Use Cals 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 Cals to be traded at 0.099 in 30 days
Cals Price and Market Media
The median price of Cals for the period between Mon, Feb 2, 2015 and Wed, Mar 4, 2015 is 0.1 with a coefficient of variation of 4.92. The daily time series for the period is distributed with a sample standard deviation of 0.0, arithmetic mean of 0.1, and mean deviation of 0.0. The Stock did not receive any noticable media coverage during the period.
Cals Refineries Limited [CALSREF] is traded on Bombay Stock Exchange in India. It is located in , Udyog ViharGurgaon, and employs 5 people. The company currently falls under 'Small-Cap' category with current market capitalization of 738.7 M. Cals Refineries Limited operates under Basic Materials sector and is part of Oil and Gas Refining and Marketing industry. This company has 7.39 B outstanding shares.
Cals appears to be very risky and stock price may revert if volatility continues
Cals has some characteristics of a very speculative penny stock
The company has accumulated 66.77 M in total debt with debt to equity ratio (D/E) of 0.01 which may suggest the company is not taking enough advantage from borrowing. Cals Refineries Limited has Current Ratio of 0.18 indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due.
This company reported revenue of 720 K. Net Loss for the year was (335.8 M).
CALS REF LTD has accumulated about 270 K in cash with (28.77 M) of positive cash flow from operations.
Cals Research Report
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Correlation analysis and pair trading evaluation for Cals and Reliance Industries. 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