WD-40 Shares Up 1.3 percent - MarketBeat
| WD1 Stock | 248.00 4.00 1.59% |
Slightly above 61% of WD 40's investor base is looking to short. The analysis of current outlook of investing in WD 40 CO suggests that many traders are alarmed regarding WD 40's prospects. WD 40's investing sentiment can be driven by a variety of factors including economic data, WD 40's earnings reports, geopolitical events, and overall market trends.
WD1 |
WD-40 Shares Up 1.3 MarketBeat
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WD 40 CO 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 WD 40 stock to make a market-neutral strategy. Peer analysis of WD 40 could also be used in its relative valuation, which is a method of valuing WD 40 by comparing valuation metrics with similar companies.
Peers
WD 40 Related Equities
| 4QVA | Siamgas | 5.88 | ||||
| G4A | GEAR4MUSIC | 0.51 | ||||
| AP3 | AIR PRODCHEMICALS | 0.81 | ||||
| MCP | Microchip Technology | 0.93 | ||||
| MSI | Mitsui Chemicals | 0.98 | ||||
| WA4 | Warner Music | 2.48 | ||||
| CVB | Computer | 5.26 |
Additional Tools for WD1 Stock Analysis
When running WD 40's price analysis, check to measure WD 40's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy WD 40 is operating at the current time. Most of WD 40's value examination focuses on studying past and present price action to predict the probability of WD 40's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WD 40's price. Additionally, you may evaluate how the addition of WD 40 to your portfolios can decrease your overall portfolio volatility.