Use JC Penney to protect against small markets fluctuations. The stock experiences very speculative upward sentiment.. Check odds of JC Penney to be traded at 7.82 in 30 days
JC Penney Price and Market Media
The median price of JC Penney for the period between Wed, Jan 28, 2015 and Fri, Feb 27, 2015 is 8.05 with a coefficient of variation of 6.47. The daily time series for the period is distributed with a sample standard deviation of 0.52, arithmetic mean of 8.01, and mean deviation of 0.4. 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 J. C. Penney Company, Inc.Plano, TX and employs 117,000 people. The company currently falls under 'Mid-Cap' category with total capitalization of 2.3 B. J C Penney Company Inc runs under Services sector within Department Stores industry. This company has 304.85 M outstanding shares of which 103.71 M shares are currently shorted by investors with about 6.0 days to cover shorted positions.
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