Histeel Stock Cash Per Share

071090 Stock   2,845  15.00  0.53%   
Histeel fundamentals help investors to digest information that contributes to Histeel's financial success or failures. It also enables traders to predict the movement of Histeel Stock. The fundamental analysis module provides a way to measure Histeel'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 Histeel 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.

Histeel Company Cash Per Share Analysis

Histeel's Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.

Cash Per Share

 = 

Total Cash

Average Shares

More About Cash Per Share | All Equity Analysis
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
Competition

In accordance with the recently published financial statements, Histeel has a Cash Per Share of 0.0 times. This is 100.0% lower than that of the Metals & Mining sector and about the same as Materials (which currently averages 0.0) industry. The cash per share for all Republic of Korea stocks is 100.0% higher than that of the company.

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Histeel Fundamentals

About Histeel Fundamental Analysis

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

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

Moving together with Histeel Stock

  0.88051910 LG ChemicalsPairCorr
  0.83005490 POSCO HoldingsPairCorr
  0.8009830 Hanwha SolutionsPairCorr
  0.8011170 Lotte Chemical CorpPairCorr
  0.8004020 Hyundai SteelPairCorr

Moving against Histeel Stock

  0.64078160 MEDIPOSTPairCorr
  0.61039240 Gyeongnam SteelPairCorr
  0.59003535 Hanwha InvestmentSecuriPairCorr
  0.56230240 Hana Financial 7PairCorr
  0.51058400 Korea New NetworkPairCorr
The ability to find closely correlated positions to Histeel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Histeel 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 Histeel - 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 Histeel to buy it.
The correlation of Histeel 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 Histeel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Histeel 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 Histeel 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 Histeel Stock

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