Significant diversificationOverlapping area represents amount of risk that can be diversified away by holding GelTech Solutions Inc. and equity matching NYA index in the same portfolio
GelTech Diversification Suggestion
Use GelTech to protect against small markets fluctuations. The stock experiences normal downward fluctuation but is a risky buy. Check odds of GelTech to be traded at 0.594 in 30 days
GelTech Price and Market Media
The median price of GelTech for the period between Sun, Aug 3, 2014 and Tue, Sep 2, 2014 is 0.67 with a coefficient of variation of 4.39. The daily time series for the period is distributed with a sample standard deviation of 0.03, arithmetic mean of 0.66, and mean deviation of 0.02. The Stock did not receive any noticable media coverage during the period.
GelTech Solutions Inc [GLTC] 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 24.85 M. GelTech Solutions Inc has 24.13 M outstanding shares.