Use Akamai to protect against small markets fluctuations. The stock experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment
1 Month Beta ..........
0.38
As returns on market increase, Akamai returns are expected to increase less than the market. However during bear market, the loss on holding Akamai will be expected to be smaller as well.
The median price of Akamai for the period between Wed, Apr 25, 2012 and Fri, May 25, 2012 is 31.37 with a coefficient of variation of 5.78. The daily time series for the period is distributed with a sample standard deviation of 1.8, arithmetic mean of 31.15, and mean deviation of 1.61. The Stock received substential amount of media coverage during this period.
Akamai Technologies Inc. [AKAM] is traded on American Stock Exchange in USA. It is located in Akamai Technologies, Inc.Cambridge, MA and employs 2,380 people. The company currently falls under 'Mid-Cap' category with current market capitalization of 5.27 B. Akamai Technologies Inc. conducts business under Technology sector and is part of Internet Information Providers industry. This company has 179.18 M outstanding shares of which 5.06 M shares are presently shorted by private and institutional investors with about 1.6 trading days to cover.
Akamai Liquidity
The company has Current Ratio of 4.49 suggesting that it is liquid enough and is able to pay its financial obligations when they are due.