SillaJen Ownership
| 215600 Stock | KRW 2,395 30.00 1.24% |
SillaJen |
SillaJen Stock Ownership Analysis
The company had not issued any dividends in recent years. SillaJen, Inc., a biotechnology company, develops and commercializes oncolytic immunotherapy products. The company was founded in 2006 and is headquartered in Busan, South Korea. SillaJen is traded on Korean Securities Dealers Automated Quotations in South Korea. For more info on SillaJen please contact Eun Moon at 82 5 1517 7550 or go to http://www.sillajen.com.SillaJen Outstanding Bonds
SillaJen 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. SillaJen 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 SillaJen bonds can be classified according to their maturity, which is the date when SillaJen 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 SillaJen
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 SillaJen 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 SillaJen will appreciate offsetting losses from the drop in the long position's value.Moving against SillaJen Stock
The ability to find closely correlated positions to SillaJen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SillaJen 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 SillaJen - 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 SillaJen to buy it.
The correlation of SillaJen 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 SillaJen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SillaJen 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 SillaJen 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 SillaJen Stock
SillaJen financial ratios help investors to determine whether SillaJen 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 SillaJen with respect to the benefits of owning SillaJen security.