Use Libbey to protect against small markets fluctuations. The stock experiences normal downward trend and little activity. Check odds of Libbey to be traded at $17.12 in 30 days
Libbey Daily Price Distribution
The median price of Libbey for the period between Fri, Aug 26, 2016 and Sun, Sep 25, 2016 is 17.36 with a coefficient of variation of 1.79. The daily time series for the period is distributed with a sample standard deviation of 0.31, arithmetic mean of 17.35, and mean deviation of 0.26. The Stock received some media coverage during the period.
Libbey Inc (LBY) is traded on American Stock Exchange in USA. It is located in OHIO, U.S.A and employs 6,543 people. Libbey is listed under Shipping Containers category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with total capitalization of 371.94 M. Libbey Inc runs under Consumer Goods sector within Home Furnishings and Fixtures industry. This company has 21.83 M outstanding shares of which 374.23 K shares are now shorted by investors with about 3.58 days to cover shorted positions.
LIBBEY INC SC has about 46.45 M in cash with 82.93 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.13.
Correlation analysis and pair trading evaluation for Libbey and Mohawk Industries. 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