As returns on market increase, returns on owning OZ Minerals are expected to decrease by larger amounts. On the other hand, during market turmoil, OZ Minerals is expected to significantly outperform it.
Use OZ Minerals to protect against small markets fluctuations. The stock experiences moderate downward daily trend and can be a good diversifier. Check odds of OZ Minerals to be traded at A$2.89 in 30 days
OZ Minerals Price and Market Media
The median price of OZ Minerals for the period between Wed, Nov 13, 2013 and Fri, Dec 13, 2013 is 3.21 with a coefficient of variation of 5.43. The daily time series for the period is distributed with a sample standard deviation of 0.17, arithmetic mean of 3.18, and mean deviation of 0.12. The Stock did not receive any noticable media coverage during the period.
OZ Minerals Limited [OZL] is traded on Australian Securities Exchange in Australia. It is located in Melbourne, VIC and employs 15 people. The company currently falls under 'Small-Cap' category with current market capitalization of 891.36 M. OZ Minerals Limited operates under Basic Materials sector and is part of Copper industry. This company has 303.18 M outstanding shares.
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