Use Belo to protect against small markets fluctuations. The stock experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment
The median price of Belo for the period between Mon, May 20, 2013 and Wed, Jun 19, 2013 is 11.38 with a coefficient of variation of 9.6. The daily time series for the period is distributed with a sample standard deviation of 1.13, arithmetic mean of 11.79, and mean deviation of 0.84. The Stock received substential amount of media coverage during this period.
Belo Corp [BLC] is traded on New York Stock Exchange in USA. It is located in Dallas, TX and employs 2,465 people. The company currently falls under 'Mid-Cap' category with total capitalization of 1.43 B. Belo Corp runs under Services sector within Broadcasting - TV industry. This company has 103.77 M outstanding shares of which 2.85 M shares are currently shorted by investors with about 3.4 days to cover shorted positions.
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