Hsd Engine Co Stock Beta
| 082740 Stock | 16,690 560.00 3.47% |
HSD Engine Co fundamentals help investors to digest information that contributes to HSD Engine's financial success or failures. It also enables traders to predict the movement of HSD Stock. The fundamental analysis module provides a way to measure HSD Engine'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 HSD Engine stock.
HSD |
HSD Engine Co Company Beta Analysis
HSD Engine's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current HSD Engine Beta | 1.3 |
Most of HSD Engine's fundamental indicators, such as Beta, 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, HSD Engine Co is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, HSD Engine Co has a Beta of 1.2973. This is much higher than that of the Machinery sector and significantly higher than that of the Industrials industry. The beta for all Republic of Korea stocks is notably lower than that of the firm.
HSD Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses HSD Engine's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of HSD Engine could also be used in its relative valuation, which is a method of valuing HSD Engine by comparing valuation metrics of similar companies.HSD Engine is currently under evaluation in beta category among its peers.
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, HSD Engine will likely underperform.
HSD Fundamentals
| Return On Equity | -0.21 | |||
| Return On Asset | -0.0267 | |||
| Profit Margin | (0.06) % | |||
| Operating Margin | (0.05) % | |||
| Current Valuation | 617.81 B | |||
| Shares Outstanding | 71.52 M | |||
| Shares Owned By Insiders | 35.28 % | |||
| Shares Owned By Institutions | 6.54 % | |||
| Price To Book | 2.37 X | |||
| Price To Sales | 0.74 X | |||
| Revenue | 599 B | |||
| Gross Profit | (10.34 B) | |||
| EBITDA | (24.46 B) | |||
| Net Income | (39.74 B) | |||
| Total Debt | 75.71 B | |||
| Cash Flow From Operations | (45.76 B) | |||
| Earnings Per Share | 367.61 X | |||
| Target Price | 10352.0 | |||
| Number Of Employees | 741 | |||
| Beta | 1.3 | |||
| Market Capitalization | 564.31 B | |||
| Total Asset | 795.62 B | |||
| Z Score | 4.2 | |||
| Net Asset | 795.62 B |
About HSD Engine Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze HSD Engine Co's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of HSD Engine using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of HSD Engine 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 HSD Engine
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 HSD Engine 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 HSD Engine will appreciate offsetting losses from the drop in the long position's value.Moving together with HSD Stock
Moving against HSD Stock
| 0.5 | 950130 | Access Bio | PairCorr |
| 0.49 | 222800 | SIMMTECH | PairCorr |
| 0.33 | 124560 | Taewoong Logistics CoLtd | PairCorr |
The ability to find closely correlated positions to HSD Engine could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HSD Engine 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 HSD Engine - 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 HSD Engine Co to buy it.
The correlation of HSD Engine 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 HSD Engine moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HSD Engine 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 HSD Engine 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 HSD Stock
HSD Engine financial ratios help investors to determine whether HSD 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 HSD with respect to the benefits of owning HSD Engine security.