Use DTE Energy to protect against small markets fluctuations. The stock experiences moderate downward daily trend and can be a good diversifier. Check odds of DTE Energy to be traded at $96.84 in 30 days
DTE Energy Daily Price Distribution
The median price of DTE Energy for the period between Sat, Jun 25, 2016 and Mon, Jul 25, 2016 is 98.1 with a coefficient of variation of 1.47. The daily time series for the period is distributed with a sample standard deviation of 1.44, arithmetic mean of 97.97, and mean deviation of 1.07. The Stock received some media coverage during the period.
DTE Energy Company (DTE) is traded on New York Stock Exchange in USA. It is located in MICHIGAN, U.S.A and employs 10,000 people. DTE Energy is listed under Utilities category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with total capitalization of 17.59 B. DTE Energy Company runs under Utilities sector within Electric Utilities industry. This company has 179.44 M outstanding shares of which 2.53 M shares are currently shorted by investors with about 2.75 days to cover shorted positions.
D T E ENERGY CO H has about 35 M in cash with 1.9 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.2.
Correlation analysis and pair trading evaluation for DTE Energy and SJVN 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