Long CNHI vs Short AGCO
Spread is mildly oversold, would prefer it to be a bit more extreme
ADF shows the spread is often co-integrated
The stocks are strong fundamental matches and score well when looking at Fwrd PE, P-Sales, P-Book, Sector, Industry and Category
Spread recently traded for a +4.6% return
Spread is mildly oversold, would prefer it to be a bit more extreme
ADF shows the spread is often co-integrated
The stocks are strong fundamental matches and score well when looking at Fwrd PE, P-Sales, P-Book, Sector, Industry and Category
Spread recently traded for a +4.6% return