Amogreentech Co Stock Current Ratio
| 125210 Stock | 6,400 40.00 0.63% |
Amogreentech Co fundamentals help investors to digest information that contributes to Amogreentech's financial success or failures. It also enables traders to predict the movement of Amogreentech Stock. The fundamental analysis module provides a way to measure Amogreentech'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 Amogreentech stock.
Amogreentech |
Amogreentech Co Company Current Ratio Analysis
Amogreentech's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
| Competition |
In accordance with the recently published financial statements, Amogreentech Co has a Current Ratio of 0.0 times. This indicator is about the same for the average (which is currently at 0.0) sector and about the same as Electrical Equipment (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).
Amogreentech Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Amogreentech's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Amogreentech could also be used in its relative valuation, which is a method of valuing Amogreentech by comparing valuation metrics of similar companies.Amogreentech is currently under evaluation in current ratio category among its peers.
About Amogreentech Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Amogreentech Co's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Amogreentech using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Amogreentech Co 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 Amogreentech
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 Amogreentech 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 Amogreentech will appreciate offsetting losses from the drop in the long position's value.Moving together with Amogreentech Stock
Moving against Amogreentech Stock
The ability to find closely correlated positions to Amogreentech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amogreentech 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 Amogreentech - 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 Amogreentech Co to buy it.
The correlation of Amogreentech 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 Amogreentech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amogreentech 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 Amogreentech 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 Amogreentech Stock
Amogreentech financial ratios help investors to determine whether Amogreentech 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 Amogreentech with respect to the benefits of owning Amogreentech security.