Use Praxair to protect against small markets fluctuations. The stock experiences moderate downward daily trend and can be a good diversifier
1 Month Beta ..........
1.45
As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Praxair will likely underperform.
Raymond LeBoeuf Director, Chairman of Audit Committee and Member of Fin. and Pension Committee
Eduardo Menezes Executive VP and President of North American Industrial Gases, MBA
Praxair Price and Market Media
The median price of Praxair for the period between Thu, Apr 26, 2012 and Sat, May 26, 2012 is 111.68 with a coefficient of variation of 3.33. The daily time series for the period is distributed with a sample standard deviation of 3.71, arithmetic mean of 111.37, and mean deviation of 3.22. The Stock received some media coverage during the period.
Praxair Inc. [PX] is traded on American Stock Exchange in USA. It is located in Danbury, CT and employs 26,184 people. The company currently falls under 'Large-Cap' category with market capitalization of 32.22 B. Praxair Inc. is active under Basic Materials sector as part of Synthetics industry. This company has 298.69 M outstanding shares of which 3.95 M shares are at this time sold short in the market by investors with about 3.1 days to cover all shorted shares.
Praxair Liquidity
PRAXAIR INC reports about 107 M in cash with 2.5 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.36.
The company reports 6.86 B of total liabilities with total debt to equity ratio (D/E) of 1.05 which is normal for its line of buisiness. Praxair Inc. has Current Ratio of 1.25 indicating that it may have difficulties to pay its debt commitments in time.