Use AlcatelLucent to protect against small markets fluctuations. The stock experiences moderate downward daily trend and can be a good diversifier. Check odds of AlcatelLucent to be traded at $3.75 in 30 days
AlcatelLucent Price and Market Media
The median price of AlcatelLucent for the period between Mon, Feb 2, 2015 and Wed, Mar 4, 2015 is 3.87 with a coefficient of variation of 4.49. The daily time series for the period is distributed with a sample standard deviation of 0.17, arithmetic mean of 3.77, and mean deviation of 0.15. The Stock received some media coverage during the period.
AlcatelLucent [ALU] is traded on New York Stock Exchange in USA. It is located in Paris, and employs 62,311 people. The company currently falls under 'Mid-Cap' category with total capitalization of 9.93 B. AlcatelLucent runs under Technology sector within Communication Equipment industry. This company has 2.77 B outstanding shares of which 15.83 M shares are presently shorted by investors with about 1.6 days to cover shorted positions.
Correlation analysis and pair trading evaluation for AlcatelLucent and QUALCOMM Incorporated. 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