Brighten Optix Ownership
| 6747 Stock | TWD 138.00 1.00 0.72% |
Please note, institutional investors have a lot of resources and new technology at their disposal. They can put in a lot of research and financial analysis when reviewing investment options. There are many different types of institutional investors, including banks, hedge funds, insurance companies, and pension plans. One of the main advantages they have over retail investors is the fees paid for trades. As they are buying in large quantities, they can manage their cost more effectively.
Brighten |
Brighten Stock Ownership Analysis
About 68.0% of the company shares are owned by insiders or employees . The book value of Brighten Optix was presently reported as 50.35. The company recorded earning per share (EPS) of 10.85. Brighten Optix last dividend was issued on the 4th of July 2022. The entity had 1000:1124 split on the 17th of July 2024. Brighten Optix Corporation researches and develops, manufactures, and sells specialty contact lenses in Taiwan and the Asia Pacific region. The company offers its products under the Ortho-K myopia management lens, HiClear gas permeable lens, Briomoist lens care systems, SynergEyes hybrid lens, and Large Diameter GP lens. BRIGHTEN OPTIX operates under Medical Devices classification in Taiwan and is traded on Taiwan OTC Exchange. For more info on Brighten Optix please contact the company at 886 2 2880 1778 or go to https://www.brightenoptix.com.tw.Pair Trading with Brighten Optix
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 Brighten Optix 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 Brighten Optix will appreciate offsetting losses from the drop in the long position's value.Moving together with Brighten Stock
| 0.86 | 3218 | Universal Vision Bio | PairCorr |
| 0.68 | 4104 | Excelsior Medical | PairCorr |
| 0.84 | 6762 | Delta Asia International | PairCorr |
Moving against Brighten Stock
| 0.79 | 2891 | CTBC Financial Holding | PairCorr |
| 0.79 | 2891B | CTBC Financial Holding | PairCorr |
| 0.67 | 2883 | China Development | PairCorr |
| 0.52 | 4129 | United Orthopedic | PairCorr |
| 0.5 | 0050 | YuantaP shares Taiwan | PairCorr |
The ability to find closely correlated positions to Brighten Optix could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brighten Optix 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 Brighten Optix - 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 Brighten Optix to buy it.
The correlation of Brighten Optix 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 Brighten Optix moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brighten Optix 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 Brighten Optix 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.Additional Tools for Brighten Stock Analysis
When running Brighten Optix's price analysis, check to measure Brighten Optix's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Brighten Optix is operating at the current time. Most of Brighten Optix's value examination focuses on studying past and present price action to predict the probability of Brighten Optix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Brighten Optix's price. Additionally, you may evaluate how the addition of Brighten Optix to your portfolios can decrease your overall portfolio volatility.