| 033100 Stock | | | KRW 43,150 1,300 2.92% |
Managing Director
HeDong Yook is Managing Director of Cheryong Electric CoLtd
| Age | 73 |
| Phone | (82) 2 2204 6388 |
| Web | www.cheryongelec.com |
Cheryong Electric Management Efficiency
Cheryong Electric's management efficiency ratios could be used to measure how well Cheryong Electric manages its routine affairs as well as how well it operates its assets and liabilities.
Cheryong Electric CoLtd has accumulated 69.84
M in total debt with debt to equity ratio
(D/E) of 0.06, which may suggest the company is not taking enough advantage from borrowing. Cheryong Electric CoLtd has a current ratio of 3.85, suggesting that it is
liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Cheryong Electric until it has trouble settling it off, either with new capital or with free cash flow. So, Cheryong Electric's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Cheryong Electric CoLtd sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Cheryong to invest in growth at high rates of return. When we think about Cheryong Electric's use of debt, we should always consider it together with cash and equity.
Cheryong Electric Co., Ltd. manufactures and sells power electric equipment in South Korea. Cheryong Electric CoLtd (033100) is traded on KOSDAQ in Korea and employs 15 people.
Management Performance
Cheryong Electric CoLtd Leadership Team
Elected by the shareholders, the Cheryong Electric's board of directors comprises two types of representatives: Cheryong Electric inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cheryong. The board's role is to monitor Cheryong Electric's management team and ensure that shareholders' interests are well served. Cheryong Electric's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Cheryong Electric's outside directors are responsible for providing unbiased perspectives on the board's policies.
Cheryong Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Cheryong Electric a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Pair Trading with Cheryong Electric
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 Cheryong Electric 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 Cheryong Electric will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Cheryong Electric could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cheryong Electric 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 Cheryong Electric - 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 Cheryong Electric CoLtd to buy it.
The correlation of Cheryong Electric 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 Cheryong Electric moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cheryong Electric CoLtd 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 Cheryong Electric 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.
Other Information on Investing in Cheryong Stock
Cheryong Electric financial ratios help investors to determine whether Cheryong Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Cheryong with respect to the benefits of owning Cheryong Electric security.