Use Potash 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, Potash returns are expected to increase less than the market. However during bear market, the loss on holding Potash will be expected to be smaller as well.
The median price of Potash for the period between Sun, Apr 21, 2013 and Tue, May 21, 2013 is 42.52 with a coefficient of variation of 3.72. The daily time series for the period is distributed with a sample standard deviation of 1.57, arithmetic mean of 42.14, and mean deviation of 1.24. The Stock received substential amount of media coverage during this period.
Potash Corp of Saskatchewan Inc [POT] is traded on New York Stock Exchange in USA. It is located in Potash Corp. of Saskatchewan, Inc.Saskatoon, SK SK G and employs 5,779 people. The company currently falls under 'Large-Cap' category with total capitalization of 33.15 B. Potash Corp of Saskatchewan Inc runs under Basic Materials sector within Agricultural Chemicals industry. This company has 865.11 M outstanding shares of which 9.91 M shares are at this time shorted by investors with about 2.9 days to cover shorted positions.
Potash Corporationration of Saskatchewan Inc., together with its subsidiaries, produces and sells fertilizers and related industrial and feed solutions primarily in the United States and Canada. more
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