Remains a major concern to short NPN outright.
Rather do a relative pair: Short NPN vs Long PRX.
The lower panel is the correlation of NPN vs PRX - confirming that PRX is a good hedge.
Rather do a relative pair: Short NPN vs Long PRX.
The lower panel is the correlation of NPN vs PRX - confirming that PRX is a good hedge.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.