Use Shanghai to protect against small markets fluctuations. The stock experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment
As returns on market increase, Shanghai returns are expected to increase less than the market. However during bear market, the loss on holding Shanghai will be expected to be smaller as well.
2727 Hong Kong Shanghai Electric Group Company Limited
The median price of Shanghai for the period between Tue, Apr 23, 2013 and Thu, May 23, 2013 is 2.92 with a coefficient of variation of 4.28. The daily time series for the period is distributed with a sample standard deviation of 0.12, arithmetic mean of 2.89, and mean deviation of 0.11. The Stock did not receive any noticable media coverage during the period.
Shanghai Electric Group Company Limited [2727] is traded on Hong Kong Stock Exchange in Hong Kong. It is located in No. , Qin Jiang RoadShanghai, and employs 30,299 people. The company currently falls under 'Mid-Cap' category with current market capitalization of 8.38 B. Shanghai Electric Group Company Limited operates under Industrial Goods sector and is part of Diversified Machinery industry. This company has 2.97 B outstanding shares.
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