Use National to protect against small markets fluctuations. The stock experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of National to be traded at $12.95 in 30 days
National Price and Market Media
The median price of National for the period between Tue, Dec 30, 2014 and Thu, Jan 29, 2015 is 13.45 with a coefficient of variation of 2.23. The daily time series for the period is distributed with a sample standard deviation of 0.3, arithmetic mean of 13.46, and mean deviation of 0.22. The Stock received some media coverage during the period.
National Security Group Inc [NSEC] is traded on NASDAQ General Markets in USA. It is located in Elba, AL and employs 101 people. The company currently falls under 'Micro-Cap' category with current market capitalization of 33.84 M. National Security Group Inc conducts business under Financial sector and is part of Property and Casualty Insurance industry. This company has 2.51 M outstanding shares of which 2.63 K shares are now shorted by private and institutional investors with about 0.9 trading days to cover.
The company currently holds 22.79 M in liabilities with Debt to Equity (D/E) ratio of 0.57 which is about average as compared to similar companies. National Security Group Inc has Current Ratio of 0.5 indicating that it has a negative working capital and may not be able to pay financial obligations when they are due.
About 40.0% of National Security Group Inc outstanding shares are owned by corporate insiders
Correlation analysis and pair trading evaluation for National and Berkshire Hathaway. 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