Use Petroamerica Oil 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 Oil to be traded at C$1.2375 in 30 days
Petroamerica Oil has high likelihood to experience some financial distress in the next 2 years
The company reported revenue of 77.36 M. Net Loss for the year was (136.4 M).
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Correlation analysis and pair trading evaluation for Petroamerica Oil and The Bank of. 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