Weak Q3 numbers bear out Proficient Auto Logistics prediction
Proficient Auto Logistics had warned of a weak quarter. The numbers released Friday proved that projection correct. The post Weak Q3 numbers bear out Proficient Auto Logistics prediction appeared first on FreightWaves.
Read at finance.yahoo.com
 |
Novelis 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 Novelis stock to make a market-neutral strategy. Peer analysis of Novelis could also be used in its relative valuation, which is a method of valuing Novelis by comparing valuation metrics with similar companies.
Peers
Novelis Related Equities
| CELH | Celsius Holdings | 5.88 | ||||
| SHOT | Safety Shot | 4.05 | ||||
| LUV | Southwest Airlines | 0.72 | ||||
| FLYX | FlyExclusive, | 0.32 | ||||
| ICAGY | International Consolidated | 0.27 | ||||
| ALK | Alaska Air | 0.50 |
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 real. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Other Consideration for investing in Novelis Stock
If you are still planning to invest in Novelis 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 Novelis' history and understand the potential risks before investing.
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Equity Valuation Check real value of public entities based on technical and fundamental data |