Use ION Geophysi to protect against small markets fluctuations. The stock experiences unexpected downward movement. The market is reacting to new fundamentals. Check odds of ION Geophysi to be traded at $2.16 in 30 days
ION Geophysi Price and Market Media
The median price of ION Geophysi for the period between Fri, Jan 2, 2015 and Sun, Feb 1, 2015 is 2.55 with a coefficient of variation of 6.43. The daily time series for the period is distributed with a sample standard deviation of 0.16, arithmetic mean of 2.53, and mean deviation of 0.13. The Stock received some media coverage during the period.
ION Geophysical Corporation [IO] is traded on New York Stock Exchange in USA. It is located in Houston, TX and employs 1,072 people. The company currently falls under 'Small-Cap' category with market capitalization of 456.48 M. ION Geophysical Corporation is active under Basic Materials sector as part of Oil and Gas Equipment and Services industry. This company has 164.2 M outstanding shares of which 3.86 M shares are currently sold short in the market by investors with about 3.1 days to cover all shorted shares.
Correlation analysis and pair trading evaluation for ION Geophysi and Schlumberger 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