Use ITC Limited to protect against small markets fluctuations. The stock experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of ITC Limited to be traded at 240.61 in 30 days
ITC Limited Daily Price Distribution
The median price of ITC Limited for the period between Mon, Jun 27, 2016 and Wed, Jul 27, 2016 is 249.6 with a coefficient of variation of 16.67. The daily time series for the period is distributed with a sample standard deviation of 44.87, arithmetic mean of 269.15, and mean deviation of 33.72. The Stock did not receive any noticable media coverage during the period.
ITC Limited (ITC) is traded on National Stock Exchange of India in India. It is located in Kolkata, and employs 25,564 people. The company currently falls under 'Mega-Cap' category with current market capitalization of 3010 B. ITC Limited operates under Consumer Goods sector and is part of Tobacco Products, Other industry. This company has 12.08 B outstanding shares.
ITC LTD has accumulated about 2.7 B in cash with 98.78 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.35.
ITC Limited together with its subsidiaries engages in the fast moving consumer goods hotels paperboards and specialty papers packaging agriproducts and information technology businesses in India and internationally. more
Correlation analysis and pair trading evaluation for ITC Limited and ITC 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