HF Sinclair Lowered to Equal Weight Rating by Wells Fargo Company
| SPHYDA Index | 4,496 38.21 0.86% |
About 52% of SP High's investor base is interested to short. The analysis of the overall investor sentiment regarding SP High Yield suggests that many traders are impartial. The current market sentiment, together with SP High's historical and current headlines, can help investors time the market. In addition, many technical investors use SP High Yield index news signals to limit their universe of possible portfolio assets.
Wells Fargo Company lowered shares of HF Sinclair from an overweight rating to an equal weight rating in a research report report published on Monday morning, MarketBeat reports. They currently have 45.00 price target on the stock, down from their previous price target of 53.00. Other analysts have also recently
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SP High Yield 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 SP High index to make a market-neutral strategy. Peer analysis of SP High could also be used in its relative valuation, which is a method of valuing SP High by comparing valuation metrics with similar companies.
Peers
SP High Related Equities
| ARIS | Aris Water | 2.12 | ||||
| NRG | NRG Energy | 1.98 | ||||
| IPGP | IPG Photonics | 1.35 | ||||
| AM | Antero Midstream | 0.33 | ||||
| SUM | Summit Materials | 0.30 | ||||
| PH | Parker Hannifin | 0.24 | ||||
| SPH | Suburban Propane | 0.35 |