Use COM DEV to protect against small markets fluctuations. The stock experiences moderate downward daily trend and can be a good diversifier. Check odds of COM DEV to be traded at C$5.74 in 30 days
COM DEV Daily Price Distribution
The median price of COM DEV for the period between Thu, Jun 30, 2016 and Sat, Jul 30, 2016 is 6.19 with a coefficient of variation of 1.54. The daily time series for the period is distributed with a sample standard deviation of 0.09, arithmetic mean of 6.16, and mean deviation of 0.06. The Stock received substential amount of media coverage during this period.
COM DEV Summary
COM DEV International Ltd (CDV) is traded on Toronto Stock Exchange in Canada. It is located in Cambridge, ON NR H and employs 1,300 people. The company currently falls under 'Small-Cap' category with current market capitalization of 448.61 M. COM DEV International Ltd operates under Technology sector and is part of Communication Equipment industry. This company has 76.55 M outstanding shares of which 399.6 K shares are currently shorted by private and institutional investors with about 1.45 days to cover all short positions.
COM DEV INTL COM has accumulated about 17.19 M in cash with 23.64 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.23.
The company reported revenue of 219.63 M. Net Loss for the year was (12.76 M).
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Correlation analysis and pair trading evaluation for COM DEV and Evertz Technologies. 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