As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Mercadolibre will likely underperform.
The median price of Mercadolibre for the period between Fri, Apr 19, 2013 and Sun, May 19, 2013 is 103.95 with a coefficient of variation of 10.95. The daily time series for the period is distributed with a sample standard deviation of 11.78, arithmetic mean of 107.6, and mean deviation of 10.95. The Stock received substential amount of media coverage during this period.
Mercadolibre Inc [MELI] is traded on NASDAQ in USA. It is located in Mercadolibre, Inc.Buenos Aires, CCRG and employs 1,892 people. The company currently falls under 'Mid-Cap' category with current market capitalization of 5.41 B. Mercadolibre Inc conducts business under Services sector and is part of Catalog and Mail Order Houses industry. This company has 44.15 M outstanding shares of which 7.96 M shares are now shorted by private and institutional investors with about 22.4 trading days to cover.
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