Use Sony to protect against small markets fluctuations. The stock experiences moderate downward daily trend and can be a good diversifier. Check odds of Sony to be traded at $32.52 in 30 days
Sony Daily Price Distribution
The median price of Sony for the period between Fri, Jul 29, 2016 and Sun, Aug 28, 2016 is 32.82 with a coefficient of variation of 1.73. The daily time series for the period is distributed with a sample standard deviation of 0.57, arithmetic mean of 32.74, and mean deviation of 0.36. The Stock received some media coverage during the period.
Sony Corporation (SNE) is traded on New York Stock Exchange in USA. It is located in JAPAN and employs 20 people. Sony is listed under Recreation category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with total capitalization of 40.84 B. Sony Corporation runs under Consumer Goods sector within Electronic Equipment industry. This company has 1.26 B outstanding shares of which 3.48 M shares are at this time shorted by investors with about 2.25 days to cover shorted positions.
SONY CP ADR has about 7.47 B in cash with 9.09 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.92.
The company has 8.17 B in debt with debt to equity (D/E) ratio of 0.27 which may show that the company is not taking advantage of profits from borrowing. Sony Corporation has Current Ratio of 0.83 suggesting that it has not enough short term capital to pay financial commitments when the payables are due.
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Correlation analysis and pair trading evaluation for Sony and Apple Inc. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return