Use Reef 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, Reef returns are expected to increase less than the market. However during bear market, the loss on holding Reef will be expected to be smaller as well.
Allan Tan CEO of Reef Hotel Casino and Executive Director of Reef Corporate Services Ltd
Benjamin Macdonald Non-Executive Chairman of the Board of Reef Corporate Services Limited
Reef Price and Market Media
The median price of Reef for the period between Mon, Apr 22, 2013 and Wed, May 22, 2013 is 2.64 with a coefficient of variation of 2.44. The daily time series for the period is distributed with a sample standard deviation of 0.06, arithmetic mean of 2.62, and mean deviation of 0.05. The Stock did not receive any noticable media coverage during the period.
Reef Casino Trust [RCT] is traded on Australian Securities Exchange in Australia. It is located in Brisbane, QLD and employs 9 people. The company currently falls under 'Small-Cap' category with current market capitalization of 126.99 M. Reef Casino Trust operates under Services sector and is part of Lodging industry. This company has 49.8 M outstanding shares.
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