Tae Financial Statements From 2010 to 2025
| 023160 Stock | KRW 23,550 950.00 3.88% |
Check Tae Kwang financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Tae Kwang's main balance sheet or income statement drivers, such as , as well as many indicators such as . Tae financial statements analysis is a perfect complement when working with Tae Kwang Valuation or Volatility modules.
Tae |
Tae Kwang Company Current Valuation Analysis
Tae Kwang's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Current Tae Kwang Current Valuation | 247.12 B |
Most of Tae Kwang's fundamental indicators, such as Current Valuation, 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, Tae Kwang is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, Tae Kwang has a Current Valuation of 247.12 B. This is much higher than that of the sector and significantly higher than that of the Current Valuation industry. The current valuation for all Republic of Korea stocks is notably lower than that of the firm.
Tae Kwang Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Tae Kwang's current stock value. Our valuation model uses many indicators to compare Tae Kwang value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Tae Kwang competition to find correlations between indicators driving Tae Kwang's intrinsic value. More Info.Tae Kwang is rated fifth in return on equity category among its peers. It also is rated fifth in return on asset category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value Tae Kwang by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Tae Kwang'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.About Tae Kwang Financial Statements
Tae Kwang stakeholders use historical fundamental indicators, such as Tae Kwang's revenue or net income, to determine how well the company is positioned to perform in the future. Although Tae Kwang investors may analyze each financial statement separately, they are all interrelated. For example, changes in Tae Kwang's assets and liabilities are reflected in the revenues and expenses on Tae Kwang's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Tae Kwang. Please read more on our technical analysis and fundamental analysis pages.
Tae Kwang Corporation manufactures, supplies, and sells butt weld pipe fittings for oil and gas, chemical and petrochemical, power plant, and shipbuilding businesses in Korea and internationally. Tae Kwang Corporation was founded in 1965 and is headquartered in Busan, South Korea. TKCORP is traded on Korean Securities Dealers Automated Quotations in South Korea.
Pair Trading with Tae Kwang
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 Tae Kwang 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 Tae Kwang will appreciate offsetting losses from the drop in the long position's value.Moving together with Tae Stock
Moving against Tae Stock
| 0.88 | 051915 | LG Chem | PairCorr |
| 0.8 | 006400 | Samsung SDI | PairCorr |
| 0.68 | 051910 | LG Chemicals | PairCorr |
| 0.67 | 373220 | LG Energy Solution | PairCorr |
| 0.66 | 032830 | Samsung Life | PairCorr |
The ability to find closely correlated positions to Tae Kwang could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tae Kwang 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 Tae Kwang - 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 Tae Kwang to buy it.
The correlation of Tae Kwang 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 Tae Kwang moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tae Kwang 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 Tae Kwang 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 Tae Stock
Tae Kwang financial ratios help investors to determine whether Tae 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 Tae with respect to the benefits of owning Tae Kwang security.