Use Alumina 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 ..........
2.07
As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Alumina will likely underperform.
FellDip (Chem) Chairman, Chairman of Audit Committee, Member of Nomination Committee and Member of Compensation Committee
Alumina Price and Market Media
The median price of Alumina for the period between Wed, Apr 25, 2012 and Fri, May 25, 2012 is 3.93 with a coefficient of variation of 12.36. The daily time series for the period is distributed with a sample standard deviation of 0.5, arithmetic mean of 4.05, and mean deviation of 0.43. The Stock received some media coverage during the period.
Alumina Ltd. [AWC] is traded on American Stock Exchange in USA. It is located in Southbank, VIC and employs 10 people. The company currently falls under 'Mid-Cap' category with total capitalization of 2.12 B. Alumina Ltd. runs under Basic Materials sector within Aluminum industry. This company has 610.04 M outstanding shares of which 637.85 K shares are presently shorted by investors with about 1.8 days to cover shorted positions.
Alumina Liquidity
ALUMINA LTD ADS has about 19 M in cash with 196.1 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03.
The company has 490.6 M in debt with debt to equity (D/E) ratio of 0.17 which may show that the company is not taking advantage of profits from borrowing. Alumina Ltd. has Current Ratio of 0.43 suggesting that it has not enough short term capital to pay financial commitments when the payables are due.