Tcc Steel Stock Net Income

002710 Stock   27,400  200.00  0.74%   
Tcc Steel fundamentals help investors to digest information that contributes to Tcc Steel's financial success or failures. It also enables traders to predict the movement of Tcc Stock. The fundamental analysis module provides a way to measure Tcc Steel's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Tcc Steel stock.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Tcc Steel Company Net Income Analysis

Tcc Steel's Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.

Net Income

 = 

(Rev + Gain)

-

(Exp + Loss)

More About Net Income | All Equity Analysis

Current Tcc Steel Net Income

    
  28.81 B  
Most of Tcc Steel's fundamental indicators, such as Net Income, 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, Tcc Steel is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Competition

Based on the recorded statements, Tcc Steel reported net income of 28.81 B. This is much higher than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The net income for all Republic of Korea stocks is notably lower than that of the firm.

Tcc Net Income Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Tcc Steel's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Tcc Steel could also be used in its relative valuation, which is a method of valuing Tcc Steel by comparing valuation metrics of similar companies.
Tcc Steel is currently under evaluation in net income category among its peers.

Tcc Fundamentals

About Tcc Steel Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Tcc Steel's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Tcc Steel using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Tcc Steel based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

Pair Trading with Tcc 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 Tcc 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 Tcc Steel will appreciate offsetting losses from the drop in the long position's value.

Moving together with Tcc Stock

  0.87051910 LG ChemicalsPairCorr
  0.86005490 POSCO HoldingsPairCorr
  0.78009830 Hanwha SolutionsPairCorr
  0.87011170 Lotte Chemical CorpPairCorr
  0.83004020 Hyundai SteelPairCorr

Moving against Tcc Stock

  0.47003030 Seah Steel CorpPairCorr
The ability to find closely correlated positions to Tcc 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 Tcc 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 Tcc 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 Tcc Steel to buy it.
The correlation of Tcc 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 Tcc Steel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tcc 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 Tcc 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Tcc Stock

Tcc Steel financial ratios help investors to determine whether Tcc 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 Tcc with respect to the benefits of owning Tcc Steel security.