As returns on market increase, Ecopetrol returns are expected to increase less than the market. However during bear market, the loss on holding Ecopetrol will be expected to be smaller as well.
The median price of Ecopetrol for the period between Wed, Apr 24, 2013 and Fri, May 24, 2013 is 45.77 with a coefficient of variation of 3.37. The daily time series for the period is distributed with a sample standard deviation of 1.54, arithmetic mean of 45.66, and mean deviation of 1.29. The Stock did not receive any noticable media coverage during the period.
Ecopetrol SA [EC] is traded on New York Stock Exchange in USA. It is located in Carrera , No.Bogota, and employs 9,701 people. The company currently falls under 'Large-Cap' category with market capitalization of 88.96 B. Ecopetrol SA is active under Basic Materials sector as part of Major Integrated Oil and Gas industry. This company has 2.06 B outstanding shares of which 7.9 M shares are currently sold short in the market by investors with about 10.0 days to cover all shorted shares.
Joaquin Uribe Principal, Director, Member of Bus. Committee, Member of Audit Committee, Member of Corporate Governance and Sustainability Committee and Member of Compensation and Nomination Committee
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