Use Garmin 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, Garmin will likely underperform.
Philip Straub Vice President Managing Director, Aviation Garmin International, Inc.
Garmin Price and Market Media
The median price of Garmin for the period between Wed, Apr 24, 2013 and Fri, May 24, 2013 is 35.47 with a coefficient of variation of 2.24. The daily time series for the period is distributed with a sample standard deviation of 0.8, arithmetic mean of 35.45, and mean deviation of 0.59. The Stock received substential amount of media coverage during this period.
Garmin Ltd [GRMN] is traded on NASDAQ in USA. It is located in Schaffhausen, and employs 9,777 people. The company currently falls under 'Mid-Cap' category with current market capitalization of 7.22 B. Garmin Ltd conducts business under Technology sector and is part of Scientific and Technical Instruments industry. This company has 195.66 M outstanding shares of which 11.79 M shares are currently shorted by private and institutional investors with about 9.5 trading days to cover.
Garmin Ltd., together with its subsidiaries, designs, develops, manufactures, and markets handheld, portable and fixedmount global positioning system enabled solutions and other navigation, communication, and information solutions for the automotive/mobile, outdoor, fitness, marine, and general aviation markets worldwide. more
Kevin Rauckman CFO, Principal Accounting Officer, Treasurer, Treasurer of Garmin International Inc, Treasurer of Garmin Usa Inc, Director of Garmin International Inc and Director of Garmin Usa Inc, MBA
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