OPEN-SOURCE SCRIPT
GOOG v GOOGL Arbitrage
Tiny little indicator.
Class A shares of Google (
GOOG) have voting power. Class C shares (GOOGL) don't. So Class A sells for more since they're strictly better than class C, but how much more?
With this indicator, we can see that it's usually about +0.5%. So if it's ever different than that, there might be a small arb opportunity as it rebalances itself. i.e. If it's negative, then class C is temporarily more expensive, and you could short class C and simultaneously buy class A. Alternatively, if it's 2% above, you could do the opposite.
Class A shares of Google (
GOOG) have voting power. Class C shares (GOOGL) don't. So Class A sells for more since they're strictly better than class C, but how much more? With this indicator, we can see that it's usually about +0.5%. So if it's ever different than that, there might be a small arb opportunity as it rebalances itself. i.e. If it's negative, then class C is temporarily more expensive, and you could short class C and simultaneously buy class A. Alternatively, if it's 2% above, you could do the opposite.
Script de código aberto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script de código aberto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.