Wing Yip Food Stock EBITDA
| 900340 Stock | 2,380 195.00 8.92% |
Wing Yip Food fundamentals help investors to digest information that contributes to Wing Yip's financial success or failures. It also enables traders to predict the movement of Wing Stock. The fundamental analysis module provides a way to measure Wing Yip'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 Wing Yip stock.
Wing |
Wing Yip Food Company EBITDA Analysis
Wing Yip's EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
According to the company disclosure, Wing Yip Food reported earnings before interest,tax, depreciation and amortization of 0.0. This indicator is about the same for the average (which is currently at 0.0) sector and about the same as EBITDA (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).
Wing EBITDA Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Wing Yip's direct or indirect competition against its EBITDA to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Wing Yip could also be used in its relative valuation, which is a method of valuing Wing Yip by comparing valuation metrics of similar companies.Wing Yip is currently under evaluation in ebitda category among its peers.
About Wing Yip Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Wing Yip Food's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Wing Yip using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Wing Yip Food 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 Wing Yip
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 Wing Yip 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 Wing Yip will appreciate offsetting losses from the drop in the long position's value.Moving against Wing Stock
| 0.5 | 006400 | Samsung SDI | PairCorr |
| 0.39 | 005385 | Hyundai Motor | PairCorr |
| 0.38 | 005387 | Hyundai Motor | PairCorr |
| 0.33 | 222800 | SIMMTECH | PairCorr |
The ability to find closely correlated positions to Wing Yip could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wing Yip 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 Wing Yip - 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 Wing Yip Food to buy it.
The correlation of Wing Yip 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 Wing Yip moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wing Yip Food 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 Wing Yip 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 Wing Stock
Wing Yip financial ratios help investors to determine whether Wing 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 Wing with respect to the benefits of owning Wing Yip security.