Calvin Klein Parent PVH Falls As Q3 Beats Are Derailed By Soft Guidance
PVH Corp. reported Q3 results above guidance but gave soft guidance for Q4, with sales expected to decrease by 6-7 percent and adjusted EPS of 3.05-3.20. The company also repurchased shares worth 29 million and expects to repurchase 400 million for the full year 2024.
Read at benzinga.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
| NWE | NorthWestern | 0.24 | ||||
| ALDF | Aldel Financial | 0.20 | ||||
| SVTMF | SM Investments | 0.00 | ||||
| BSIIU | Black Spade | 0.1 | ||||
| GAINN | Gladstone Investment | 0.45 | ||||
| PNNT | PennantPark Investment | 5.83 |
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 AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
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.
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |