Scandinavian Brake Ownership
| SBS Stock | DKK 12.20 0.00 0.00% |
Scandinavian |
Scandinavian Stock Ownership Analysis
About 68.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 0.41. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Scandinavian Brake recorded earning per share (EPS) of 66.97. The entity last dividend was issued on the 20th of April 2007. The firm had 10:1 split on the 31st of December 2022. Scandinavian Brake Systems AS, together with its subsidiaries, sources, completes, stocks, markets, and distributes spare parts for cars and vans in Europe and internationally. Scandinavian Brake Systems AS is a subsidiary of Stiholt Holding AS. Scandinavian Brake operates under Auto Parts classification in Denmark and is traded on Copenhagen Stock Exchange. It employs 160 people. To find out more about Scandinavian Brake Systems contact Mads Hansen at 45 63 21 15 15 or learn more at https://www.sbs-group.dk.Scandinavian Brake Outstanding Bonds
Scandinavian Brake 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. Scandinavian Brake 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 Scandinavian bonds can be classified according to their maturity, which is the date when Scandinavian Brake Systems 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.
| Dana 575 percent Corp BondUS235822AB96 | View | |
| HSBC Holdings PLC Corp BondUS404280DR76 | View | |
| MPLX LP 4125 Corp BondUS55336VAK61 | View |
Pair Trading with Scandinavian Brake
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 Scandinavian Brake 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 Scandinavian Brake will appreciate offsetting losses from the drop in the long position's value.Moving together with Scandinavian Stock
| 0.66 | DANSKE | Danske Bank AS Earnings Call This Week | PairCorr |
| 0.67 | JYSK | Jyske Bank AS | PairCorr |
| 0.78 | SYDB | Sydbank AS | PairCorr |
Moving against Scandinavian Stock
| 0.82 | JDAN | Jeudan | PairCorr |
| 0.76 | ORSTED | Orsted AS Earnings Call This Week | PairCorr |
| 0.67 | CARL-A | Carlsberg AS Earnings Call This Week | PairCorr |
| 0.59 | NOVO-B | Novo Nordisk AS Earnings Call This Week | PairCorr |
| 0.5 | CARL-B | Carlsberg AS Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Scandinavian Brake could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Scandinavian Brake 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 Scandinavian Brake - 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 Scandinavian Brake Systems to buy it.
The correlation of Scandinavian Brake 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 Scandinavian Brake moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Scandinavian Brake 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 Scandinavian Brake 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 Scandinavian Stock
Scandinavian Brake financial ratios help investors to determine whether Scandinavian 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 Scandinavian with respect to the benefits of owning Scandinavian Brake security.