Use Himax 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, Himax will likely underperform.
The median price of Himax for the period between Tue, Apr 23, 2013 and Thu, May 23, 2013 is 6.42 with a coefficient of variation of 12.85. The daily time series for the period is distributed with a sample standard deviation of 0.82, arithmetic mean of 6.39, and mean deviation of 0.68. The Stock received substential amount of media coverage during this period.
Himax Technologies Inc [HIMX] is traded on NASDAQ in USA. It is located in Himax Technologies, Inc.No. , Zilian RoadTainan, and employs 1,400 people. The company currently falls under 'Mid-Cap' category with current market capitalization of 2.03 B. Himax Technologies Inc conducts business under Technology sector and is part of Semiconductor - Specialized industry. This company has 339.15 M outstanding shares of which 549.79 K shares are currently shorted by private and institutional investors with about 0.5 trading days to cover.
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