Use El Paso to protect against small markets fluctuations. The stock experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment
Unless we do not have data at the moment the returns on S&P 500 and El Paso are completely uncorrelated
Pay attentionOverlapping area represents amount of risk that can be diversified away by holding El Paso Corp. and equity matching GSPC index in the same portfolio
El Paso Summary
El Paso Corp [EP] is traded on American Stock Exchange in USA. It is located in Houston, TX and employs 4,858 people. The company currently falls under 'Large-Cap' category with market capitalization of 22.25 B. El Paso Corp has 774.04 M outstanding shares of which 8.95 M shares are currently sold short in the market by investors with about 1.3 days to cover all shorted shares.
El Paso Corporationration operates in the natural gas transmission, and exploration and production sectors of the energy industry primarily in the United States. more
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