25 XP   0   0   10

Mirae Asset Life Insurance Co Ltd
Buy, Hold or Sell?

Let's analyse Life together

PenkeI guess you are interested in Mirae Asset Life Insurance Co Ltd. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Mirae Asset Life Insurance Co Ltd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

Get notifications about Mirae Asset Life Insurance Co Ltd

I send you an email if I find something interesting about Mirae Asset Life Insurance Co Ltd.

Quick analysis of Life (30 sec.)










What can you expect buying and holding a share of Life? (30 sec.)

How much money do you get?

How much money do you get?
₩0.00
When do you have the money?
1 year
How often do you get paid?
52.8%

What is your share worth?

Current worth
₩23,094.18
Expected worth in 1 year
₩36,073.14
How sure are you?
63.9%

+ What do you gain per year?

Total Gains per Share
₩12,978.96
Return On Investment
281.8%

For what price can you sell your share?

Current Price per Share
₩4,605.00
Expected price per share
₩4,405 - ₩6,500
How sure are you?
50%

1. Valuation of Life (5 min.)




Live pricePrice per Share (EOD)

₩4,605.00

Intrinsic Value Per Share

₩59,300.60 - ₩72,680.71

Total Value Per Share

₩82,394.79 - ₩95,774.90

2. Growth of Life (5 min.)




Is Life growing?

Current yearPrevious yearGrowGrow %
How rich?$2.1b$1.1b$674.9m38.0%

How much money is Life making?

Current yearPrevious yearGrowGrow %
Making money$29.9m$21.1m$8.8m29.4%
Net Profit Margin4.2%4.2%--

How much money comes from the company's main activities?

3. Financial Health of Life (5 min.)




What can you expect buying and holding a share of Life? (5 min.)

Welcome investor! Life's management wants to use your money to grow the business. In return you get a share of Life.

What can you expect buying and holding a share of Life?

First you should know what it really means to hold a share of Life. And how you can make/lose money.

Speculation

The Price per Share of Life is ₩4,605. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Life.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Life, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is ₩23,094.18. Based on the TTM, the Book Value Change Per Share is ₩3,244.74 per quarter. Based on the YOY, the Book Value Change Per Share is ₩-1,120.69 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is ₩0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Life.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 % of Price per Share% of Price per Share% of Price per Share% of Price per Share% of Price per Share
Usd Eps0.320.0%0.420.0%0.160.0%0.180.0%0.170.0%
Usd Book Value Change Per Share0.360.0%2.270.0%-0.780.0%0.380.0%0.450.0%
Usd Dividend Per Share0.000.0%0.000.0%0.050.0%0.080.0%0.060.0%
Usd Total Gains Per Share0.360.0%2.270.0%-0.730.0%0.460.0%0.510.0%
Usd Price Per Share3.30-2.43-2.41-2.70-3.36-
Price to Earnings Ratio2.55-1.74-4.31-64.41-51.35-
Price-to-Total Gains Ratio9.25-15.17-10.72-15.72-8.83-
Price to Book Ratio0.20-0.19-0.28-0.26-0.35-
Price-to-Total Gains Ratio9.25-15.17-10.72-15.72-8.83-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share3.2235
Number of shares310
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.08
Usd Book Value Change Per Share2.270.38
Usd Total Gains Per Share2.270.46
Gains per Quarter (310 shares)704.11143.43
Gains per Year (310 shares)2,816.43573.70
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1028162806103470564
20563356222079411138
308449843831014111712
40112661125441418812286
50140821407051723512860
60168991688662028223434
70197151970272432924008
80225312251882737624582
90253482533493142335156
1002816428150103447035730

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%11.01.00.091.7%19.01.00.095.0%35.01.00.097.2%35.01.00.097.2%
Book Value Change Per Share4.00.00.0100.0%4.08.00.033.3%12.08.00.060.0%20.015.01.055.6%20.015.01.055.6%
Dividend per Share0.00.04.00.0%6.00.06.050.0%13.00.07.065.0%19.00.017.052.8%19.00.017.052.8%
Total Gains per Share4.00.00.0100.0%6.06.00.050.0%14.06.00.070.0%23.012.01.063.9%23.012.01.063.9%

Fundamentals of Life

About Mirae Asset Life Insurance Co Ltd

MIRAE ASSET Life Insurance Co., Ltd provides personal insurance products and undertakes related reinsurance contracts in South Korea. The company offers pension/savings, whole life/term, cancer/health, and retirement pension insurance products, as well as insurance loans. MIRAE ASSET Life Insurance Co., Ltd. was founded in 1988 and is headquartered in Seoul, South Korea.

Fundamental data was last updated by Penke on 2024-03-24 23:17:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is very efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is cheap.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of Mirae Asset Life Insurance Co Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Life earns for each ₩1 of revenue.

  • Above 10% is considered healthy but always compare Life to the Insurance - Life industry mean.
  • A Net Profit Margin of 10.5% means that ₩0.11 for each ₩1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Mirae Asset Life Insurance Co Ltd:

  • The MRQ is 10.5%. The company is making a huge profit. +2
  • The TTM is 4.2%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ10.5%TTM4.2%+6.3%
TTM4.2%YOY4.2%+0.0%
TTM4.2%5Y3.6%+0.6%
5Y3.6%10Y3.4%+0.2%
1.1.2. Return on Assets

Shows how efficient Life is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Life to the Insurance - Life industry mean.
  • 0.2% Return on Assets means that Life generated ₩0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Mirae Asset Life Insurance Co Ltd:

  • The MRQ is 0.2%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.1%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.2%TTM0.1%+0.1%
TTM0.1%YOY0.1%+0.1%
TTM0.1%5Y0.1%+0.1%
5Y0.1%10Y0.1%0.0%
1.1.3. Return on Equity

Shows how efficient Life is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Life to the Insurance - Life industry mean.
  • 2.0% Return on Equity means Life generated ₩0.02 for each ₩1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Mirae Asset Life Insurance Co Ltd:

  • The MRQ is 2.0%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 1.1%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ2.0%TTM1.1%+0.9%
TTM1.1%YOY2.0%-0.9%
TTM1.1%5Y1.3%-0.2%
5Y1.3%10Y1.5%-0.2%

1.2. Operating Efficiency of Mirae Asset Life Insurance Co Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Life is operating .

  • Measures how much profit Life makes for each ₩1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Life to the Insurance - Life industry mean.
  • An Operating Margin of 0.0% means the company generated ₩0.00  for each ₩1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Mirae Asset Life Insurance Co Ltd:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM4.9%-4.9%
TTM4.9%YOY-8.5%+13.4%
TTM4.9%5Y0.0%+5.0%
5Y0.0%10Y0.8%-0.8%
1.2.2. Operating Ratio

Measures how efficient Life is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Insurance - Life industry mean).
  • An Operation Ratio of 0.89 means that the operating costs are ₩0.89 for each ₩1 in net sales.

Let's take a look of the Operating Ratio trends of Mirae Asset Life Insurance Co Ltd:

  • The MRQ is 0.889. The company is less efficient in keeping operating costs low.
  • The TTM is 0.496. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.889TTM0.496+0.394
TTM0.496YOY0.469+0.027
TTM0.4965Y0.812-0.316
5Y0.81210Y0.715+0.097

1.3. Liquidity of Mirae Asset Life Insurance Co Ltd.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Life is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Insurance - Life industry mean).
  • A Current Ratio of 0.00 means the company has ₩0.00 in assets for each ₩1 in short-term debts.

Let's take a look of the Current Ratio trends of Mirae Asset Life Insurance Co Ltd:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM97.875-97.875
TTM97.875YOY2.865+95.011
TTM97.8755Y22.205+75.670
5Y22.20510Y12.960+9.245
1.3.2. Quick Ratio

Measures if Life is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Life to the Insurance - Life industry mean.
  • A Quick Ratio of 0.00 means the company can pay off ₩0.00 for each ₩1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Mirae Asset Life Insurance Co Ltd:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM37.943-37.943
TTM37.943YOY9.145+28.798
TTM37.9435Y16.266+21.676
5Y16.26610Y9.058+7.209

1.4. Solvency of Mirae Asset Life Insurance Co Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Life assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Life to Insurance - Life industry mean.
  • A Debt to Asset Ratio of 0.91 means that Life assets are financed with 90.6% credit (debt) and the remaining percentage (100% - 90.6%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Mirae Asset Life Insurance Co Ltd:

  • The MRQ is 0.906. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.924. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.906TTM0.924-0.017
TTM0.924YOY0.961-0.037
TTM0.9245Y0.942-0.018
5Y0.94210Y0.940+0.002
1.4.2. Debt to Equity Ratio

Measures if Life is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Life to the Insurance - Life industry mean.
  • A Debt to Equity ratio of 969.0% means that company has ₩9.69 debt for each ₩1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Mirae Asset Life Insurance Co Ltd:

  • The MRQ is 9.690. The company is unable to pay all its debts with equity. -1
  • The TTM is 14.383. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ9.690TTM14.383-4.693
TTM14.383YOY24.876-10.493
TTM14.3835Y17.778-3.395
5Y17.77810Y16.609+1.169

2. Market Valuation of Mirae Asset Life Insurance Co Ltd

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every ₩1 in earnings Life generates.

  • Above 15 is considered overpriced but always compare Life to the Insurance - Life industry mean.
  • A PE ratio of 2.55 means the investor is paying ₩2.55 for every ₩1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Mirae Asset Life Insurance Co Ltd:

  • The EOD is 2.487. Based on the earnings, the company is cheap. +2
  • The MRQ is 2.547. Based on the earnings, the company is cheap. +2
  • The TTM is 1.745. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD2.487MRQ2.547-0.059
MRQ2.547TTM1.745+0.802
TTM1.745YOY4.314-2.569
TTM1.7455Y64.410-62.665
5Y64.41010Y51.353+13.057
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Mirae Asset Life Insurance Co Ltd:

  • The EOD is 0.735. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 0.753. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 0.261. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.735MRQ0.753-0.018
MRQ0.753TTM0.261+0.492
TTM0.261YOY-1.263+1.523
TTM0.2615Y-0.293+0.553
5Y-0.29310Y-0.381+0.089
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Life is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Insurance - Life industry mean).
  • A PB ratio of 0.20 means the investor is paying ₩0.20 for each ₩1 in book value.

Let's take a look of the Price to Book Ratio trends of Mirae Asset Life Insurance Co Ltd:

  • The EOD is 0.199. Based on the equity, the company is cheap. +2
  • The MRQ is 0.204. Based on the equity, the company is cheap. +2
  • The TTM is 0.193. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.199MRQ0.204-0.005
MRQ0.204TTM0.193+0.012
TTM0.193YOY0.284-0.092
TTM0.1935Y0.258-0.065
5Y0.25810Y0.350-0.092
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Mirae Asset Life Insurance Co Ltd compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--509.6473244.739-84%-1120.691+320%541.815-6%641.505-21%
Book Value Per Share--23094.18419456.079+19%12065.937+91%15679.018+47%14627.831+58%
Current Ratio---97.875-100%2.865-100%22.205-100%12.960-100%
Debt To Asset Ratio--0.9060.924-2%0.961-6%0.942-4%0.940-4%
Debt To Equity Ratio--9.69014.383-33%24.876-61%17.778-45%16.609-42%
Dividend Per Share----0%74.998-100%119.131-100%87.536-100%
Eps--462.840595.659-22%231.822+100%262.897+76%241.111+92%
Free Cash Flow Per Share--1566.123-2647.231+269%319.816+390%-424.676+127%-89.709+106%
Free Cash Flow To Equity Per Share--1566.123-4619.710+395%229.019+584%-864.010+155%-490.801+131%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--72680.715--------
Intrinsic Value_10Y_min--59300.604--------
Intrinsic Value_1Y_max---1335.949--------
Intrinsic Value_1Y_min---1317.293--------
Intrinsic Value_3Y_max--2554.740--------
Intrinsic Value_3Y_min--2306.358--------
Intrinsic Value_5Y_max--14364.740--------
Intrinsic Value_5Y_min--12767.624--------
Market Cap600860400000.000-2%615213200000.000453744200000.000+36%449177400000.000+37%534979780846.000+15%671754163650.556-8%
Net Profit Margin--0.1050.042+147%0.042+150%0.036+191%0.034+207%
Operating Margin---0.049-100%-0.0850%0.0000%0.008-100%
Operating Ratio--0.8890.496+79%0.469+90%0.812+10%0.715+24%
Pb Ratio0.199-2%0.2040.193+6%0.284-28%0.258-21%0.350-42%
Pe Ratio2.487-2%2.5471.745+46%4.314-41%64.410-96%51.353-95%
Price Per Share4605.000-2%4715.0003477.500+36%3442.500+37%3855.500+22%4793.194-2%
Price To Free Cash Flow Ratio0.735-2%0.7530.261+189%-1.263+268%-0.293+139%-0.381+151%
Price To Total Gains Ratio9.036-2%9.25215.170-39%10.723-14%15.720-41%8.834+5%
Quick Ratio---37.943-100%9.145-100%16.266-100%9.058-100%
Return On Assets--0.0020.001+40%0.001+147%0.001+129%0.001+105%
Return On Equity--0.0200.011+85%0.0200%0.013+54%0.015+37%
Total Gains Per Share--509.6473244.739-84%-1045.693+305%660.946-23%729.041-30%
Usd Book Value--2109330383.8251777040464.859+19%1102054446.105+91%1503390284.442+40%1422887310.216+48%
Usd Book Value Change Per Share--0.3572.271-84%-0.784+320%0.379-6%0.449-21%
Usd Book Value Per Share--16.16613.619+19%8.446+91%10.975+47%10.239+58%
Usd Dividend Per Share----0%0.052-100%0.083-100%0.061-100%
Usd Eps--0.3240.417-22%0.162+100%0.184+76%0.169+92%
Usd Free Cash Flow--143043375.902-241787454.923+269%29210758.091+390%-41047924.896+129%-3114277.646+102%
Usd Free Cash Flow Per Share--1.096-1.853+269%0.224+390%-0.297+127%-0.063+106%
Usd Free Cash Flow To Equity Per Share--1.096-3.234+395%0.160+584%-0.605+155%-0.344+131%
Usd Market Cap420602280.000-2%430649240.000317620940.000+36%314424180.000+37%374485846.592+15%470227914.555-8%
Usd Price Per Share3.224-2%3.3012.434+36%2.410+37%2.699+22%3.355-2%
Usd Profit--42273917.62329981046.293+41%21173692.367+100%20640682.619+105%21236990.258+99%
Usd Revenue--402471658.694597196650.967-33%504424802.284-20%540895047.278-26%594991782.522-32%
Usd Total Gains Per Share--0.3572.271-84%-0.732+305%0.463-23%0.510-30%
 EOD+4 -4MRQTTM+17 -16YOY+24 -105Y+21 -1310Y+20 -15

3.2. Fundamental Score

Let's check the fundamental score of Mirae Asset Life Insurance Co Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-152.487
Price to Book Ratio (EOD)Between0-10.199
Net Profit Margin (MRQ)Greater than00.105
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.000
Current Ratio (MRQ)Greater than10.000
Debt to Asset Ratio (MRQ)Less than10.906
Debt to Equity Ratio (MRQ)Less than19.690
Return on Equity (MRQ)Greater than0.150.020
Return on Assets (MRQ)Greater than0.050.002
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of Mirae Asset Life Insurance Co Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5038.852
Ma 20Greater thanMa 504,686.250
Ma 50Greater thanMa 1005,125.300
Ma 100Greater thanMa 2005,070.450
OpenGreater thanClose4,605.000
Total2/5 (40.0%)



Latest Balance Sheet

Balance Sheet of 2023-09-30. Currency in KRW. All numbers in thousands.

Summary
Total Assets32,212,292,311
Total Liabilities29,198,963,192
Total Stockholder Equity3,013,329,120
 As reported
Total Liabilities 29,198,963,192
Total Stockholder Equity+ 3,013,329,120
Total Assets = 32,212,292,311

Assets

Total Assets32,212,292,311
Total Current Assets0
Long-term Assets0
Total Current Assets
Cash And Cash Equivalents 658,468,082
Short-term Investments 11,032,722,029
Total Current Assets  (as reported)0
Total Current Assets  (calculated)11,691,190,111
+/- 11,691,190,111
Long-term Assets
Property Plant Equipment 92,572,749
Long Term Investments 27,285,178,823
Intangible Assets 39,506,415
Long-term Assets  (as reported)0
Long-term Assets  (calculated)27,417,257,987
+/- 27,417,257,987

Liabilities & Shareholders' Equity

Total Current Liabilities0
Long-term Liabilities0
Total Stockholder Equity3,013,329,120
Total Current Liabilities
Total Current Liabilities  (as reported)0
Total Current Liabilities  (calculated)0
+/-0
Long-term Liabilities
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)0
+/-0
Total Stockholder Equity
Retained Earnings 1,820,044,755
Total Stockholder Equity (as reported)3,013,329,120
Total Stockholder Equity (calculated)1,820,044,755
+/- 1,193,284,365
Other
Capital Stock990,714,745
Common Stock Shares Outstanding 130,480
Net Invested Capital 3,406,586,232
Property Plant and Equipment Gross 92,572,749



Balance Sheet

Currency in KRW. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-31
> Total Assets 
24,681,134,225
0
26,011,434,314
26,571,038,546
27,220,290,373
27,437,911,081
28,065,134,754
28,518,715,480
28,644,109,282
28,429,401,133
34,470,303,602
34,823,676,220
35,520,787,369
35,334,375,053
35,471,687,557
35,293,407,402
34,640,502,330
35,395,099,119
35,998,037,153
36,182,251,695
38,015,459,824
36,838,347,920
38,083,174,408
38,824,052,097
40,629,025,209
40,840,952,596
41,738,540,738
41,864,157,296
41,997,269,887
40,527,286,891
39,101,291,728
38,954,836,766
37,250,009,519
33,188,650,468
33,053,385,021
32,212,292,311
32,212,292,31133,053,385,02133,188,650,46837,250,009,51938,954,836,76639,101,291,72840,527,286,89141,997,269,88741,864,157,29641,738,540,73840,840,952,59640,629,025,20938,824,052,09738,083,174,40836,838,347,92038,015,459,82436,182,251,69535,998,037,15335,395,099,11934,640,502,33035,293,407,40235,471,687,55735,334,375,05335,520,787,36934,823,676,22034,470,303,60228,429,401,13328,644,109,28228,518,715,48028,065,134,75427,437,911,08127,220,290,37326,571,038,54626,011,434,314024,681,134,225
   > Total Current Assets 
0
0
0
0
0
0
0
0
0
0
1,936,436,943
2,001,189,663
2,026,706,721
2,065,626,088
2,005,112,750
1,841,218,839
2,038,641,357
2,112,208,683
2,399,488,356
2,269,636,885
2,212,692,405
1,888,148,183
1,998,253,177
1,640,285,540
2,629,457,109
2,320,504,272
2,288,650,675
2,741,953,657
2,462,296,129
1,783,172,694
1,938,587,313
1,907,462,704
0
29,277,334,198
29,222,240,415
0
029,222,240,41529,277,334,19801,907,462,7041,938,587,3131,783,172,6942,462,296,1292,741,953,6572,288,650,6752,320,504,2722,629,457,1091,640,285,5401,998,253,1771,888,148,1832,212,692,4052,269,636,8852,399,488,3562,112,208,6832,038,641,3571,841,218,8392,005,112,7502,065,626,0882,026,706,7212,001,189,6631,936,436,9430000000000
       Cash And Cash Equivalents 
5,000
0
0
0
5,000
5,000
5,000
5,000
5,000
5,000
8,000
6,000
7,000
5,000
5,000
5,000
5,000
193,182,385
398,636,792
251,911,277
383,823,540
191,066,444
191,757,985
184,253,894
314,996,650
214,405,710
249,533,502
451,465,688
254,233,094
249,346,939
242,514,546
245,188,628
528,823,165
732,390,529
600,912,410
658,468,082
658,468,082600,912,410732,390,529528,823,165245,188,628242,514,546249,346,939254,233,094451,465,688249,533,502214,405,710314,996,650184,253,894191,757,985191,066,444383,823,540251,911,277398,636,792193,182,3855,0005,0005,0005,0007,0006,0008,0005,0005,0005,0005,0005,0005,0000005,000
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
7,749,899,633
7,980,338,809
8,192,622,767
8,043,433,590
8,082,277,339
8,276,191,293
8,352,029,891
8,256,455,629
6,749,305,932
8,133,682,718
8,290,972,417
8,084,174,359
7,187,606,011
5,202,520,266
5,205,585,520
4,671,666,323
11,257,618,894
11,286,579,149
11,032,722,029
11,032,722,02911,286,579,14911,257,618,8944,671,666,3235,205,585,5205,202,520,2667,187,606,0118,084,174,3598,290,972,4178,133,682,7186,749,305,9328,256,455,6298,352,029,8918,276,191,2938,082,277,3398,043,433,5908,192,622,7677,980,338,8097,749,899,63300000000000000000
       Net Receivables 
0
0
0
0
0
0
0
0
0
0
25,313,000
89,618,000
48,536,272
75,650,000
70,567,000
85,451,000
26,886,655
110,204,000
89,554,000
66,670,000
25,920,000
39,687,000
22,317,000
68,274,000
28,648,000
28,525,000
26,490,000
28,924,000
31,280,000
28,953,000
29,573,000
19,633,000
60,626,000
66,260,000
70,283,000
0
070,283,00066,260,00060,626,00019,633,00029,573,00028,953,00031,280,00028,924,00026,490,00028,525,00028,648,00068,274,00022,317,00039,687,00025,920,00066,670,00089,554,000110,204,00026,886,65585,451,00070,567,00075,650,00048,536,27289,618,00025,313,0000000000000
       Other Current Assets 
0
0
0
0
0
0
0
0
0
0
787,755,621
732,316,346
866,132,334
815,032,850
798,107,807
759,310,149
876,110,481
851,588,279
1,029,917,938
893,793,985
1,052,236,418
853,116,599
834,527,327
300,192,545
1,016,584,718
870,005,733
910,489,777
1,137,724,223
997,767,137
980,301,506
969,768,669
983,390,851
0
1,505,785,796
1,367,571,009
0
01,367,571,0091,505,785,7960983,390,851969,768,669980,301,506997,767,1371,137,724,223910,489,777870,005,7331,016,584,718300,192,545834,527,327853,116,5991,052,236,418893,793,9851,029,917,938851,588,279876,110,481759,310,149798,107,807815,032,850866,132,334732,316,346787,755,6210000000000
   > Long-term Assets 000000000000000000000000000000000000
       Property Plant Equipment 
66,758,474
0
73,102,236
93,843,205
94,146,937
94,818,563
93,562,935
40,594,107
48,809,970
46,971,400
49,956,458
50,573,631
63,338,381
63,908,079
68,227,871
82,356,158
91,852,854
149,027,236
134,974,791
126,060,867
126,957,546
137,143,179
130,637,547
130,369,595
123,505,946
124,527,594
123,193,438
118,267,159
114,058,718
111,626,032
107,119,830
101,073,645
99,052,884
95,961,637
94,951,976
92,572,749
92,572,74994,951,97695,961,63799,052,884101,073,645107,119,830111,626,032114,058,718118,267,159123,193,438124,527,594123,505,946130,369,595130,637,547137,143,179126,957,546126,060,867134,974,791149,027,23691,852,85482,356,15868,227,87163,908,07963,338,38150,573,63149,956,45846,971,40048,809,97040,594,10793,562,93594,818,56394,146,93793,843,20573,102,236066,758,474
       Goodwill 
656,000
0
656,000
0
656,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000000000000000000656,0000656,0000656,000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
14,626,902,505
14,925,928,944
14,981,840,088
14,670,270,852
14,807,880,040
14,816,251,305
14,955,385,875
16,197,820,549
16,533,715,600
16,730,581,726
16,645,846,538
16,703,765,744
16,915,896,194
16,982,150,532
16,839,205,981
16,603,511,599
16,652,799,733
16,852,829,913
16,783,316,726
16,179,523,038
16,221,615,647
16,300,138,972
15,525,262,854
27,871,640,078
27,957,088,406
27,285,178,823
27,285,178,82327,957,088,40627,871,640,07815,525,262,85416,300,138,97216,221,615,64716,179,523,03816,783,316,72616,852,829,91316,652,799,73316,603,511,59916,839,205,98116,982,150,53216,915,896,19416,703,765,74416,645,846,53816,730,581,72616,533,715,60016,197,820,54914,955,385,87514,816,251,30514,807,880,04014,670,270,85214,981,840,08814,925,928,94414,626,902,5050000000000
       Intangible Assets 
8,825,000
0
8,608,000
24,305,879
9,352,000
8,676,000
8,897,000
8,374,001
8,303,909
7,917,804
215,602,500
182,918,067
161,496,000
602,493,239
578,462,662
555,852,858
533,289,394
111,267,375
101,917,425
92,834,679
113,463,787
107,965,166
101,955,599
95,083,495
93,838,526
87,314,536
81,102,116
74,833,423
75,998,858
73,406,943
68,480,143
63,852,218
61,710,362
37,997,903
38,400,615
39,506,415
39,506,41538,400,61537,997,90361,710,36263,852,21868,480,14373,406,94375,998,85874,833,42381,102,11687,314,53693,838,52695,083,495101,955,599107,965,166113,463,78792,834,679101,917,425111,267,375533,289,394555,852,858578,462,662602,493,239161,496,000182,918,067215,602,5007,917,8048,303,9098,374,0018,897,0008,676,0009,352,00024,305,8798,608,00008,825,000
> Total Liabilities 
23,183,047,782
0
24,471,505,181
24,745,694,204
25,362,973,681
25,470,191,196
25,919,182,777
26,382,778,549
26,763,927,088
26,581,206,560
32,406,948,605
32,754,228,086
33,469,187,239
33,369,240,518
33,552,924,031
33,335,403,796
32,575,528,824
33,256,537,571
33,730,255,638
33,812,074,309
35,678,970,903
34,548,511,397
35,679,868,032
36,399,840,039
38,343,942,579
38,738,117,883
39,824,504,613
39,959,411,390
40,095,124,685
38,898,279,527
37,654,825,128
37,635,001,953
35,921,820,413
30,322,482,178
30,106,554,594
29,198,963,192
29,198,963,19230,106,554,59430,322,482,17835,921,820,41337,635,001,95337,654,825,12838,898,279,52740,095,124,68539,959,411,39039,824,504,61338,738,117,88338,343,942,57936,399,840,03935,679,868,03234,548,511,39735,678,970,90333,812,074,30933,730,255,63833,256,537,57132,575,528,82433,335,403,79633,552,924,03133,369,240,51833,469,187,23932,754,228,08632,406,948,60526,581,206,56026,763,927,08826,382,778,54925,919,182,77725,470,191,19625,362,973,68124,745,694,20424,471,505,181023,183,047,782
   > Total Current Liabilities 
0
0
0
0
0
0
0
0
0
0
506,181,349
509,257,730
541,129,612
543,613,044
536,908,532
538,638,417
582,821,505
593,145,144
594,573,717
577,178,469
677,307,638
610,163,317
626,505,315
657,843,780
747,923,368
693,356,046
682,708,469
709,922,229
726,537,503
682,125,802
678,504,148
733,965,878
0
142,499,847
157,069,746
0
0157,069,746142,499,8470733,965,878678,504,148682,125,802726,537,503709,922,229682,708,469693,356,046747,923,368657,843,780626,505,315610,163,317677,307,638577,178,469594,573,717593,145,144582,821,505538,638,417536,908,532543,613,044541,129,612509,257,730506,181,3490000000000
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
125,561,250
128,207,109
129,003,750
120,532,500
119,981,250
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000000000119,981,250120,532,500129,003,750128,207,109125,561,2500000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
125,561,250
128,207,109
129,003,750
120,532,500
119,981,250
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000000000119,981,250120,532,500129,003,750128,207,109125,561,2500000000000
       Accounts payable 
0
0
0
0
0
0
0
0
0
0
360,028,664
356,417,414
367,009,000
361,582,044
378,868,532
391,859,417
402,697,000
74,693,006
55,694,000
55,733,378
402,962,000
391,285,027
386,150,905
391,412,224
419,428,000
397,751,000
395,663,402
428,522,000
403,416,050
431,091,000
431,877,000
431,072,000
24,628,443
0
0
0
00024,628,443431,072,000431,877,000431,091,000403,416,050428,522,000395,663,402397,751,000419,428,000391,412,224386,150,905391,285,027402,962,00055,733,37855,694,00074,693,006402,697,000391,859,417378,868,532361,582,044367,009,000356,417,414360,028,6640000000000
       Other Current Liabilities 
0
0
0
0
0
0
0
0
0
0
72,751,685
80,719,315
77,853,612
98,558,000
85,922,000
88,997,000
95,100,505
93,896,138
143,385,717
118,274,091
176,983,638
153,830,290
170,322,410
175,294,556
224,383,368
182,776,046
188,808,067
176,175,229
209,916,453
161,918,802
163,675,148
205,541,878
0
50,601,847
65,494,746
0
065,494,74650,601,8470205,541,878163,675,148161,918,802209,916,453176,175,229188,808,067182,776,046224,383,368175,294,556170,322,410153,830,290176,983,638118,274,091143,385,71793,896,13895,100,50588,997,00085,922,00098,558,00077,853,61280,719,31572,751,6850000000000
   > Long-term Liabilities 000000000000000000000000000000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
8,963,000
8,245,000
11,048,000
13,504,000
18,612,000
17,291,000
16,038,000
16,532,000
15,433,000
14,233,000
40,110,000
39,685,000
39,101,000
37,839,000
40,967,000
38,766,000
36,478,000
33,863,000
35,784,000
35,913,000
33,682,000
31,160,000
0
29,536,903
29,679,615
0
029,679,61529,536,903031,160,00033,682,00035,913,00035,784,00033,863,00036,478,00038,766,00040,967,00037,839,00039,101,00039,685,00040,110,00014,233,00015,433,00016,532,00016,038,00017,291,00018,612,00013,504,00011,048,0008,245,0008,963,0000000000000
> Total Stockholder Equity
1,497,822,661
1,498,086,443
1,539,681,414
1,825,106,122
1,857,015,483
1,967,719,885
2,145,951,978
2,135,936,931
1,880,182,193
1,848,194,573
2,063,354,997
2,069,448,134
2,051,600,130
1,859,500,735
1,813,129,725
1,852,369,805
1,959,339,706
2,138,561,548
2,267,781,515
2,370,177,385
2,336,488,921
2,289,836,523
2,403,306,377
2,424,212,058
2,285,082,629
2,102,834,713
1,914,036,125
1,904,745,906
1,902,145,201
1,629,007,364
1,446,466,600
1,319,834,812
1,328,189,105
2,866,168,290
2,946,830,427
3,013,329,120
3,013,329,1202,946,830,4272,866,168,2901,328,189,1051,319,834,8121,446,466,6001,629,007,3641,902,145,2011,904,745,9061,914,036,1252,102,834,7132,285,082,6292,424,212,0582,403,306,3772,289,836,5232,336,488,9212,370,177,3852,267,781,5152,138,561,5481,959,339,7061,852,369,8051,813,129,7251,859,500,7352,051,600,1302,069,448,1342,063,354,9971,848,194,5731,880,182,1932,135,936,9312,145,951,9781,967,719,8851,857,015,4831,825,106,1221,539,681,4141,498,086,4431,497,822,661
   Common Stock
525,900,000
0
525,900,000
725,900,000
725,900,000
725,900,000
725,900,000
725,900,000
725,900,000
725,900,000
725,900,000
725,900,000
725,900,000
885,080,945
885,080,945
885,080,945
885,080,945
885,080,945
885,080,945
885,080,945
885,080,945
885,080,945
885,080,945
885,080,945
885,080,945
885,080,945
885,080,945
885,080,945
885,080,945
885,080,945
885,080,945
885,080,945
0
885,080,945
885,080,945
0
0885,080,945885,080,9450885,080,945885,080,945885,080,945885,080,945885,080,945885,080,945885,080,945885,080,945885,080,945885,080,945885,080,945885,080,945885,080,945885,080,945885,080,945885,080,945885,080,945885,080,945885,080,945725,900,000725,900,000725,900,000725,900,000725,900,000725,900,000725,900,000725,900,000725,900,000725,900,000525,900,0000525,900,000
   Retained Earnings Total Equity000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 000000000000000000000000000000000000
   Capital Surplus 000000000000000000000000000000000000
   Treasury Stock00000000000000000000-38,592,083-38,592,000-10,223,000-10,223,000-10,224,000-10,202,363-10,202,363-10,202,363-10,202,363-10,202,363-10,202,363-10,202,363-5,394,296000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
333,455,227
327,655,861
312,115,575
196,560,922
164,730,121
195,504,381
246,127,255
330,363,069
422,257,922
499,055,660
445,930,992
426,709,630
498,776,538
488,210,759
371,537,265
229,906,042
311,057,377
281,318,027
252,200,179
-25,469,311
-249,442,037
-411,557,994
0
350,914,811
386,241,754
0
0386,241,754350,914,8110-411,557,994-249,442,037-25,469,311252,200,179281,318,027311,057,377229,906,042371,537,265488,210,759498,776,538426,709,630445,930,992499,055,660422,257,922330,363,069246,127,255195,504,381164,730,121196,560,922312,115,575327,655,861333,455,2270000000000



Balance Sheet

Currency in KRW. All numbers in thousands.




Cash Flow

Currency in KRW. All numbers in thousands.




Income Statement

Currency in KRW. All numbers in thousands.


Latest Income Statement (annual, 2022-12-31)

Gross Profit (+$)
totalRevenue2,733,161,553
Cost of Revenue-0
Gross Profit02,733,161,553
 
Operating Income (+$)
Gross Profit0
Operating Expense-2,643,017,135
Operating Income0-2,643,017,135
 
Operating Expense (+$)
Research Development0
Selling General Administrative128,602,483
Selling And Marketing Expenses0
Operating Expense2,643,017,135128,602,483
 
Net Interest Income (+$)
Interest Income634,779,000
Interest Expense-22,368,000
Other Finance Cost-634,779,000
Net Interest Income-22,368,000
 
Pretax Income (+$)
Operating Income0
Net Interest Income-22,368,000
Other Non-Operating Income Expenses0
Income Before Tax (EBT)90,113,418-192,671,630
EBIT - interestExpense = -22,368,000
57,488,283
79,856,283
Interest Expense22,368,000
Earnings Before Interest and Taxes (EBIT)0112,481,418
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax90,113,418
Tax Provision-32,625,135
Net Income From Continuing Ops57,488,28357,488,283
Net Income57,488,283
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net192,671,63022,368,000
 

Technical Analysis of Life
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Life. The general trend of Life is BEARISH with 14.3% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Life's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-14.3%) Bearish trend (14.3%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Mirae Asset Life Insurance Co Ltd.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 5,110 < 6,430 < 6,500.

The bearish price targets are: 4,470 > 4,410 > 4,405.

Tweet this
Mirae Asset Life Insurance Co Ltd Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Mirae Asset Life Insurance Co Ltd. The current mas is .

The long score for the Moving Averages is 6/14.
The longshort score for the Moving Averages is -2/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Mirae Asset Life Insurance Co Ltd Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Mirae Asset Life Insurance Co Ltd. The current macd is -185.28097391.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Life price going up in the near term. +2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Life. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Life price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Mirae Asset Life Insurance Co Ltd Daily Moving Average Convergence/Divergence (MACD) ChartMirae Asset Life Insurance Co Ltd Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Mirae Asset Life Insurance Co Ltd. The current adx is 16.72.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Life shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Mirae Asset Life Insurance Co Ltd Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Mirae Asset Life Insurance Co Ltd. The current sar is 4,971.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Mirae Asset Life Insurance Co Ltd Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Mirae Asset Life Insurance Co Ltd. The current rsi is 38.85. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -3/(-13 +13).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
Mirae Asset Life Insurance Co Ltd Daily Relative Strength Index (RSI) ChartMirae Asset Life Insurance Co Ltd Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Mirae Asset Life Insurance Co Ltd. The current phase is Continuation in bear market.

The long score for the Stochastic Oscillator is 2/6.
The longshort score for the Stochastic Oscillator is 0/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Life price going up in the near term. +2
  • Trending down: The STOCH %K is trending down. -1
Mirae Asset Life Insurance Co Ltd Daily Stochastic Oscillator ChartMirae Asset Life Insurance Co Ltd Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Mirae Asset Life Insurance Co Ltd. The current cci is -46.50412406.

Mirae Asset Life Insurance Co Ltd Daily Commodity Channel Index (CCI) ChartMirae Asset Life Insurance Co Ltd Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Mirae Asset Life Insurance Co Ltd. The current cmo is -21.5805457.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Mirae Asset Life Insurance Co Ltd Daily Chande Momentum Oscillator (CMO) ChartMirae Asset Life Insurance Co Ltd Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Mirae Asset Life Insurance Co Ltd. The current willr is -78.90625.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Life is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Mirae Asset Life Insurance Co Ltd Daily Williams %R ChartMirae Asset Life Insurance Co Ltd Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Mirae Asset Life Insurance Co Ltd.

Mirae Asset Life Insurance Co Ltd Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Mirae Asset Life Insurance Co Ltd. The current atr is 205.35.

Mirae Asset Life Insurance Co Ltd Daily Average True Range (ATR) ChartMirae Asset Life Insurance Co Ltd Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Mirae Asset Life Insurance Co Ltd. The current obv is 6,211,300.

Mirae Asset Life Insurance Co Ltd Daily On-Balance Volume (OBV) ChartMirae Asset Life Insurance Co Ltd Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Mirae Asset Life Insurance Co Ltd. The current mfi is 51.52.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Mirae Asset Life Insurance Co Ltd Daily Money Flow Index (MFI) ChartMirae Asset Life Insurance Co Ltd Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Mirae Asset Life Insurance Co Ltd.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-02RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-03STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-07WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-09RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-10MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-14SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-11-15MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-17STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-21DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-24STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-27SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2023-11-28MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-29CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-01STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-04MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-06SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-12-07WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-14CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-15STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-19STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-20STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-22MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-12-26SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-27STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-02STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-03STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-04STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-05STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-08SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-10STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-16MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-01-17CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-19STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-22MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-23STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-24STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-25RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-29MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-30ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-01STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-02STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-05ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-06STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-13RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-02-15STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-19RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-21MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-23DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-26CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-28BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-02-29STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-07STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-13RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-14SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-03-15DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-18DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-21STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-26MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.

6.3. Candlestick Patterns

Mirae Asset Life Insurance Co Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Mirae Asset Life Insurance Co Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5038.852
Ma 20Greater thanMa 504,686.250
Ma 50Greater thanMa 1005,125.300
Ma 100Greater thanMa 2005,070.450
OpenGreater thanClose4,605.000
Total2/5 (40.0%)
Penke

Good job! You gained 25 XP and 0   0   10 . What's next:

  • Share my analysis of Life with someone you think should read this too:
  • Are you bullish or bearish on Life? Let me know what you think in the comments.
  • Do you want an email if I find something interesting about Life? Add an email alert using the form below.
  • Join the community if you want to keep your earnings and track your progress: Join the community
  • Is this analysis useful to you? Support me via But Me a Coffee. I'll analyze the stock market faster for you!

Get notifications about Mirae Asset Life Insurance Co Ltd

I send you an email if I find something interesting about Mirae Asset Life Insurance Co Ltd.


Comments

How you think about this?

Leave a comment

Stay informed about Mirae Asset Life Insurance Co Ltd.

Receive notifications about Mirae Asset Life Insurance Co Ltd in your mailbox!