Use SMS Management to protect against small markets fluctuations. The stock experiences moderate downward daily trend and can be a good diversifier. Check odds of SMS Management to be traded at A$1.5631 in 30 days
SMS Management Daily Price Distribution
The median price of SMS Management for the period between Mon, Sep 26, 2016 and Wed, Oct 26, 2016 is 1.59 with a coefficient of variation of 2.6. The daily time series for the period is distributed with a sample standard deviation of 0.04, arithmetic mean of 1.59, and mean deviation of 0.03. The Stock did not receive any noticable media coverage during the period.
SMS Management Technology Ltd (SMX) is traded on Australian Securities Exchange in Australia. It is located in Melbourne, VIC and employs 1,600 people. The company currently falls under 'Small-Cap' category with current market capitalization of 109.32 M. SMS Management Technology Ltd operates under Technology sector and is part of Information Technology Services industry. This company has 68.54 M outstanding shares.
SMS MANAGEMT & TE has accumulated about 4.73 M in cash with 18.27 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.07.
Correlation analysis and pair trading evaluation for SMS Management 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