Use Hutchinson 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 returns on market increase, Hutchinson returns are expected to increase less than the market. However during bear market, the loss on holding Hutchinson will be expected to be smaller as well.
The median price of Hutchinson for the period between Fri, Apr 19, 2013 and Sun, May 19, 2013 is 2.93 with a coefficient of variation of 20.64. The daily time series for the period is distributed with a sample standard deviation of 0.68, arithmetic mean of 3.28, and mean deviation of 0.54. The Stock received substential amount of media coverage during this period.
Hutchinson Technology Inc [HTCH] is traded on NASDAQ in USA. It is located in Hutchinson, MN and employs 2,060 people. The company currently falls under 'Small-Cap' category with current market capitalization of 104.85 M. Hutchinson Technology Inc conducts business under Technology sector and is part of Data Storage Devices industry. This company has 26.21 M outstanding shares of which 1.77 M shares are currently shorted by private and institutional investors with about 8.0 trading days to cover.
Hutchinson Technology Incorporated engages in the research, design, development, manufacture, and supply of suspension assemblies for hard disk drives. more
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