Use Decolight 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 Decolight to be traded at 1.6335 in 30 days
Decolight Price and Market Media
The median price of Decolight for the period between Wed, Dec 31, 2014 and Fri, Jan 30, 2015 is 1.65 with a coefficient of variation of 2.97. The daily time series for the period is distributed with a sample standard deviation of 0.05, arithmetic mean of 1.64, and mean deviation of 0.04. The Stock did not receive any noticable media coverage during the period.
Decolight Ceramics Ltd [DECOLIGHT] is traded on National Stock Exchange of India in India. It is located in Morbi, and employs 3 people. The company currently falls under 'Micro-Cap' category with current market capitalization of 82.24 M. Decolight Ceramics Ltd operates under Industrial Goods sector and is part of General Building Materials industry. This company has 48.38 M outstanding shares.
Decolight Ceramics may become a speculative penny stock
Decolight Ceramics has high likelihood to experience some financial distress in the next 2 years
The company has accumulated 384.64 M in total debt with debt to equity ratio (D/E) of 2.31 implying the company greatly relies on financing operations through barroing. Decolight Ceramics Ltd has Current Ratio of 0.24 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 58.03 M. Net Loss for the year was (455.44 M) with loss before overhead, payroll, taxes, and interest of (132 M).
Decolight Ceramic has accumulated about 4.94 M in cash with (6.18 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.1.
Decolight Research Report
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Correlation analysis and pair trading evaluation for Decolight and UltraTech Cement Limited. 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