Use Albemarle 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 ..........
2.18
As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Albemarle will likely underperform.
The median price of Albemarle for the period between Wed, Apr 25, 2012 and Fri, May 25, 2012 is 62.9 with a coefficient of variation of 3.66. The daily time series for the period is distributed with a sample standard deviation of 2.3, arithmetic mean of 62.89, and mean deviation of 1.89. The Stock received some media coverage during the period.
Albemarle Corporation [ALB] is traded on American Stock Exchange in USA. It is located in Baton Rouge, LA and employs 4,260 people. The company currently falls under 'Mid-Cap' category with total capitalization of 5.39 B. Albemarle Corporation runs under Basic Materials sector within Specialty Chemicals industry. This company has 89.19 M outstanding shares of which 1.79 M shares are presently shorted by investors with about 2.9 days to cover shorted positions.
Albemarle Liquidity
ALBEMARLE CP has about 519.36 M in cash with 564.35 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.82.
The company has 756.66 M in debt with debt to equity (D/E) ratio of 0.42 which is OK given its current industry classification. Albemarle Corporation has Current Ratio of 3.32 demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due.
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