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.
開源腳本
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. 您可以收藏它以在圖表上使用。
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