Use Orion 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 Orion are expected to decrease at a much smaller rate. During bear market, Orion is likely to outperform the market.
The median price of Orion for the period between Mon, May 20, 2013 and Wed, Jun 19, 2013 is 2.37 with a coefficient of variation of 2.61. The daily time series for the period is distributed with a sample standard deviation of 0.06, arithmetic mean of 2.36, and mean deviation of 0.05. The Stock received substential amount of media coverage during this period.
Orion Energy Systems Inc [OESX] is traded on American Stock Exchange in USA. It is located in Orion Energy Systems, IncManitowoc, WI and employs 256 people. The company currently falls under 'Micro-Cap' category with current market capitalization of 48.58 M. Orion Energy Systems Inc conducts business under Technology sector and is part of Diversified Electronics industry. This company has 20.16 M outstanding shares of which 21.31 K shares are now shorted by private and institutional investors with about 0.5 trading days to cover.
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