As returns on market increase, Melco returns are expected to increase less than the market. However during bear market, the loss on holding Melco will be expected to be smaller as well.
James Packer Non-Executive Co - Chairman of the Board
Melco Price and Market Media
The median price of Melco for the period between Sun, Apr 21, 2013 and Tue, May 21, 2013 is 24.35 with a coefficient of variation of 2.01. The daily time series for the period is distributed with a sample standard deviation of 0.49, arithmetic mean of 24.28, and mean deviation of 0.37. The Stock did not receive any noticable media coverage during the period.
Melco Crown Entertainment Limited [MPEL] is traded on NASDAQ in USA. It is located in Central, and employs 11,769 people. The company currently falls under 'Large-Cap' category with current market capitalization of 12.39 B. Melco Crown Entertainment Limited conducts business under Services sector and is part of Resorts and Casinos industry. This company has 548.93 M outstanding shares of which 7.33 M shares are now shorted by private and institutional investors with about 1.4 trading days to cover.
Melco Crown Entertainment Limited, through its subsidiaries, develops, owns, and operates casino gaming and entertainment resort facilities in Macau. more
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