Daewon Chemical Co Stock Gross Profit
| 024890 Stock | 1,152 68.00 6.27% |
Daewon Chemical Co fundamentals help investors to digest information that contributes to Daewon Chemical's financial success or failures. It also enables traders to predict the movement of Daewon Stock. The fundamental analysis module provides a way to measure Daewon Chemical'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 Daewon Chemical stock.
Daewon |
Daewon Chemical Co Company Gross Profit Analysis
Daewon Chemical's Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
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According to the company disclosure, Daewon Chemical Co reported 0.0 of gross profit. This indicator is about the same for the 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).
Daewon Gross Profit Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Daewon Chemical's direct or indirect competition against its Gross Profit to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Daewon Chemical could also be used in its relative valuation, which is a method of valuing Daewon Chemical by comparing valuation metrics of similar companies.Daewon Chemical is currently under evaluation in gross profit category among its peers.
About Daewon Chemical Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Daewon Chemical Co's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Daewon Chemical using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Daewon Chemical 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 Daewon Chemical
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 Daewon Chemical 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 Daewon Chemical will appreciate offsetting losses from the drop in the long position's value.Moving together with Daewon Stock
Moving against Daewon Stock
The ability to find closely correlated positions to Daewon Chemical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daewon Chemical 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 Daewon Chemical - 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 Daewon Chemical Co to buy it.
The correlation of Daewon Chemical 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 Daewon Chemical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daewon Chemical 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 Daewon Chemical 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 Daewon Stock
Daewon Chemical financial ratios help investors to determine whether Daewon 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 Daewon with respect to the benefits of owning Daewon Chemical security.