Doosan Total Asset vs. Beta
| 000157 Stock | 117,100 100.00 0.09% |
For Doosan profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Doosan to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Doosan Co utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Doosan's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Doosan Co over time as well as its relative position and ranking within its peers.
Doosan |
Doosan Beta vs. Total Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Doosan's current stock value. Our valuation model uses many indicators to compare Doosan value to that of its competitors to determine the firm's financial worth. Doosan Co is number one stock in total asset category among its peers. It also is number one stock in beta category among its peers . The ratio of Total Asset to Beta for Doosan Co is about Huge . Comparative valuation analysis is a catch-all model that can be used if you cannot value Doosan by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Doosan's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Doosan Beta vs. Total Asset
Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
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| = | 26.01 T |
Total Asset is typically divided on the balance sheet on current asset and long-term asset. Long-term is the value of company property and other capital assets that are expected to be useable for more than one year. Long term assets are reported net of depreciation. On the other hand current assets are assets that are expected to be sold or converted to cash as part of normal business operation.
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
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| = | 1.3 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Doosan Beta Comparison
Doosan is currently under evaluation in beta category among its peers.
Beta Analysis
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Doosan will likely underperform.
Doosan Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Doosan. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Doosan position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Doosan's important profitability drivers and their relationship over time.
Use Doosan in pair-trading
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 Doosan 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 Doosan will appreciate offsetting losses from the drop in the long position's value.Doosan Pair Trading
Doosan Co Pair Trading Analysis
The ability to find closely correlated positions to Doosan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Doosan 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 Doosan - 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 Doosan Co to buy it.
The correlation of Doosan 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 Doosan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Doosan 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 Doosan 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.Use Investing Themes to Complement your Doosan position
In addition to having Doosan in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Dividend Beast
An experimental equal-weighted theme of equities with high dividend yield and solid fundamentals based on Macroaxis rating system. The Dividend Beast theme has 65 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Dividend Beast Theme or any other thematic opportunities.
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Other Information on Investing in Doosan Stock
To fully project Doosan's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Doosan at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Doosan's income statement, its balance sheet, and the statement of cash flows.