Good diversificationOverlapping area represents amount of risk that can be diversified away by holding Blackwater Midstream Corp. and equity matching NYA index in the same portfolio
Blackwater Diversification Suggestion
Use Blackwater to protect against small markets fluctuations. The stock experiences normal downward fluctuation but is a risky buy. Check odds of Blackwater to be traded at $0.6014 in 30 days
Blackwater Price and Market Media
The median price of Blackwater for the period between Tue, Dec 30, 2014 and Thu, Jan 29, 2015 is 0.63 with a coefficient of variation of 1.17. The daily time series for the period is distributed with a sample standard deviation of 0.01, arithmetic mean of 0.63, and mean deviation of 0.01. The Stock did not receive any noticable media coverage during the period.
Blackwater Midstream Corp [BWMS] is traded as part of a regulated electronic trading service offered by the NASD. The company currently falls under 'Micro-Cap' category with current market capitalization of 28.24 M. Blackwater Midstream Corp has 56.48 M outstanding shares of which 112 K shares are currently shorted by private and institutional investors with about 0.0 days to cover all short positions.
Blackwater Midstream generates negative expected return over the last 30 days
Blackwater Midstream has some characteristics of a very speculative penny stock
The company has accumulated 5.23 M in total debt with debt to equity ratio (D/E) of 0.73 which is about average as compared to similar companies. Blackwater Midstream Corp has Current Ratio of 0.15 indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due.
Blackwater Research Report
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Correlation analysis and pair trading evaluation for Blackwater and CASINO GUICHARD PERR. 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