Kukdong Oil Chemicals Stock Cash And Equivalents
| 014530 Stock | 3,625 5.00 0.14% |
Kukdong Oil Chemicals fundamentals help investors to digest information that contributes to Kukdong Oil's financial success or failures. It also enables traders to predict the movement of Kukdong Stock. The fundamental analysis module provides a way to measure Kukdong Oil'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 Kukdong Oil stock.
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Kukdong Oil Chemicals Company Cash And Equivalents Analysis
Kukdong Oil's Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
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In accordance with the recently published financial statements, Kukdong Oil Chemicals has 0.0 in Cash And Equivalents. 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).
Kukdong Cash And Equivalents Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Kukdong Oil's direct or indirect competition against its Cash And Equivalents to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Kukdong Oil could also be used in its relative valuation, which is a method of valuing Kukdong Oil by comparing valuation metrics of similar companies.Kukdong Oil is currently under evaluation in cash and equivalents category among its peers.
About Kukdong Oil Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Kukdong Oil Chemicals's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Kukdong Oil using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Kukdong Oil Chemicals 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 Kukdong Oil
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 Kukdong Oil 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 Kukdong Oil will appreciate offsetting losses from the drop in the long position's value.Moving together with Kukdong Stock
The ability to find closely correlated positions to Kukdong Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kukdong Oil 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 Kukdong Oil - 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 Kukdong Oil Chemicals to buy it.
The correlation of Kukdong Oil 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 Kukdong Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kukdong Oil Chemicals 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 Kukdong Oil 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 Kukdong Stock
Kukdong Oil financial ratios help investors to determine whether Kukdong 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 Kukdong with respect to the benefits of owning Kukdong Oil security.