Daedong Steel (Korea) Today
| 048470 Stock | 3,715 5.00 0.13% |
Performance0 of 100
| Odds Of DistressLess than 9
|
Daedong Steel is trading at 3715.00 as of the 26th of April 2024, a -0.13 percent decrease since the beginning of the trading day. The stock's open price was 3720.0. Daedong Steel has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Daedong Steel Co are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of March 2024 and ending today, the 26th of April 2024. Click here to learn more.
Daedong Steel Co., Ltd. manufactures and sells various steel products. The company has 9.92 M outstanding shares. More on Daedong Steel Co
Moving together with Daedong Stock
| 0.69 | 053260 | Keum Kang Steel | PairCorr |
Follow Valuation Odds of Bankruptcy
Check how we calculate scores
Daedong Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Daedong Steel's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Daedong Steel or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| President CEO, Director | Hyeong Yim |
| Thematic Idea | Iron (View all Themes) |
| Business Concentration | Iron, Metals & Mining, Materials (View all Sectors) |
Daedong Steel Co (048470) is traded on KOSDAQ in Korea and employs 9 people. The company currently falls under 'Large-Cap' category with a current market capitalization of 44.35 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Daedong Steel's market, we take the total number of its shares issued and multiply it by Daedong Steel's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Daedong Steel operates under Materials sector and is part of Metals & Mining industry. The entity has 9.92 M outstanding shares.
Daedong Steel Co has accumulated about 10.19 B in cash with (13 B) of positive cash flow from operations.
Check Daedong Steel Probability Of Bankruptcy
Ownership AllocationDaedong Steel retains a total of 9.92 Million outstanding shares. Daedong Steel Co retains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Daedong Ownership Details
Daedong Stock Price Odds Analysis
What are Daedong Steel's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Daedong Steel jumping above the current price in 90 days from now is about 85.68%. The Daedong Steel Co probability density function shows the probability of Daedong Steel stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Daedong Steel has a beta of 0.0089. This suggests as returns on the market go up, Daedong Steel average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Daedong Steel Co will be expected to be much smaller as well. Additionally, daedong Steel Co has an alpha of 0.001, implying that it can generate a 9.94E-4 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Daedong Steel to move above the current price in 90 days from now is about 85.68 (This Daedong Steel Co probability density function shows the probability of Daedong Stock to fall within a particular range of prices over 90 days) .
Daedong Steel Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Daedong Steel market risk premium is the additional return an investor will receive from holding Daedong Steel long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Daedong Steel. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Daedong Steel's alpha and beta are two of the key measurements used to evaluate Daedong Steel's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.41 | |||
| Semi Deviation | 1.47 | |||
| Standard Deviation | 1.91 | |||
| Variance | 3.66 |
Daedong Stock Against Markets
Picking the right benchmark for Daedong Steel stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Daedong Steel stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Daedong Steel is critical whether you are bullish or bearish towards Daedong Steel Co at a given time. Please also check how Daedong Steel's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Daedong Steel without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Technical Analysis Now
Technical AnalysisCheck basic technical indicators and analysis based on most latest market data |
| All Next | Launch Module |
Daedong Steel Corporate Directors
Daedong Steel corporate directors refer to members of a Daedong Steel board of directors. The board of directors generally takes responsibility for the Daedong Steel's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Daedong Steel's board members must vote for the resolution. The Daedong Steel board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.How to buy Daedong Stock?
Before investing in Daedong Steel, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Daedong Steel. To buy Daedong Steel stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Daedong Steel. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Daedong Steel stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Daedong Steel Co stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Daedong Steel Co stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Daedong Steel Co, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Daedong Steel Co?
The danger of trading Daedong Steel Co is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Daedong Steel is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Daedong Steel. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Daedong Steel is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Daedong Steel Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Daedong Steel information on this page should be used as a complementary analysis to other Daedong Steel's 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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Complementary Tools for Daedong Stock analysis
When running Daedong Steel's price analysis, check to measure Daedong Steel's 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 Daedong Steel is operating at the current time. Most of Daedong Steel's value examination focuses on studying past and present price action to predict the probability of Daedong Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Daedong Steel's price. Additionally, you may evaluate how the addition of Daedong Steel to your portfolios can decrease your overall portfolio volatility.
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Global Correlations Find global opportunities by holding instruments from different markets |