Pungguk Ethanol Industrial Stock Price To Book

023900 Stock   9,050  70.00  0.77%   
Pungguk Ethanol Industrial fundamentals help investors to digest information that contributes to Pungguk Ethanol's financial success or failures. It also enables traders to predict the movement of Pungguk Stock. The fundamental analysis module provides a way to measure Pungguk Ethanol'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 Pungguk Ethanol 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.

Pungguk Ethanol Industrial Company Price To Book Analysis

Pungguk Ethanol's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.

P/B

 = 

MV Per Share

BV Per Share

More About Price To Book | All Equity Analysis
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Competition

Based on the latest financial disclosure, Pungguk Ethanol Industrial has a Price To Book of 0.0 times. This indicator is about the same for the Beverages average (which is currently at 0.0) sector and about the same as Consumer Staples (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).

Pungguk Price To Book Peer Comparison

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

Pungguk Fundamentals

About Pungguk Ethanol Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Pungguk Ethanol Industrial's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Pungguk Ethanol using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Pungguk Ethanol 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 Pungguk Ethanol

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 Pungguk Ethanol 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 Pungguk Ethanol will appreciate offsetting losses from the drop in the long position's value.

Moving together with Pungguk Stock

  0.68373220 LG Energy SolutionPairCorr

Moving against Pungguk Stock

  0.52000660 SK HynixPairCorr
  0.48207940 Samsung BiologicsPairCorr
The ability to find closely correlated positions to Pungguk Ethanol could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pungguk Ethanol 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 Pungguk Ethanol - 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 Pungguk Ethanol Industrial to buy it.
The correlation of Pungguk Ethanol 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 Pungguk Ethanol moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pungguk Ethanol Indu 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 Pungguk Ethanol 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 Pungguk Stock

Pungguk Ethanol financial ratios help investors to determine whether Pungguk 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 Pungguk with respect to the benefits of owning Pungguk Ethanol security.