Use Alleghany to protect against small markets fluctuations. The stock experiences somewhat bearish sentiment, but market may correct it shortly
1 Month Beta ..........
0.32
As returns on market increase, Alleghany returns are expected to increase less than the market. However during bear market, the loss on holding Alleghany will be expected to be smaller as well.
The median price of Alleghany for the period between Thu, Apr 26, 2012 and Sat, May 26, 2012 is 338.35 with a coefficient of variation of 1.97. The daily time series for the period is distributed with a sample standard deviation of 6.62, arithmetic mean of 335.35, and mean deviation of 5.98. The Stock received some media coverage during the period.
Alleghany Corporation [Y] is traded on American Stock Exchange in USA. It is located in New York, NY and employs 763 people. The company currently falls under 'Mid-Cap' category with current capitalization of 5.58 B. Alleghany Corporation operates under Financial sector and is part of Property and Casualty Insurance industry. This company has 16.93 M outstanding shares of which 235.83 K shares are at this time sold short by investors with about 3.1 days to cover all short positions.
Alleghany Liquidity
ALLEGHANY CP has accumulated about 1.09 B in cash with 162.02 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 64.5.
The company has accumulated 1.42 B in total debt with debt to equity ratio (D/E) of 0.23 which may indicate that the company is not taking enough advantage of borrowing. Alleghany Corporation has Current Ratio of 0.74 which means it has a negative working capital and may have difficulties to pay out interest payments when they become due.