Use Gerdau to protect against small markets fluctuations. The stock experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment
As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Gerdau will likely underperform.
The median price of Gerdau for the period between Mon, May 20, 2013 and Wed, Jun 19, 2013 is 6.16 with a coefficient of variation of 5.66. The daily time series for the period is distributed with a sample standard deviation of 0.35, arithmetic mean of 6.26, and mean deviation of 0.3. The Stock received some media coverage during the period.
Gerdau SA [GGB] is traded on New York Stock Exchange in USA. It is located in Av. Farrapos, Porto Alegre, RS and employs 45,503 people. The company currently falls under 'Large-Cap' category with total capitalization of 11.63 B. Gerdau SA runs under Basic Materials sector within Steel and Iron industry. This company has 1.7 B outstanding shares of which 10.33 M shares are currently shorted by investors with about 2.3 days to cover shorted positions.
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