Use Libbey to protect against small markets fluctuations. The stock experiences unexpected downward movement. The market is reacting to new fundamentals. Check odds of Libbey to be traded at $30.9 in 30 days
Libbey Price and Market Media
The median price of Libbey for the period between Tue, Dec 30, 2014 and Thu, Jan 29, 2015 is 32.19 with a coefficient of variation of 2.95. The daily time series for the period is distributed with a sample standard deviation of 0.95, arithmetic mean of 32.1, and mean deviation of 0.83. The Stock received some media coverage during the period.
Libbey Inc [LBY] is traded on American Stock Exchange in USA. It is located in Toledo, OH and employs 6,437 people. The company currently falls under 'Small-Cap' category with total capitalization of 675.73 M. Libbey Inc runs under Consumer Goods sector within Home Furnishings and Fixtures industry. This company has 21.66 M outstanding shares of which 502.51 K shares are now shorted by investors with about 6.0 days to cover shorted positions.
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