Hanwha Life Insurance Stock Cash And Equivalents
| 088350 Stock | 2,505 5.00 0.20% |
Hanwha Life Insurance fundamentals help investors to digest information that contributes to Hanwha Life's financial success or failures. It also enables traders to predict the movement of Hanwha Stock. The fundamental analysis module provides a way to measure Hanwha Life'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 Hanwha Life stock.
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Hanwha Life Insurance Company Cash And Equivalents Analysis
Hanwha Life's Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
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In accordance with the recently published financial statements, Hanwha Life Insurance has 0.0 in Cash And Equivalents. This indicator is about the same for the Other 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).
Hanwha Cash And Equivalents Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Hanwha Life's direct or indirect competition against its Cash And Equivalents to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Hanwha Life could also be used in its relative valuation, which is a method of valuing Hanwha Life by comparing valuation metrics of similar companies.Hanwha Life is currently under evaluation in cash and equivalents category among its peers.
About Hanwha Life Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Hanwha Life Insurance's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Hanwha Life using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Hanwha Life Insurance 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 Hanwha Life
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 Hanwha Life 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 Hanwha Life will appreciate offsetting losses from the drop in the long position's value.Moving together with Hanwha Stock
Moving against Hanwha Stock
The ability to find closely correlated positions to Hanwha Life could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hanwha Life 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 Hanwha Life - 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 Hanwha Life Insurance to buy it.
The correlation of Hanwha Life 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 Hanwha Life moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hanwha Life Insurance 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 Hanwha Life 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 Hanwha Stock
Hanwha Life financial ratios help investors to determine whether Hanwha 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 Hanwha with respect to the benefits of owning Hanwha Life security.