Use Microsoft to protect against small markets fluctuations. The stock experiences moderate downward daily trend and can be a good diversifier. Check odds of Microsoft to be traded at $56.28 in 30 days
Microsoft Daily Price Distribution
The median price of Microsoft for the period between Fri, Aug 26, 2016 and Sun, Sep 25, 2016 is 57.59 with a coefficient of variation of 0.99. The daily time series for the period is distributed with a sample standard deviation of 0.57, arithmetic mean of 57.4, and mean deviation of 0.45. The Stock received some media coverage during the period.
Microsoft Corporation (MSFT) is traded on NASDAQ in USA. It is located in WASHINGTON, U.S.A and employs 114,000 people. Microsoft is listed under Business Services category by Fama And French industry classification. The company currently falls under 'Mega-Cap' category with current market capitalization of 447.52 B. Microsoft Corporation conducts business under Technology sector and is part of Business Software and Services industry. This company has 7.79 B outstanding shares of which 54.64 M shares are now shorted by private and institutional investors with about 2.19 trading days to cover.
MICROSOFT CP currently holds about 113.04 B in cash with 33.32 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 14.51.
Correlation analysis and pair trading evaluation for Microsoft and Automatic Data Proce. 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