Use PSB Holdings to protect against small markets fluctuations. The stock experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of PSB Holdings to be traded at $7.5 in 30 days
PSB Holdings Price and Market Media
The median price of PSB Holdings for the period between Wed, Dec 31, 2014 and Fri, Jan 30, 2015 is 7.55 with a coefficient of variation of 1.8. The daily time series for the period is distributed with a sample standard deviation of 0.14, arithmetic mean of 7.54, and mean deviation of 0.1. The Stock received some media coverage during the period.
PSB Holdings Inc [PSBH] is traded on Nasdaq Capital Markets in USA. It is located in Putnam, CT and employs 84 people. The company currently falls under 'Micro-Cap' category with current market capitalization of 49.87 M. PSB Holdings Inc conducts business under Financial sector and is part of Savings and Loans industry. This company has 6.41 M outstanding shares of which 221 shares are at this time shorted by private and institutional investors with about 0.1 trading days to cover.
Correlation analysis and pair trading evaluation for PSB Holdings and Hudson City Bancorp. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return