Weak diversificationOverlapping area represents amount of risk that can be diversified away by holding SHAMARAN PETROL and equity matching NYA index in the same portfolio
SHAMARAN PETROL Diversification Suggestion
Use SHAMARAN PETROL to protect against small markets fluctuations. The stock experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of SHAMARAN PETROL to be traded at 0.0475 in 30 days
SHAMARAN PETROL Daily Price Distribution
The median price of SHAMARAN PETROL for the period between Sat, Jul 30, 2016 and Mon, Aug 29, 2016 is 0.042 with a coefficient of variation of 8.1. The daily time series for the period is distributed with a sample standard deviation of 0.0, arithmetic mean of 0.04, and mean deviation of 0.0. The Stock did not receive any noticable media coverage during the period.
SHAMARAN PETROL Summary
SHAMARAN PETROL (3B8) is traded on Frankfurt Stock Exchange in Germany. It is located in , except where noted.. The company currently falls under 'Micro-Cap' category with current market capitalization of 68.35 M. SHAMARAN PETROL has 1.8 B outstanding shares.
SHAMARAN PETROL appears to be very risky and stock price may revert if volatility continues
SHAMARAN PETROL has some characteristics of a very speculative penny stock
SHAMARAN PETROL has high likelihood to experience some financial distress in the next 2 years
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Correlation analysis and pair trading evaluation for SHAMARAN PETROL and Alibaba Group Holding. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return