POSCO M Ownership
| 009520 Stock | KRW 14,590 90.00 0.61% |
POSCO |
POSCO Stock Ownership Analysis
About 51.0% of the company shares are owned by insiders or employees . The company last dividend was issued on the 26th of December 1970. POSCO M TECH had 10:1 split on the 14th of May 2012. Posco M-Tech Co., Ltd. operates as a steel material-specialized company. The company was founded in 1973 and is headquartered in Pohang, South Korea. POSCO M is traded on Korean Securities Dealers Automated Quotations in South Korea. For more info on POSCO M TECH Co please contact the company at (82) 54 280 8302 or go to www.poscomtech.com.Pair Trading with POSCO M
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 POSCO M 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 POSCO M will appreciate offsetting losses from the drop in the long position's value.Moving together with POSCO Stock
| 0.88 | 005490 | POSCO Holdings | PairCorr |
| 0.84 | 011170 | Lotte Chemical Corp | PairCorr |
| 0.86 | 004020 | Hyundai Steel | PairCorr |
Moving against POSCO Stock
The ability to find closely correlated positions to POSCO M could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace POSCO M 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 POSCO M - 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 POSCO M TECH Co to buy it.
The correlation of POSCO M 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 POSCO M moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if POSCO M TECH 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 POSCO M 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 POSCO Stock
POSCO M financial ratios help investors to determine whether POSCO 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 POSCO with respect to the benefits of owning POSCO M security.