Natural Gas is trading at 43.05 as of the 22nd of November 2024. This is a 2.99% up since the beginning of the trading day. The stock's lowest day price was 42.0. Natural Gas has hardly any chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for Natural Gas Mining are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of May 2024 and ending today, the 22nd of November 2024. Click here to learn more.
Although Natural Gas' alpha and beta are two of the key measurements used to evaluate Natural Gas' performance over the market, the standard measures of volatility play an important role as well.
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 Natural Gas stock to make a market-neutral strategy. Peer analysis of Natural Gas could also be used in its relative valuation, which is a method of valuing Natural Gas by comparing valuation metrics with similar companies.