Use JC Penney to protect against small markets fluctuations. The stock experiences moderate downward daily trend and can be a good diversifier. Check odds of JC Penney to be traded at $9.61 in 30 days
JC Penney Daily Price Distribution
The median price of JC Penney for the period between Sun, Jul 31, 2016 and Tue, Aug 30, 2016 is 9.89 with a coefficient of variation of 6.17. The daily time series for the period is distributed with a sample standard deviation of 0.61, arithmetic mean of 9.92, and mean deviation of 0.47. The Stock received some media coverage during the period.
J C Penney Company Inc (JCP) is traded on New York Stock Exchange in USA. It is located in TEXAS, U.S.A and employs 100,000 people. JC Penney is listed under Retail category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with total capitalization of 3.04 B. J C Penney Company Inc runs under Services sector within Department Stores industry. This company has 307.6 M outstanding shares of which 87.56 M shares are currently shorted by investors with about 7.83 days to cover shorted positions.
PENNEY J C CO HOL has about 429 M in cash with 416 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.4.
Annual report required by the U.S. Securities and Exchange Commission (SEC) of a company financial performance
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Correlation analysis and pair trading evaluation for JC Penney and The TJX Companies. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return