Sanctuary Advisors LLC Boosts Stake in Ross Stores, Inc. - MarketBeat
Northbridge Industrial 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 Northbridge Industrial stock to make a market-neutral strategy. Peer analysis of Northbridge Industrial could also be used in its relative valuation, which is a method of valuing Northbridge Industrial by comparing valuation metrics with similar companies.
Peers
Northbridge Industrial Related Equities
| 0KXO | Ross Stores | 0.75 | ||||
| 0Q1S | Verizon Communications | 0.12 | ||||
| 0HW4 | Charter Communications | 0.1 | ||||
| 0IF3 | Eastman Chemical | 0.08 | ||||
| 0LVK | Westlake Chemical | 0.92 | ||||
| ELLA | Ecclesiastical Insurance | 1.13 | ||||
| 0A4G | Qurate Retail | 2.86 | ||||
| ORNT | Orient Telecoms | 8.88 |
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 bureau of labor statistics. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Other Consideration for investing in Northbridge Stock
If you are still planning to invest in Northbridge Industrial 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 Northbridge Industrial's history and understand the potential risks before investing.
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