Further Upside For Bitnine Co, Ltd. Shares Could Introduce Price Risks After 26 percent Bounce - Simply Wall St
| 357880 Stock | 2,480 165.00 6.24% |
About 61% of BitNine Co's investor base is looking to short. The analysis of current outlook of investing in BitNine Co suggests that many traders are alarmed regarding BitNine Co's prospects. The current market sentiment, together with BitNine Co's historical and current headlines, can help investors time the market. In addition, many technical investors use BitNine Co stock news signals to limit their universe of possible portfolio assets.
BitNine |
Further Upside For Bitnine Co, Ltd. Shares Could Introduce Price Risks After 26 percent Bounce Simply Wall St
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BitNine Co Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with BitNine Co stock to make a market-neutral strategy. Peer analysis of BitNine Co could also be used in its relative valuation, which is a method of valuing BitNine Co by comparing valuation metrics with similar companies.
Peers
BitNine Co Related Equities
| 051910 | LG Chemicals | 0.77 |
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| 005385 | Hyundai | 1.49 |
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| 006400 | Samsung SDI | 1.55 |
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| 005387 | Hyundai | 1.57 |
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| 207940 | Samsung Biologics | 2.24 |
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| 005935 | Samsung Electronics | 2.32 |
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| 373220 | LG Energy | 2.49 |
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| 051915 | LG Chem | 3.19 |
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| 005930 | Samsung Electronics | 3.28 |
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| 000660 | SK Hynix | 4.63 |
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Complementary Tools for BitNine Stock analysis
When running BitNine Co's price analysis, check to measure BitNine Co's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy BitNine Co is operating at the current time. Most of BitNine Co's value examination focuses on studying past and present price action to predict the probability of BitNine Co's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BitNine Co's price. Additionally, you may evaluate how the addition of BitNine Co to your portfolios can decrease your overall portfolio volatility.
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