Use Bombardier to protect against small markets fluctuations. The stock experiences very speculative upward sentiment.. Check odds of Bombardier to be traded at C$1.52 in 30 days
Bombardier Daily Price Distribution
The median price of Bombardier for the period between Sun, Aug 28, 2016 and Tue, Sep 27, 2016 is 8.65 with a coefficient of variation of 2.2. The daily time series for the period is distributed with a sample standard deviation of 0.19, arithmetic mean of 8.61, and mean deviation of 0.16. The Stock received some 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 3.62 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 42.04 M shares are currently shorted by private and institutional investors with about 12.23 days to cover all short positions.
BOMBARDIER INC CL has accumulated about 3.82 B in cash with 141 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.72 which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Correlation analysis and pair trading evaluation for Bombardier and CAE 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