Why Rivian Stock Is Trading Up Today
| BVLG Index | 4,174 22.81 0.54% |
About 61% of PSI All's investor base is looking to short. The analysis of the overall investor sentiment regarding PSI All Share suggests that many traders are alarmed. PSI All's investing sentiment overview a quick insight into current market opportunities from investing in PSI All Share. Many technical investors use PSI All Share index news signals to limit their universe of possible portfolio assets and to time the market correctly.
Shares of electric vehicle manufacturer Rivian jumped 15.2 percent in the morning session after Benchmark analyst Mickey Legg initiated coverage on the stock with a Buy rating and 18 price target. Legg believes Rivian can attract more customers, pointing to growing opportunities in the electric vehicle market. He said, After a pause this year, domestic EV production is expected to improve in 2025 and further accelerate in 2026 to 2027 as average selling prices decline and the charg
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PSI All Share 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 PSI All index to make a market-neutral strategy. Peer analysis of PSI All could also be used in its relative valuation, which is a method of valuing PSI All by comparing valuation metrics with similar companies.
Peers
PSI All Related Equities
| SOC | Sable Offshore | 4.66 | ||||
| TSLA | Tesla | 4.34 | ||||
| DAN | Dana | 1.28 | ||||
| RIVN | Rivian Automotive | 1.20 | ||||
| SAIA | Saia | 0.87 | ||||
| JDSPY | JD Sports | 0.78 | ||||
| AXL | American Axle | 1.74 |