Use ATP Oil 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 ..........
3.82
As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, ATP Oil will likely underperform.
The median price of ATP Oil for the period between Wed, Apr 25, 2012 and Fri, May 25, 2012 is 6.46 with a coefficient of variation of 15.64. The daily time series for the period is distributed with a sample standard deviation of 1.01, arithmetic mean of 6.43, and mean deviation of 0.9. The Stock received some media coverage during the period.
ATP Oil & Gas Corporation [ATPG] is traded on American Stock Exchange in USA. It is located in Houston, TX and employs 68 people. The company currently falls under 'Small-Cap' category with current market capitalization of 264.42 M. ATP Oil & Gas Corporation conducts business under Basic Materials sector and is part of Independent Oil and Gas industry. This company has 51.34 M outstanding shares of which 18.9 M shares are presently shorted by private and institutional investors with about 15.4 trading days to cover.
ATP Oil Liquidity
ATP OIL & GAS COR currently holds about 224.74 M in cash with 211.82 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.38.
The company currently holds 2.15 B in liabilities. ATP Oil & Gas Corporation has Current Ratio of 0.55 indicating that it has a negative working capital and may not be able to pay financial obligations when they are due.