As returns on market increase, returns on owning BP plc are expected to decrease at a much smaller rate. During bear market, BP plc is likely to outperform the market.
The median price of BP plc for the period between Tue, Apr 23, 2013 and Thu, May 23, 2013 is 466.4 with a coefficient of variation of 1.63. The daily time series for the period is distributed with a sample standard deviation of 7.58, arithmetic mean of 466.28, and mean deviation of 5.31. The Stock received substential amount of media coverage during this period.
BP plc [BP] is traded on London Stock Exchange in UK. It is located in London, SWY PD and employs 85,700 people. The company currently falls under 'Large-Cap' category with current market capitalization of 92.57 B. BP plc conducts business under Basic Materials sector and is part of Major Integrated Oil and Gas industry. This company has 19.15 B outstanding shares.
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