Use Petroamerica 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 Petroamerica to be traded at C$0.1386 in 30 days
Petroamerica Price and Market Media
The median price of Petroamerica for the period between Fri, Jan 2, 2015 and Sun, Feb 1, 2015 is 0.14 with a coefficient of variation of 5.5. The daily time series for the period is distributed with a sample standard deviation of 0.01, arithmetic mean of 0.15, and mean deviation of 0.01. The Stock received some media coverage during the period.
Petroamerica Oil Corp [PTA] is traded on TSX Venture Exchange in Canada. It is located in Calgary, AB TP R and employs 21 people. The company currently falls under 'Small-Cap' category with current market capitalization of 126.52 M. Petroamerica Oil Corp classifies itself under Basic Materials sector and is part of Independent Oil and Gas industry. This company has 872.52 M outstanding shares.
Correlation analysis and pair trading evaluation for Petroamerica and CNOOC Ltd. 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