Hite Jinro Ownership
| 000080 Stock | 21,050 300.00 1.45% |
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.
Hite |
Hite Stock Ownership Analysis
About 54.0% of the company shares are owned by insiders or employees . The company has Price-to-Book (P/B) ratio of 1.63. In the past many companies with similar price-to-book ratios have beat the market. Hite Jinro recorded earning per share (EPS) of 177.55. The entity last dividend was issued on the 29th of December 2021. For more info on Hite Jinro please contact the company at (82) 2 3442 2683 or go to www.hitejinro.com.Pair Trading with Hite Jinro
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 Hite Jinro 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 Hite Jinro will appreciate offsetting losses from the drop in the long position's value.Moving against Hite Stock
| 0.44 | 373220 | LG Energy Solution | PairCorr |
| 0.35 | 003240 | Taekwang Ind | PairCorr |
| 0.34 | 051900 | LG Household Healthcare | PairCorr |
The ability to find closely correlated positions to Hite Jinro could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hite Jinro 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 Hite Jinro - 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 Hite Jinro to buy it.
The correlation of Hite Jinro 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 Hite Jinro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hite Jinro 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 Hite Jinro 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 Hite Stock
Hite Jinro financial ratios help investors to determine whether Hite 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 Hite with respect to the benefits of owning Hite Jinro security.