Use Thermax 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, Thermax returns are expected to increase less than the market. However during bear market, the loss on holding Thermax will be expected to be smaller as well.
The median price of Thermax for the period between Sun, May 19, 2013 and Tue, Jun 18, 2013 is 584.8 with a coefficient of variation of 1.6. The daily time series for the period is distributed with a sample standard deviation of 9.39, arithmetic mean of 587.76, and mean deviation of 7.81. The Stock did not receive any noticable media coverage during the period.
Thermax Ltd [THERMAX] is traded on Bombay Stock Exchange in India. It is located in Pune, and employs 4,016 people. The company currently falls under 'Large-Cap' category with current market capitalization of 68.76 B. Thermax Ltd operates under Industrial Goods sector and is part of Diversified Machinery industry. This company has 119.16 M outstanding shares.
Gopal Mahadevan CFO, Executive VP and Member of Executive Council
Thermax Directors
M Unnikrishnan Managing Director, Member of Executive Council, Executive Director, Member of Share Transfer and Shareholders Grievance Committee, Member of Strategic Bus. Devel. Committee, Member of Borrowing and Investments Committee and Member of International Investment Committee
Thermax Management
R Sonde Executive VP of Research, Technology and Innovation and Member of Executive Council
PGDBM (Mech) Executive VP and Member of Executive Council
R Ramani Executive VP of Power Generation and Member of Executive Council
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