Woojung Bio Stock Gross Profit

215380 Stock  KRW 1,740  27.00  1.53%   
WOOJUNG BIO fundamentals help investors to digest information that contributes to WOOJUNG BIO's financial success or failures. It also enables traders to predict the movement of WOOJUNG Stock. The fundamental analysis module provides a way to measure WOOJUNG BIO'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 WOOJUNG BIO 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.

WOOJUNG BIO Company Gross Profit Analysis

WOOJUNG BIO'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

 = 

Revenue

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Cost of Revenue

More About Gross Profit | All Equity Analysis

Current WOOJUNG BIO Gross Profit

    
  5.24 B  
Most of WOOJUNG BIO's fundamental indicators, such as Gross Profit, 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, WOOJUNG BIO is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
Competition

According to the company disclosure, WOOJUNG BIO reported 5.24 B of gross profit. This is 133.48% higher than that of the Healthcare sector and significantly higher than that of the Biotechnology & Medical Research industry. The gross profit for all Republic of Korea stocks is 80.87% higher than that of the company.

WOOJUNG Gross Profit Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses WOOJUNG BIO'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 WOOJUNG BIO could also be used in its relative valuation, which is a method of valuing WOOJUNG BIO by comparing valuation metrics of similar companies.
WOOJUNG BIO is currently under evaluation in gross profit category among its peers.

WOOJUNG Fundamentals

About WOOJUNG BIO Fundamental Analysis

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

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 WOOJUNG BIO 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 WOOJUNG BIO will appreciate offsetting losses from the drop in the long position's value.

Moving together with WOOJUNG Stock

  0.69278650 KNOTUS CoLtdPairCorr
  0.8225220 GenolutionPairCorr
The ability to find closely correlated positions to WOOJUNG BIO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WOOJUNG BIO 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 WOOJUNG BIO - 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 WOOJUNG BIO to buy it.
The correlation of WOOJUNG BIO 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 WOOJUNG BIO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WOOJUNG BIO 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 WOOJUNG BIO 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 WOOJUNG Stock

WOOJUNG BIO financial ratios help investors to determine whether WOOJUNG 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 WOOJUNG with respect to the benefits of owning WOOJUNG BIO security.