Use Novik 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, returns on owning Novik are expected to decrease at a much smaller rate. During bear market, Novik is likely to outperform the market.
The median price of Novik for the period between Mon, May 20, 2013 and Wed, Jun 19, 2013 is 0.46 with a coefficient of variation of 4.85. The daily time series for the period is distributed with a sample standard deviation of 0.02, arithmetic mean of 0.45, and mean deviation of 0.02. The Stock received some media coverage during the period.
Novik Inc [NVK] is traded on TSX Venture Exchange in Canada. It is located in , GrandsLacs streetSaintAugustindeDesmaures, QC GA K and employs 10 people. The company currently falls under 'Micro-Cap' category with current market capitalization of 23.44 M. Novik Inc classifies itself under Services sector and is part of Home Improvement Stores industry. This company has 48.82 M outstanding shares.
Novik Inc. engages in the design, manufacture, and marketing of polymer exterior covering and roofing products, and various exterior structural and decorative solutions for the residential and commercial construction, and home improvement industry. more
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