DeviceENGCOLtd Ownership
| 187870 Stock | KRW 11,310 220.00 1.98% |
DeviceENGCOLtd |
DeviceENGCOLtd Stock Ownership Analysis
About 34.0% of the company shares are owned by insiders or employees . The company had not issued any dividends in recent years. DeviceENGCOLtd had 26:25 split on the 27th of December 2019. ,Ltd develops and supplies automatic control systems of semiconductors, displays, and material parts to semiconductor, LCD, and FPD manufacturers in Korea and internationally. It also provides material parts, such as filters, trays, films and sheets, leak sensors, and al bags. Device ENG is traded on Korean Securities Dealers Automated Quotations in South Korea. For more info on DeviceENGCOLtd please contact the company at 82 4 1629 5200 or go to http://www.deviceeng.co.kr.DeviceENGCOLtd Outstanding Bonds
DeviceENGCOLtd 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. DeviceENGCOLtd 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 DeviceENGCOLtd bonds can be classified according to their maturity, which is the date when DeviceENGCOLtd 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 DeviceENGCOLtd
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 DeviceENGCOLtd 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 DeviceENGCOLtd will appreciate offsetting losses from the drop in the long position's value.Moving against DeviceENGCOLtd Stock
| 0.76 | 082270 | GemVaxKAEL CoLtd | PairCorr |
| 0.71 | 011200 | HMM Co | PairCorr |
| 0.66 | 222800 | SIMMTECH | PairCorr |
| 0.57 | 005490 | POSCO Holdings | PairCorr |
| 0.55 | 166090 | Hana Materials | PairCorr |
The ability to find closely correlated positions to DeviceENGCOLtd could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DeviceENGCOLtd 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 DeviceENGCOLtd - 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 DeviceENGCOLtd to buy it.
The correlation of DeviceENGCOLtd 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 DeviceENGCOLtd moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DeviceENGCOLtd 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 DeviceENGCOLtd 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 DeviceENGCOLtd Stock
DeviceENGCOLtd financial ratios help investors to determine whether DeviceENGCOLtd 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 DeviceENGCOLtd with respect to the benefits of owning DeviceENGCOLtd security.