BYON Ownership
| 032980 Stock | KRW 302.00 24.00 8.63% |
BYON |
BYON Stock Ownership Analysis
The company had not issued any dividends in recent years. BYON had 1:2 split on the 6th of May 2022. BYON Co., Ltd. manufactures and sells industrial chemicals in South Korea and internationally. BYON Co., Ltd. was founded in 1983 and is based in Seoul, South Korea. BYON is traded on Korean Securities Dealers Automated Quotations in South Korea. For more info on BYON Co please contact the company at 82 2 516 0720 or go to https://www.by-on.co.kr.BYON Outstanding Bonds
BYON 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. BYON 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 BYON bonds can be classified according to their maturity, which is the date when BYON 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 BYON
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 BYON 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 BYON will appreciate offsetting losses from the drop in the long position's value.Moving together with BYON Stock
Moving against BYON Stock
| 0.89 | 003030 | Seah Steel Corp | PairCorr |
| 0.86 | 009830 | Hanwha Solutions | PairCorr |
| 0.84 | 006650 | Korea Petro Chemical | PairCorr |
| 0.74 | 004020 | Hyundai Steel | PairCorr |
| 0.66 | 293780 | AptaBio Therapeutics | PairCorr |
The ability to find closely correlated positions to BYON could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BYON 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 BYON - 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 BYON Co to buy it.
The correlation of BYON 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 BYON moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BYON 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 BYON 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 BYON Stock
BYON financial ratios help investors to determine whether BYON 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 BYON with respect to the benefits of owning BYON security.