Use Rediff to protect against small markets fluctuations. The stock experiences moderate downward daily trend and can be a good diversifier
1 Month Beta ..........
0.49
As returns on market increase, Rediff returns are expected to increase less than the market. However during bear market, the loss on holding Rediff will be expected to be smaller as well.
The median price of Rediff for the period between Thu, Apr 26, 2012 and Sat, May 26, 2012 is 5.15 with a coefficient of variation of 10.95. The daily time series for the period is distributed with a sample standard deviation of 0.58, arithmetic mean of 5.32, and mean deviation of 0.5. The Stock did not receive any noticable media coverage during the period.
Rediff.com India Ltd. [REDF] is traded on American Stock Exchange in USA. It is located in Mumbai, and employs 335 people. The company currently falls under 'Small-Cap' category with current market capitalization of 125.86 M. Rediff.com India Ltd. conducts business under Technology sector and is part of Internet Information Providers industry. This company has 27.6 M outstanding shares of which 660.6 K shares are at this time shorted by private and institutional investors with about 4.9 trading days to cover.