Sungwoo Hitech Ownership
| 015750 Stock | KRW 5,100 80.00 1.59% |
Sungwoo |
Sungwoo Stock Ownership Analysis
About 45.0% of the company shares are owned by insiders or employees . The company had not issued any dividends in recent years. Sungwoo Hitech had 883:828 split on the 9th of May 2018. Sungwoo Hitech Co., Ltd. manufactures and sells automobile components in South Korea, China, India, Russia, the Czech Republic, Slovakia, Uzbekistan, Germany, Mexico, and the United States. Sungwoo Hitech Co., Ltd. was founded in 1977 and is headquartered in Busan, South Korea. SW HITECH is traded on Korean Securities Dealers Automated Quotations in South Korea. For more info on Sungwoo Hitech Co please contact MyungKeun Lee at 82 70 7477 5450 or go to https://www.swhitech.com.Sungwoo Hitech Outstanding Bonds
Sungwoo Hitech issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Sungwoo Hitech uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Sungwoo bonds can be classified according to their maturity, which is the date when Sungwoo Hitech Co has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Pair Trading with Sungwoo Hitech
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 Sungwoo Hitech 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 Sungwoo Hitech will appreciate offsetting losses from the drop in the long position's value.Moving against Sungwoo Stock
The ability to find closely correlated positions to Sungwoo Hitech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sungwoo Hitech 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 Sungwoo Hitech - 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 Sungwoo Hitech Co to buy it.
The correlation of Sungwoo Hitech 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 Sungwoo Hitech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sungwoo Hitech 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 Sungwoo Hitech 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 Sungwoo Stock
Sungwoo Hitech financial ratios help investors to determine whether Sungwoo 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 Sungwoo with respect to the benefits of owning Sungwoo Hitech security.