Use NetApp to protect against small markets fluctuations. The stock experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment
As returns on market increase, NetApp returns are expected to increase less than the market. However during bear market, the loss on holding NetApp will be expected to be smaller as well.
The median price of NetApp for the period between Sun, Apr 21, 2013 and Tue, May 21, 2013 is 35.49 with a coefficient of variation of 3.34. The daily time series for the period is distributed with a sample standard deviation of 1.19, arithmetic mean of 35.54, and mean deviation of 0.9. The Stock received substential amount of media coverage during this period.
NetApp Inc [NTAP] is traded on NASDAQ in USA. It is located in NetApp, Inc.Sunnyvale, CA and employs 12,149 people. The company currently falls under 'Large-Cap' category with current market capitalization of 13.64 B. NetApp Inc conducts business under Technology sector and is part of Data Storage Devices industry. This company has 360.41 M outstanding shares of which 20.63 M shares are now shorted by private and institutional investors with about 2.5 trading days to cover.
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