Use Itau to protect against small markets fluctuations. The stock experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment
Roberto Setubal CEO, Vice Chairman and President Member of Capital and Risks Management Committee, Member of Strategy Committee and Member of Personnel Committee
The median price of Itau for the period between Wed, Apr 24, 2013 and Fri, May 24, 2013 is 16.83 with a coefficient of variation of 2.89. The daily time series for the period is distributed with a sample standard deviation of 0.48, arithmetic mean of 16.77, and mean deviation of 0.39. The Stock received some media coverage during the period.
Itau Unibanco Holding SA [ITUB] is traded on New York Stock Exchange in USA. It is located in Sao Paulo, SP and employs 96,977 people. The company currently falls under 'Large-Cap' category with current market capitalization of 77.44 B. Itau Unibanco Holding SA conducts business under Financial sector and is part of Foreign Regional Banks industry. This company has 4.52 B outstanding shares of which 14.56 M shares are currently shorted by private and institutional investors with about 1.9 trading days to cover.
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