Hyosung Heavy Return On Equity vs. Price To Book
| 298040 Stock | 403,500 7,000 1.77% |
For Hyosung Heavy profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Hyosung Heavy to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Hyosung Heavy Industries utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Hyosung Heavy's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Hyosung Heavy Industries over time as well as its relative position and ranking within its peers.
Hyosung |
Hyosung Heavy Industries Price To Book vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Hyosung Heavy's current stock value. Our valuation model uses many indicators to compare Hyosung Heavy value to that of its competitors to determine the firm's financial worth. Hyosung Heavy Industries is rated fourth in return on equity category among its peers. It also is rated fourth in price to book category among its peers fabricating about 15.80 of Price To Book per Return On Equity. Comparative valuation analysis is a catch-all model that can be used if you cannot value Hyosung Heavy by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Hyosung Heavy's 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.Hyosung Price To Book vs. Return On Equity
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.
Hyosung Heavy |
| = | 0.051 |
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.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Hyosung Heavy |
| = | 0.81 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Hyosung Price To Book Comparison
Hyosung Heavy is rated third in price to book category among its peers.
Hyosung Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Hyosung Heavy. 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 Hyosung Heavy 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 Hyosung Heavy's important profitability drivers and their relationship over time.
Use Hyosung Heavy 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 Hyosung Heavy 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 Hyosung Heavy will appreciate offsetting losses from the drop in the long position's value.Hyosung Heavy Pair Trading
Hyosung Heavy Industries Pair Trading Analysis
The ability to find closely correlated positions to Hyosung Heavy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hyosung Heavy 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 Hyosung Heavy - 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 Hyosung Heavy Industries to buy it.
The correlation of Hyosung Heavy 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 Hyosung Heavy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hyosung Heavy Industries 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 Hyosung Heavy 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 Hyosung Heavy position
In addition to having Hyosung Heavy 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?
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Other Information on Investing in Hyosung Stock
To fully project Hyosung Heavy's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Hyosung Heavy Industries 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 Hyosung Heavy's income statement, its balance sheet, and the statement of cash flows.