2 Must-Own Consumer Stocks and 1 to Skip
Consumer staples stocks usually provide protection when markets are frothy and ripe for a correction, but theyre a double-edged sword as they often lag in booming conditions. The industry has recently defied this pattern, however, delivering a six-month return of 10.3, nearly mirroring the SP 500.
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National Gas Oil 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 National Gas stock to make a market-neutral strategy. Peer analysis of National Gas could also be used in its relative valuation, which is a method of valuing National Gas by comparing valuation metrics with similar companies.
Peers
National Gas Related Equities
| DEO | Diageo PLC | 0.09 |
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| FMX | Fomento Economico | 0.58 |
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| CBRL | Cracker Barrel | 0.84 |
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| FWRG | First Watch | 1.73 |
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| SHOT | Safety Shot | 2.53 |
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| CELH | Celsius Holdings | 4.41 |
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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 bureau of economic analysis. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Other Consideration for investing in National Stock
If you are still planning to invest in National Gas Oil 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 National Gas' history and understand the potential risks before investing.
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