SK Chemicals Return On Asset vs. Profit Margin
| 285130 Stock | 42,700 100.00 0.23% |
For SK Chemicals profitability analysis, we use financial ratios and fundamental drivers that measure the ability of SK Chemicals to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well SK Chemicals Co utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between SK Chemicals's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of SK Chemicals Co over time as well as its relative position and ranking within its peers.
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SK Chemicals Profit Margin vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining SK Chemicals's current stock value. Our valuation model uses many indicators to compare SK Chemicals value to that of its competitors to determine the firm's financial worth. SK Chemicals Co is number one stock in return on asset category among its peers. It also is number one stock in profit margin category among its peers fabricating about 1.32 of Profit Margin per Return On Asset. Comparative valuation analysis is a catch-all model that can be used if you cannot value SK Chemicals by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for SK Chemicals' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.285130 Profit Margin vs. Return On Asset
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
SK Chemicals |
| = | 0.0753 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Profit Margin measures overall efficiency of a company and shows its ability to withstand competition as well as defend against adverse conditions such as rising costs, falling prices, decline in sales or management distress. Profit margin tells investors how well the company executes on its overall pricing strategies as well as how effective the company in controlling its costs.
SK Chemicals |
| = | 0.1 % |
In a nutshell, Profit Margin indicator shows the amount of money the company makes from total sales or revenue. It can provide a good insight into companies in the same sector, as well as help to identify trends of a company from year to year.
285130 Profit Margin Comparison
SK Chemicals is currently under evaluation in profit margin category among its peers.
285130 Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on SK Chemicals. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of SK Chemicals position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the SK Chemicals' important profitability drivers and their relationship over time.
Use SK Chemicals in pair-trading
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 SK Chemicals 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 SK Chemicals will appreciate offsetting losses from the drop in the long position's value.SK Chemicals Pair Trading
SK Chemicals Co Pair Trading Analysis
The ability to find closely correlated positions to SK Chemicals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SK Chemicals 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 SK Chemicals - 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 SK Chemicals Co to buy it.
The correlation of SK Chemicals 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 SK Chemicals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SK Chemicals 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 SK Chemicals 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.Use Investing Themes to Complement your SK Chemicals position
In addition to having SK Chemicals in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Convertibles Funds Thematic Idea Now
Convertibles Funds
Funds or Etfs that invest in debt that is expected to be converted into a predetermined amount of the company equity at some future date. The Convertibles Funds theme has 12 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Convertibles Funds Theme or any other thematic opportunities.
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Other Information on Investing in 285130 Stock
To fully project SK Chemicals' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of SK Chemicals at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include SK Chemicals' income statement, its balance sheet, and the statement of cash flows.