Very good diversificationOverlapping area represents amount of risk that can be diversified away by holding The Tata Power Company Limited and equity matching GSPC index in the same portfolio
Tata Diversification Suggestion
Use Tata to protect against small markets fluctuations. The stock experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of Tata to be traded at 86.82 in 30 days
Tata Price and Market Media
The median price of Tata for the period between Tue, Nov 12, 2013 and Thu, Dec 12, 2013 is 78.85 with a coefficient of variation of 4.41. The daily time series for the period is distributed with a sample standard deviation of 3.53, arithmetic mean of 80.01, and mean deviation of 2.21. The Stock did not receive any noticable media coverage during the period.
The Tata Power Company Limited [TATAPOWER] is traded on Bombay Stock Exchange in India. It is located in , Homi Mody StreetMumbai, and employs 4,830 people. The company currently falls under 'Mega-Cap' category with current market capitalization of 499.8 B. The Tata Power Company Limited operates under Utilities sector and is part of Electric Utilities industry. This company has 6.25 B outstanding shares.
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