Skonec Entertainment Co Stock Beta
| 276040 Stock | 4,775 45.00 0.95% |
SKONEC Entertainment Co fundamentals help investors to digest information that contributes to SKONEC Entertainment's financial success or failures. It also enables traders to predict the movement of SKONEC Stock. The fundamental analysis module provides a way to measure SKONEC Entertainment'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 SKONEC Entertainment stock.
SKONEC |
SKONEC Entertainment Co Company Beta Analysis
SKONEC Entertainment'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.
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.
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In accordance with the recently published financial statements, SKONEC Entertainment Co has a Beta of 0.0. This is 100.0% lower than that of the Technology sector and about the same as Software & IT Services (which currently averages 0.0) industry. The beta for all Republic of Korea stocks is 100.0% lower than that of the firm.
SKONEC Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses SKONEC Entertainment'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 SKONEC Entertainment could also be used in its relative valuation, which is a method of valuing SKONEC Entertainment by comparing valuation metrics of similar companies.SKONEC Entertainment is currently under evaluation in beta category among its peers.
SKONEC Fundamentals
| Return On Equity | -29.61 | |||
| Revenue | 6.11 B | |||
| Net Income | (3.51 B) | |||
| Cash And Equivalents | 1.58 B | |||
| Total Debt | 589.13 M | |||
| Cash Flow From Operations | (856.35 M) | |||
| Market Capitalization | 180.34 B | |||
| Total Asset | 5.82 B | |||
| Net Asset | 5.82 B |
About SKONEC Entertainment Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze SKONEC Entertainment Co's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of SKONEC Entertainment using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of SKONEC Entertainment 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 SKONEC Entertainment
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 SKONEC Entertainment 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 SKONEC Entertainment will appreciate offsetting losses from the drop in the long position's value.Moving against SKONEC Stock
| 0.51 | 036800 | Nice Information Tel | PairCorr |
| 0.51 | 041190 | Woori Technology Inv | PairCorr |
| 0.35 | 022100 | Posco ICT | PairCorr |
| 0.33 | 034830 | Korea Real Estate Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to SKONEC Entertainment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SKONEC Entertainment 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 SKONEC Entertainment - 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 SKONEC Entertainment Co to buy it.
The correlation of SKONEC Entertainment 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 SKONEC Entertainment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SKONEC Entertainment 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 SKONEC Entertainment 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 SKONEC Stock
SKONEC Entertainment financial ratios help investors to determine whether SKONEC 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 SKONEC with respect to the benefits of owning SKONEC Entertainment security.