Can someone explain to me how to calculate Long/Short spread. As in, “there was a negative long/short spread in Q1”–
Is this to say if Longs went up 10%, and shorts went up 15%, there would be a negative spread of 5%? Am I thinking about this correctly?
So ideally if Longs went up 20%, and shorts went down 5%, there would be a positive 25% spread? Thanks.
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