Daechang Steel Earnings Estimate
Daechang Steel Earnings per Share Projection vs Actual
About Daechang Steel Earnings Estimate
The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Daechang Steel earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Daechang Steel estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Daechang Steel fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.DaeChang Steel Co., Ltd. engages in the manufacture, processing, and sale of steel products in South Korea. DaeChang Steel Co., Ltd. was founded in 1980 and is headquartered in Incheon, South Korea. DaeChang Steel is traded on Korean Securities Dealers Automated Quotations in South Korea.
Pair Trading with Daechang Steel
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 Daechang Steel 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 Daechang Steel will appreciate offsetting losses from the drop in the long position's value.Moving together with Daechang Stock
| 0.78 | 051910 | LG Chemicals | PairCorr |
| 0.76 | 005490 | POSCO Holdings | PairCorr |
| 0.67 | 009830 | Hanwha Solutions | PairCorr |
| 0.7 | 011170 | Lotte Chemical Corp | PairCorr |
| 0.61 | 004020 | Hyundai Steel | PairCorr |
Moving against Daechang Stock
| 0.73 | 039240 | Gyeongnam Steel | PairCorr |
| 0.72 | 230240 | Hana Financial 7 | PairCorr |
| 0.7 | 078160 | MEDIPOST | PairCorr |
| 0.67 | 058400 | Korea New Network | PairCorr |
| 0.45 | 041510 | SM Entertainment | PairCorr |
The ability to find closely correlated positions to Daechang Steel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daechang Steel 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 Daechang Steel - 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 Daechang Steel Co to buy it.
The correlation of Daechang Steel 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 Daechang Steel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daechang Steel 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 Daechang Steel 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 Daechang Stock
Daechang Steel financial ratios help investors to determine whether Daechang 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 Daechang with respect to the benefits of owning Daechang Steel security.