Use Nexstar 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, Nexstar returns are expected to increase less than the market. However during bear market, the loss on holding Nexstar will be expected to be smaller as well.
Perry Sook Founder, Executive Chairman, CEO and President CEO of Nexstar Broadcasting Inc and President of Nexstar Broadcasting Inc and Director of Nexstar Broadcasting Inc
The median price of Nexstar for the period between Wed, Apr 24, 2013 and Fri, May 24, 2013 is 27.19 with a coefficient of variation of 7.62. The daily time series for the period is distributed with a sample standard deviation of 2.04, arithmetic mean of 26.81, and mean deviation of 1.73. The Stock received some media coverage during the period.
Nexstar Broadcasting Group Inc [NXST] is traded on NASDAQ General Markets in USA. It is located in Nexstar Broadcasting Group, Inc.Irving, TX and employs 2,099 people. The company currently falls under 'Small-Cap' category with current market capitalization of 734.81 M. Nexstar Broadcasting Group Inc conducts business under Services sector and is part of Broadcasting - TV industry. This company has 29.42 M outstanding shares of which 341.08 K shares are now shorted by private and institutional investors with about 0.6 trading days to cover.
Nexstar Broadcasting Group, Inc., a television broadcasting and digital media company, focuses on the acquisition, development, and operation of television stations and interactive community Websites in mediumsized markets in the United States. more
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