Use ABB Ltd to enhance returns of your portfolios. The stock experiences large bullish trend. Check odds of ABB Ltd to be traded at $23.0 in 30 days
ABB Ltd Daily Price Distribution
The median price of ABB Ltd for the period between Thu, Jun 23, 2016 and Sat, Jul 23, 2016 is 19.88 with a coefficient of variation of 3.12. The daily time series for the period is distributed with a sample standard deviation of 0.62, arithmetic mean of 19.84, and mean deviation of 0.45. The Stock received some media coverage during the period.
ABB Ltd (ABB) is traded on New York Stock Exchange in USA. It is located in SWITZERLAND and employs 135,000 people. ABB Ltd is listed under Electrical Equipment category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with total capitalization of 43.28 B. ABB Ltd runs under Industrial Goods sector within Diversified Machinery industry. This company has 2.16 B outstanding shares of which 4.69 M shares are presently shorted by investors with about 2.8 days to cover shorted positions.
ABB LTD has about 6.06 B in cash with 4.02 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.8.
Correlation analysis and pair trading evaluation for ABB Ltd and General Electric. 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