometry | PairCorr |
| 0.72 | 293780 | AptaBio Therapeutics | PairCorr |
| 0.61 | 215480 | Daewoo SBI SPAC | PairCorr |
| 0.61 | 053080 | Wonbang Tech | PairCorr |
| 0.57 | 033240 | Jahwa Electron | PairCorr |
The ability to find closely correlated positions to Daeduck Electronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daeduck Electronics 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 Daeduck Electronics - 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 Daeduck Electronics Co to buy it.
The correlation of Daeduck Electronics 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 Daeduck Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daeduck Electronics 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 Daeduck Electronics 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 Daeduck Stock
Daeduck Electronics financial ratios help investors to determine whether Daeduck 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 Daeduck with respect to the benefits of owning Daeduck Electronics security.