Ilji Technology Co Stock Cash Per Share

019540 Stock  KRW 3,990  80.00  1.97%   
Ilji Technology Co fundamentals help investors to digest information that contributes to Ilji Technology's financial success or failures. It also enables traders to predict the movement of Ilji Stock. The fundamental analysis module provides a way to measure Ilji Technology'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 Ilji Technology stock.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Ilji Technology Co Company Cash Per Share Analysis

Ilji Technology's Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.

Cash Per Share

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Total Cash

Average Shares

More About Cash Per Share | All Equity Analysis

Current Ilji Technology Cash Per Share

    
  819.17 X  
Most of Ilji Technology's fundamental indicators, such as Cash Per Share, 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, Ilji Technology Co is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
Competition

In accordance with the recently published financial statements, Ilji Technology Co has a Cash Per Share of 819 times. This is much higher than that of the Auto Components sector and significantly higher than that of the Consumer Discretionary industry. The cash per share for all Republic of Korea stocks is notably lower than that of the firm.

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Ilji Fundamentals

About Ilji Technology Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Ilji Technology Co's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ilji Technology using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ilji Technology 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 Ilji Technology

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 Ilji Technology 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 Ilji Technology will appreciate offsetting losses from the drop in the long position's value.

Moving together with Ilji Stock

  0.7005935 Samsung ElectronicsPairCorr
  0.7005930 Samsung ElectronicsPairCorr

Moving against Ilji Stock

  0.34373220 LG Energy SolutionPairCorr
The ability to find closely correlated positions to Ilji Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ilji Technology 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 Ilji Technology - 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 Ilji Technology Co to buy it.
The correlation of Ilji Technology 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 Ilji Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ilji Technology 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 Ilji Technology 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Ilji Stock

Ilji Technology financial ratios help investors to determine whether Ilji 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 Ilji with respect to the benefits of owning Ilji Technology security.