Use ITC Limited 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 ITC Limited to be traded at 342.79 in 30 days
ITC Limited Price and Market Media
The median price of ITC Limited for the period between Wed, Feb 4, 2015 and Fri, Mar 6, 2015 is 378.05 with a coefficient of variation of 5.31. The daily time series for the period is distributed with a sample standard deviation of 19.93, arithmetic mean of 375.19, and mean deviation of 16.7. The Stock did not receive any noticable media coverage during the period.
ITC Limited [ITC] is traded on Calcutta Stock Exchange of India in India. It is located in Kolkata, and employs 25,917 people. The company currently falls under 'Mega-Cap' category with current market capitalization of 2930 B. ITC Limited operates under Consumer Goods sector and is part of Tobacco Products, Other industry. This company has 7.95 B outstanding shares.
ITC Limited, together with its subsidiaries, is engaged 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