Use Bombardier to protect against small markets fluctuations. The stock experiences very speculative upward sentiment.. Check odds of Bombardier to be traded at C$1.8525 in 30 days
Bombardier Daily Price Distribution
The median price of Bombardier for the period between Wed, Jun 1, 2016 and Fri, Jul 1, 2016 is 8.02 with a coefficient of variation of 1.08. The daily time series for the period is distributed with a sample standard deviation of 0.09, arithmetic mean of 8.0, and mean deviation of 0.07. The Stock did not receive any noticable media coverage during the period.
Bombardier Inc (BBD-B) is traded on Toronto Stock Exchange in Canada. It is located in Montr?al, QC HB Y and employs 59,650 people. The company currently falls under 'Mid-Cap' category with current market capitalization of 4.42 B. Bombardier Inc operates under Industrial Goods sector and is part of Aerospace/Defense - Major Diversified industry. This company has 1.91 B outstanding shares of which 53.1 M shares are currently shorted by private and institutional investors with about 6.6 days to cover all short positions.
BOMBARDIER INC CL has accumulated about 3.79 B in cash with (70 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.71.
Correlation analysis and pair trading evaluation for Bombardier and Bombardier Inc. 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