Use L Brands to protect against small markets fluctuations. The stock experiences unexpected downward movement. The market is reacting to new fundamentals. Check odds of L Brands to be traded at $70.74 in 30 days
L Brands Daily Price Distribution
The median price of L Brands for the period between Sat, Aug 27, 2016 and Mon, Sep 26, 2016 is 73.91 with a coefficient of variation of 2.65. The daily time series for the period is distributed with a sample standard deviation of 1.96, arithmetic mean of 74.0, and mean deviation of 1.68. The Stock received some media coverage during the period.
L Brands Inc (LB) is traded on New York Stock Exchange in USA. It is located in OHIO, U.S.A and employs 22,900 people. L Brands is listed under Retail category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with market capitalization of 20.56 B. L Brands Inc is active under Services sector as part of Apparel Stores industry. This company has 285.97 M outstanding shares of which 11.6 M shares are now sold short in the market by investors with about 6.58 days to cover all shorted shares.
LA BARGE INC reports about 1.27 B in cash with 1.92 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.45.
Correlation analysis and pair trading evaluation for L Brands and Ross Stores. 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