Wonik Holdings Working Capital vs. Current Ratio
| 030530 Stock | KRW 3,510 30.00 0.86% |
For Wonik Holdings profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Wonik Holdings to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Wonik Holdings Co utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Wonik Holdings's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Wonik Holdings Co over time as well as its relative position and ranking within its peers.
Wonik |
Wonik Holdings Current Ratio vs. Working Capital Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Wonik Holdings's current stock value. Our valuation model uses many indicators to compare Wonik Holdings value to that of its competitors to determine the firm's financial worth. Wonik Holdings Co is number one stock in working capital category among related companies. It is number one stock in current ratio category among related companies . Comparative valuation analysis is a catch-all model that can be used if you cannot value Wonik Holdings by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Wonik Holdings' 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. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Wonik Holdings' earnings, one of the primary drivers of an investment's value.Wonik Current Ratio vs. Working Capital
Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
Wonik Holdings |
| = | (327.11 B) |
Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.
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.
Wonik Holdings |
| = | 1.21 X |
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).
Wonik Current Ratio Comparison
Wonik Holdings is currently under evaluation in current ratio category among related companies.
Wonik Holdings Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Wonik Holdings, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Wonik Holdings will eventually generate negative long term returns. The profitability progress is the general direction of Wonik Holdings' change in net profit over the period of time. It can combine multiple indicators of Wonik Holdings, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Wonik Holdings CO., LTD manufactures and sells semiconductor and electronic equipment, and other products. The company was founded in 1991 and is headquartered in Pyeongtaek, South Korea. WONIK HOLDINGS is traded on Korean Securities Dealers Automated Quotations in South Korea.
Wonik Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Wonik Holdings. 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 Wonik Holdings 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 Wonik Holdings' important profitability drivers and their relationship over time.
Use Wonik Holdings 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 Wonik Holdings 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 Wonik Holdings will appreciate offsetting losses from the drop in the long position's value.Wonik Holdings Pair Trading
Wonik Holdings Co Pair Trading Analysis
The ability to find closely correlated positions to Wonik Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wonik Holdings 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 Wonik Holdings - 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 Wonik Holdings Co to buy it.
The correlation of Wonik Holdings 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 Wonik Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wonik Holdings 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 Wonik Holdings 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 Wonik Holdings position
In addition to having Wonik Holdings 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?
Run Financials Thematic Idea Now
Financials
Companies that provide financial services to business or retail customers. The Financials theme has 20 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 Financials Theme or any other thematic opportunities.
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Check out Trending Equities. Note that the Wonik Holdings information on this page should be used as a complementary analysis to other Wonik Holdings' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Complementary Tools for Wonik Stock analysis
When running Wonik Holdings' price analysis, check to measure Wonik Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Wonik Holdings is operating at the current time. Most of Wonik Holdings' value examination focuses on studying past and present price action to predict the probability of Wonik Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wonik Holdings' price. Additionally, you may evaluate how the addition of Wonik Holdings to your portfolios can decrease your overall portfolio volatility.
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To fully project Wonik Holdings' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Wonik Holdings 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 Wonik Holdings' income statement, its balance sheet, and the statement of cash flows.