Use Avon 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 ..........
-0.57
As returns on market increase, returns on owning Avon are expected to decrease at a much smaller rate. During bear market, Avon is likely to outperform the market.
The median price of Avon for the period between Wed, Apr 25, 2012 and Fri, May 25, 2012 is 19.91 with a coefficient of variation of 9.84. The daily time series for the period is distributed with a sample standard deviation of 1.9, arithmetic mean of 19.34, and mean deviation of 1.67. The Stock received substential amount of media coverage during this period.
Avon Products Inc. [AVP] is traded on American Stock Exchange in USA. It is located in New York, NY and employs 40,600 people. The company currently falls under 'Mid-Cap' category with total capitalization of 7.22 B. Avon Products Inc. runs under Consumer Goods sector within Personal Products industry. This company has 431.8 M outstanding shares of which 6.72 M shares are presently shorted by investors with about 0.4 days to cover shorted positions.
Avon Liquidity
AVON PRODUCTS INC has about 1.24 B in cash with 654.4 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.87.
The company has 3.39 B in debt with debt to equity (D/E) ratio of 2.05 meaning that the company heavily relies on borrowing funds for operations. Avon Products Inc. has Current Ratio of 1.28 demonstrating that it is in a questionable position to pay out its financial commitments when the payables are due.