I think diversification comes from the Black-Scholes theory, whereby two inversely correlated assets can provide a positive return with zero risk. The term "risk" here refers to volatility in the investing world. It's not as relevant for investors like us who invest in a stock for fundamental reasons and are prepared to accept price variation in the short term. But for fund managers, with customers who may want to cash in at any time and may get nervous with the price going down, it provides a more stable price performance.
Share price, page-1081
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Last
$4.05 |
Change
0.000(0.00%) |
Mkt cap ! $959.3M | |||
| Open | High | Low | Value | Volume |
| $4.00 | $4.07 | $3.96 | $1.316M | 328.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 278 | $4.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.06 | 2459 | 2 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| SLX (ASX) Chart |