Use Companhia Energtica to protect against small markets fluctuations. The stock experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of Companhia Energtica to be traded at 26.99 in 30 days
Companhia Energtica Daily Price Distribution
The median price of Companhia Energtica for the period between Thu, May 26, 2016 and Sat, Jun 25, 2016 is 27.26 with a coefficient of variation of 12.33. The daily time series for the period is distributed with a sample standard deviation of 3.66, arithmetic mean of 29.71, and mean deviation of 3.33. The Stock did not receive any noticable media coverage during the period.
Companhia Energtica Summary
Companhia Energtica de Minas Gerais SA (CIGN) is traded on Mexico Stock Exchange in Mexico. It is located in Avenida Barbacena, Belo Horizonte, MG and employs 7,860 people. The company currently falls under 'Large-Cap' category with current market capitalization of 34.3 B. Companhia Energtica de Minas Gerais SA operates under Utilities sector and is part of Diversified Utilities industry. This company has 1.26 B outstanding shares.
CEMIG SP ADR has accumulated about 580.38 M in cash with 955.52 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.46.
The company has accumulated 4.46 B in total debt with debt to equity ratio (D/E) of 1.18 which is about average as compared to similar companies. Companhia Energtica de Minas Gerais SA has Current Ratio of 0.61 indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due.
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Correlation analysis and pair trading evaluation for Companhia Energtica and Exelon. 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