SKONEC Financial Statements From 2010 to 2024
| 276040 Stock | 3,065 90.00 2.85% |
Check SKONEC Entertainment financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among SKONEC Entertainment's main balance sheet or income statement drivers, such as , as well as many indicators such as . SKONEC financial statements analysis is a perfect complement when working with SKONEC Entertainment Valuation or Volatility modules.
SKONEC |
SKONEC Entertainment Co Company Total Debt Analysis
SKONEC Entertainment's Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Current SKONEC Entertainment Total Debt | 589.13 M |
Most of SKONEC Entertainment's fundamental indicators, such as Total Debt, 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, SKONEC Entertainment Co is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
| Competition |
Based on the latest financial disclosure, SKONEC Entertainment Co has a Total Debt of 589.13 M. This is 63.45% lower than that of the Technology sector and significantly higher than that of the Software & IT Services industry. The total debt for all Republic of Korea stocks is 88.92% higher than that of the company.
SKONEC Entertainment Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining SKONEC Entertainment's current stock value. Our valuation model uses many indicators to compare SKONEC Entertainment value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across SKONEC Entertainment competition to find correlations between indicators driving SKONEC Entertainment's intrinsic value. More Info.SKONEC Entertainment Co is rated third in return on equity category among its peers. It also is rated third in revenue category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value SKONEC Entertainment by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for SKONEC Entertainment'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 SKONEC Entertainment Financial Statements
SKONEC Entertainment stakeholders use historical fundamental indicators, such as SKONEC Entertainment's revenue or net income, to determine how well the company is positioned to perform in the future. Although SKONEC Entertainment investors may analyze each financial statement separately, they are all interrelated. For example, changes in SKONEC Entertainment's assets and liabilities are reflected in the revenues and expenses on SKONEC Entertainment'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 SKONEC Entertainment Co. Please read more on our technical analysis and fundamental analysis pages.
Pair Trading with SKONEC Entertainment
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 SKONEC Entertainment 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 SKONEC Entertainment will appreciate offsetting losses from the drop in the long position's value.Moving together with SKONEC Stock
| 0.65 | 293490 | Kakao Games Corp | PairCorr |
| 0.78 | 022100 | Posco ICT | PairCorr |
| 0.83 | 194480 | Devsisters corporation | PairCorr |
| 0.89 | 347860 | Alchera | PairCorr |
Moving against SKONEC Stock
| 0.6 | 158430 | ATON Inc | PairCorr |
| 0.49 | 402030 | Konan Technology | PairCorr |
| 0.44 | 105560 | KB Financial Group | PairCorr |
The ability to find closely correlated positions to SKONEC Entertainment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SKONEC Entertainment 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 SKONEC Entertainment - 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 SKONEC Entertainment Co to buy it.
The correlation of SKONEC Entertainment 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 SKONEC Entertainment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SKONEC Entertainment 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 SKONEC Entertainment 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 SKONEC Stock
SKONEC Entertainment financial ratios help investors to determine whether SKONEC 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 SKONEC with respect to the benefits of owning SKONEC Entertainment security.