Ni Steel Stock Debt To Equity
| 008260 Stock | 3,905 15.00 0.38% |
Ni Steel fundamentals help investors to digest information that contributes to Ni Steel's financial success or failures. It also enables traders to predict the movement of 008260 Stock. The fundamental analysis module provides a way to measure Ni Steel'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 Ni Steel stock.
008260 |
Ni Steel Company Debt To Equity Analysis
Ni Steel's Debt to Equity is calculated by dividing the Total Debt of a company by its Equity. If the debt exceeds equity of a company, then the creditors have more stakes in a firm than the stockholders. In other words, Debt to Equity ratio provides analysts with insights about composition of both equity and debt, and its influence on the valuation of the company.
High Debt to Equity ratio typically indicates that a firm has been borrowing aggressively to finance its growth and as a result may experience a burden of additional interest expense. This may reduce earnings or future growth. On the other hand a small D/E ratio may indicate that a company is not taking enough advantage from financial leverage. Debt to Equity ratio measures how the company is leveraging borrowing against the capital invested by the owners.
| Competition |
According to the company disclosure, Ni Steel has a Debt To Equity of 0.0%. This indicator is about the same for the average (which is currently at 0.0) sector and about the same as Steel (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).
008260 Debt To Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ni Steel's direct or indirect competition against its Debt To Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Ni Steel could also be used in its relative valuation, which is a method of valuing Ni Steel by comparing valuation metrics of similar companies.Ni Steel is currently under evaluation in debt to equity category among its peers.
008260 Fundamentals
| Return On Equity | 0.27 | |||
| Return On Asset | 0.1 | |||
| Profit Margin | 0.12 % | |||
| Operating Margin | 0.17 % | |||
| Current Valuation | 274.28 B | |||
| Shares Outstanding | 28.6 M | |||
| Shares Owned By Insiders | 58.94 % | |||
| Shares Owned By Institutions | 0.51 % | |||
| Price To Book | 0.74 X | |||
| Price To Sales | 0.37 X | |||
| Revenue | 248.21 B | |||
| Gross Profit | 44.78 B | |||
| EBITDA | 49.95 B | |||
| Net Income | 22.05 B | |||
| Total Debt | 20.41 B | |||
| Cash Flow From Operations | 28 B | |||
| Beta | 1.28 | |||
| Market Capitalization | 161.3 B | |||
| Total Asset | 341.06 B | |||
| Z Score | 4.2 | |||
| Annual Yield | 0.02 % | |||
| Net Asset | 341.06 B | |||
| Last Dividend Paid | 75.0 |
About Ni Steel Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Ni Steel's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ni Steel using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ni Steel 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 Ni Steel
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 Ni 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 Ni Steel will appreciate offsetting losses from the drop in the long position's value.Moving against 008260 Stock
The ability to find closely correlated positions to Ni 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 Ni 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 Ni 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 Ni Steel to buy it.
The correlation of Ni 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 Ni Steel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ni 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 Ni 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.Other Information on Investing in 008260 Stock
Ni Steel financial ratios help investors to determine whether 008260 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 008260 with respect to the benefits of owning Ni Steel security.