Shinhan Inverse Copper Stock Return On Asset
| 500008 Stock | 5,515 75.00 1.34% |
Shinhan Inverse Copper fundamentals help investors to digest information that contributes to Shinhan Inverse's financial success or failures. It also enables traders to predict the movement of Shinhan Stock. The fundamental analysis module provides a way to measure Shinhan Inverse'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 Shinhan Inverse stock.
Shinhan |
Shinhan Inverse Copper Company Return On Asset Analysis
Shinhan Inverse'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.
| Competition |
Based on the latest financial disclosure, Shinhan Inverse Copper has a Return On Asset of 0.0. 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).
Shinhan Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Shinhan Inverse'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 Shinhan Inverse could also be used in its relative valuation, which is a method of valuing Shinhan Inverse by comparing valuation metrics of similar companies.Shinhan Inverse is currently under evaluation in return on asset category among its peers.
About Shinhan Inverse Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Shinhan Inverse Copper's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Shinhan Inverse using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Shinhan Inverse Copper 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 Shinhan Inverse
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 Shinhan Inverse 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 Shinhan Inverse will appreciate offsetting losses from the drop in the long position's value.Moving against Shinhan Stock
| 0.7 | 147760 | Microfriend | PairCorr |
| 0.5 | 053080 | Wonbang Tech | PairCorr |
| 0.45 | 215480 | Daewoo SBI SPAC | PairCorr |
| 0.4 | 033240 | Jahwa Electron | PairCorr |
| 0.37 | 293780 | AptaBio Therapeutics | PairCorr |
The ability to find closely correlated positions to Shinhan Inverse could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shinhan Inverse 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 Shinhan Inverse - 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 Shinhan Inverse Copper to buy it.
The correlation of Shinhan Inverse 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 Shinhan Inverse moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shinhan Inverse Copper 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 Shinhan Inverse 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 Shinhan Stock
Shinhan Inverse financial ratios help investors to determine whether Shinhan 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 Shinhan with respect to the benefits of owning Shinhan Inverse security.