As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Rio Tinto will likely underperform.
The median price of Rio Tinto for the period between Fri, Apr 19, 2013 and Sun, May 19, 2013 is 55.12 with a coefficient of variation of 1.55. The daily time series for the period is distributed with a sample standard deviation of 0.85, arithmetic mean of 55.03, and mean deviation of 0.63. The Stock did not receive any noticable media coverage during the period.
Rio Tinto Ltd [RIO] is traded on Australian Securities Exchange in Australia. It is located in Melbourne, VIC and employs 71,000 people. The company currently falls under 'Mega-Cap' category with current market capitalization of 101.84 B. Rio Tinto Ltd operates under Basic Materials sector and is part of Industrial Metals and Minerals industry. This company has 1.85 B outstanding shares.
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