Use Alphabet to protect against small markets fluctuations. The stock experiences normal downward trend and little activity. Check odds of Alphabet to be traded at $787.42 in 30 days
Alphabet Daily Price Distribution
The median price of Alphabet for the period between Tue, Sep 27, 2016 and Thu, Oct 27, 2016 is 783.01 with a coefficient of variation of 1.51. The daily time series for the period is distributed with a sample standard deviation of 11.86, arithmetic mean of 786.32, and mean deviation of 9.89. The Stock received some media coverage during the period.
Alphabet Inc (GOOG) is traded on NASDAQ in USA. It is located in 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States and employs 66,575 people. The company currently falls under 'Mega-Cap' category with current market capitalization of 557.15 B. Alphabet Inc conducts business under Technology sector and is part of Internet Information Providers industry. This company has 343.6 M outstanding shares of which 2.01 M shares are currently shorted by private and institutional investors with about 1.65 trading days to cover.
GOOGLE currently holds about 76.94 B in cash with 28.98 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 111.95.
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Correlation analysis and pair trading evaluation for Alphabet and Facebook 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