Use Praemium Limited to protect against small markets fluctuations. The stock experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of Praemium Limited to be traded at A$0.4947 in 30 days
Praemium Limited Daily Price Distribution
The median price of Praemium Limited for the period between Fri, Sep 23, 2016 and Sun, Oct 23, 2016 is 0.465 with a coefficient of variation of 9.77. The daily time series for the period is distributed with a sample standard deviation of 0.05, arithmetic mean of 0.46, and mean deviation of 0.04. The Stock did not receive any noticable media coverage during the period.
Praemium Limited (PPS) is traded on Australian Securities Exchange in Australia. It is located in Melbourne, VIC and employs 191 people. The company currently falls under 'Small-Cap' category with current market capitalization of 202.12 M. Praemium Limited operates under Technology sector and is part of Information Technology Services industry. This company has 396.31 M outstanding shares.
PRAEMIUM has accumulated about 10.43 M in cash with 977.61 K of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03.
Praemium Limited has some characteristics of a very speculative penny stock
Praemium Limited has high likelihood to experience some financial distress in the next 2 years
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Correlation analysis and pair trading evaluation for Praemium Limited and Computershare Limited. 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