Is Newmont Stock Outpacing Its Basic Materials Peers This Year?
| HIGN Index | 48.00 28.00 36.84% |
About 57% of NYSE New's investor base is looking to short. The analysis of the overall investor sentiment regarding NYSE New Highs suggests that many traders are alarmed. NYSE New's investing sentiment overview a quick insight into current market opportunities from investing in NYSE New Highs. Many technical investors use NYSE New Highs index news signals to limit their universe of possible portfolio assets and to time the market correctly.
Here is how Newmont Corporation and Agnico Eagle Mines have performed compared to their sector so far this year.
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NYSE New Highs 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 NYSE New index to make a market-neutral strategy. Peer analysis of NYSE New could also be used in its relative valuation, which is a method of valuing NYSE New by comparing valuation metrics with similar companies.
Peers
NYSE New Related Equities
| IPGP | IPG Photonics | 0.50 | ||||
| EFRMF | East Africa | 0.00 | ||||
| CPAC | Cementos Pacasmayo | 0.34 | ||||
| GFF | Griffon | 1.29 | ||||
| AEM | Agnico Eagle | 2.45 | ||||
| CC | Chemours | 8.36 |