Taeyang Metal Industrial Stock Return On Asset
| 004105 Stock | 4,225 45.00 1.08% |
Taeyang Metal Industrial fundamentals help investors to digest information that contributes to Taeyang Metal's financial success or failures. It also enables traders to predict the movement of Taeyang Stock. The fundamental analysis module provides a way to measure Taeyang Metal'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 Taeyang Metal stock.
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Taeyang Metal Industrial Company Return On Asset Analysis
Taeyang Metal's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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Based on the latest financial disclosure, Taeyang Metal Industrial has a Return On Asset of 0.0. This indicator is about the same for the average (which is currently at 0.0) sector and about the same as Other (which currently averages 0.0) industry. This indicator is about the same for all Republic of Korea stocks average (which is currently at 0.0).
Taeyang Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Taeyang Metal's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Taeyang Metal could also be used in its relative valuation, which is a method of valuing Taeyang Metal by comparing valuation metrics of similar companies.Taeyang Metal is currently under evaluation in return on asset category among its peers.
About Taeyang Metal Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Taeyang Metal Industrial's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Taeyang Metal using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Taeyang Metal Industrial 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 Taeyang Metal
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 Taeyang Metal 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 Taeyang Metal will appreciate offsetting losses from the drop in the long position's value.Moving together with Taeyang Stock
The ability to find closely correlated positions to Taeyang Metal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Taeyang Metal 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 Taeyang Metal - 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 Taeyang Metal Industrial to buy it.
The correlation of Taeyang Metal 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 Taeyang Metal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Taeyang Metal Industrial 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 Taeyang Metal 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 Taeyang Stock
Taeyang Metal financial ratios help investors to determine whether Taeyang 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 Taeyang with respect to the benefits of owning Taeyang Metal security.