Use Marvell Technology to protect against small markets fluctuations. The stock experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of Marvell Technology to be traded at $12.51 in 30 days
Marvell Technology Daily Price Distribution
The median price of Marvell Technology for the period between Thu, Sep 22, 2016 and Sat, Oct 22, 2016 is 13.02 with a coefficient of variation of 0.97. The daily time series for the period is distributed with a sample standard deviation of 0.13, arithmetic mean of 13.04, and mean deviation of 0.1. The Stock received some media coverage during the period.
Marvell Technology Group Ltd (MRVL) is traded on NASDAQ in USA. It is located in BERMUDA and employs 5,437 people. Marvell Technology is listed under Electronic Equipment category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with current market capitalization of 6.66 B. Marvell Technology Group Ltd conducts business under Technology sector and is part of Semiconductor - Integrated Circuits industry. This company has 512.04 M outstanding shares of which 6.65 M shares are now shorted by private and institutional investors with about 1.77 trading days to cover.
MARVELL TECH GROU currently holds about 1.62 B in cash with (478.84 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.17.
Correlation analysis and pair trading evaluation for Marvell Technology and Taiwan Semiconductor. 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