Daedong Steel Ownership
| 048470 Stock | 3,345 175.00 4.97% |
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.
Daedong |
Daedong 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. Daedong Steel Co., Ltd. manufactures and sells various steel products. For more info on Daedong Steel Co please contact the company at (82) 2 786 6218 or go to www.daedongsteel.co.kr.Daedong Steel Outstanding Bonds
Daedong Steel 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. Daedong Steel 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 Daedong bonds can be classified according to their maturity, which is the date when Daedong Steel 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 Daedong Steel
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 Daedong Steel 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 Daedong Steel will appreciate offsetting losses from the drop in the long position's value.Moving together with Daedong Stock
Moving against Daedong Stock
| 0.65 | 373220 | LG Energy Solution | PairCorr |
| 0.52 | 023440 | Jeil Steel Mfg | PairCorr |
| 0.31 | 024110 | Industrial Bank | PairCorr |
The ability to find closely correlated positions to Daedong Steel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daedong Steel 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 Daedong Steel - 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 Daedong Steel Co to buy it.
The correlation of Daedong Steel 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 Daedong Steel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daedong Steel 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 Daedong Steel 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 Daedong Stock
Daedong Steel financial ratios help investors to determine whether Daedong 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 Daedong with respect to the benefits of owning Daedong Steel security.