Skonec Entertainment Co Stock Return On Equity
| 276040 Stock | 2,635 35.00 1.31% |
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 Return On Equity Analysis
SKONEC Entertainment's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current SKONEC Entertainment Return On Equity | -29.61 |
Most of SKONEC Entertainment's fundamental indicators, such as Return On Equity, 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, SKONEC Entertainment Co is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
| Competition |
Based on the latest financial disclosure, SKONEC Entertainment Co has a Return On Equity of -29.6148. This is 146.17% higher than that of the Technology sector and significantly lower than that of the Software & IT Services industry. The return on equity for all Republic of Korea stocks is notably higher than that of the company.
SKONEC Return On Equity 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 Return On Equity 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 rated fourth in return on equity 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 together with SKONEC Stock
| 0.7 | 293490 | Kakao Games Corp | PairCorr |
| 0.7 | 022100 | Posco ICT | PairCorr |
| 0.76 | 194480 | Devsisters corporation | PairCorr |
| 0.87 | 347860 | Alchera | PairCorr |
Moving against SKONEC Stock
| 0.5 | 158430 | ATON Inc | PairCorr |
| 0.49 | 111710 | Namhwa Industrial | PairCorr |
| 0.4 | 402030 | Konan Technology | PairCorr |
| 0.39 | 329180 | Hyundai Heavy Industries | PairCorr |
| 0.38 | 182360 | Cube Entertainment | 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.