Toronto Dominion Bank Grows Stock Position in Nuvei Co.

NVEIDelisted Stock  USD 33.99  0.00  0.00%   
Under 56% of Nuvei Corp's investor base is looking to short. The analysis of overall sentiment of trading Nuvei Corp stock suggests that many investors are alarmed at this time. Nuvei Corp's investing sentiment shows overall attitude of investors towards Nuvei Corp.
  
Toronto Dominion Bank boosted its stake in Nuvei Co. by 75.7 percent in the first quarter, Holdings Channel reports. The fund owned 24,759 shares of the companys stock after buying an additional 10,671 shares during the quarter. Toronto Dominion Banks holdings in Nuvei were worth 1,087,000 as of its most recent SEC

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Nuvei Corp Fundamental Analysis

We analyze Nuvei Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nuvei Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nuvei Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Return On Asset

Return On Asset Comparative Analysis

Nuvei Corp is currently under evaluation in return on asset category among its peers. Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.

Nuvei Corp 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 Nuvei Corp stock to make a market-neutral strategy. Peer analysis of Nuvei Corp could also be used in its relative valuation, which is a method of valuing Nuvei Corp by comparing valuation metrics with similar companies.

Peers

Nuvei Corp Related Equities

KPLTKatapult Holdings   3.01   
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NNNextnav Acquisition   0.36   
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STNEStoneCo   0.85   
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OSPNOneSpan   0.95   
24.0%
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PANWPalo Alto   1.23   
32.0%
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PAGSPagSeguro Digital   1.39   
36.0%
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ALARAlarum Technologies   1.71   
44.0%
0%
NTNXNutanix   1.79   
46.0%
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MQMarqeta   2.14   
55.0%
0%
ARQQArqit Quantum   2.60   
67.0%
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CRWDCrowdstrike Holdings   2.76   
72.0%
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GCTGigaCloud Technology   2.82   
73.0%
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HOODRobinhood Markets   3.37   
87.0%
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PLTRPalantir Technologies   3.73   
97.0%
0%
CFLTConfluent   3.83   
100.0%
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Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

Other Consideration for investing in Nuvei Stock

If you are still planning to invest in Nuvei Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Nuvei Corp's history and understand the potential risks before investing.
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