Daedong Metals (Korea) Today

020400 Stock  KRW 9,020  40.00  0.44%   

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Daedong Metals is trading at 9020.00 as of the 28th of March 2024, a -0.44 percent decrease since the beginning of the trading day. The stock's open price was 9060.0. Daedong Metals has less than a 16 % chance of experiencing some financial distress in the next two years of operation, but has generated negative returns over the last 90 days. Equity ratings for Daedong Metals Co are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Daedong Metals Co., Ltd. produces and sells casting parts for agricultural machinery, heavy equipment, and automotive markets in South Korea. Daedong Metals Co., Ltd. is a subsidiary of Daedong Industrial Co., Ltd. DaedongMetal is traded on Korean Securities Dealers Automated Quotations in South Korea.. The company has 2.4 M outstanding shares. More on Daedong Metals Co

Moving together with Daedong Stock

  0.75128540 EcocabPairCorr
  0.7126640 Hwashin PrecisionPairCorr
  0.78265560 YOUNGHWA TECHPairCorr

Moving against Daedong Stock

  0.57000660 SK HynixPairCorr
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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 Metals' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Daedong Metals or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO, DirectorSeong Lee
Thematic Ideas
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Business ConcentrationCopper, Aluminum, Auto Components, Consumer Discretionary (View all Sectors)
Daedong Metals Co (020400) is traded on KOSDAQ in Korea and employs 110 people. The company currently falls under 'Large-Cap' category with a current market capitalization of 22.99 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Daedong Metals's market, we take the total number of its shares issued and multiply it by Daedong Metals'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 Metals operates under Consumer Discretionary sector and is part of Auto Components industry. The entity has 2.4 M outstanding shares. Daedong Metals Co has accumulated about 125.92 M in cash with (1.4 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.96.
Check Daedong Metals Probability Of Bankruptcy
Ownership Allocation
The market capitalization of Daedong Metals is W22.99 Billion. Daedong Metals 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 even with substantial debt, if the true value of the firm is larger than the current market value, you may still be able to generate positive returns on investment in this company at some point.
Check Daedong Ownership Details

Daedong Stock Price Odds Analysis

What are Daedong Metals' target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Daedong Metals jumping above the current price in 90 days from now is about 75.17%. The Daedong Metals Co probability density function shows the probability of Daedong Metals stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Daedong Metals has a beta of 0.3205. This suggests as returns on the market go up, Daedong Metals average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Daedong Metals Co will be expected to be much smaller as well. Additionally, daedong Metals Co has an alpha of 0.2576, implying that it can generate a 0.26 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 9020.0HorizonTargetOdds Above 9020.0
24.73%90 days
 9,020 
75.17%
Based on a normal probability distribution, the odds of Daedong Metals to move above the current price in 90 days from now is about 75.17 (This Daedong Metals Co probability density function shows the probability of Daedong Stock to fall within a particular range of prices over 90 days) .

Daedong Metals Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Daedong Metals market risk premium is the additional return an investor will receive from holding Daedong Metals 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 Metals. 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 Metals' alpha and beta are two of the key measurements used to evaluate Daedong Metals' performance over the market, the standard measures of volatility play an important role as well.

Daedong Stock Against Markets

Picking the right benchmark for Daedong Metals 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 Metals 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 Metals is critical whether you are bullish or bearish towards Daedong Metals Co at a given time. Please also check how Daedong Metals' 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 Metals 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.

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How to buy Daedong Stock?

Before investing in Daedong Metals, 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 Metals. To buy Daedong Metals stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Daedong Metals. 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 Metals stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Daedong Metals 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 Metals 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 Metals 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 Metals Co?

The danger of trading Daedong Metals 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 Metals 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 Metals. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Daedong Metals 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 Metals 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 board of governors.
You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.

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When running Daedong Metals' price analysis, check to measure Daedong Metals' 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 Metals is operating at the current time. Most of Daedong Metals' value examination focuses on studying past and present price action to predict the probability of Daedong Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Daedong Metals' price. Additionally, you may evaluate how the addition of Daedong Metals to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Daedong Metals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Daedong Metals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Daedong Metals' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.