Use Schlumberger 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, returns on owning Schlumberger are expected to decrease by larger amounts. On the other hand, during market turmoil, Schlumberger is expected to significantly outperform it.
The median price of Schlumberger for the period between Wed, Apr 24, 2013 and Fri, May 24, 2013 is 104.6 with a coefficient of variation of 10.23. The daily time series for the period is distributed with a sample standard deviation of 10.27, arithmetic mean of 100.32, and mean deviation of 7.29. The Stock did not receive any noticable media coverage during the period.
Schlumberger Limited [SLB] is traded on Buenos-Aires Stock Exchange in Argentina. It is located in Houston, TX and employs 118,000 people. The company currently falls under 'Mega-Cap' category with current market capitalization of 271.65 B. Schlumberger Limited has 1.33 B outstanding shares.
Schlumberger Limited, together with its subsidiaries, engages in the supply of technology, integrated project management, and information solutions to oil and gas exploration and production industries worldwide. more
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