Ahren Acquisition Corp Stock Short Ratio
Ahren Acquisition Corp fundamentals help investors to digest information that contributes to Ahren Acquisition's financial success or failures. It also enables traders to predict the movement of Ahren Stock. The fundamental analysis module provides a way to measure Ahren Acquisition's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Ahren Acquisition stock.
Ahren |
Ahren Acquisition Corp Company Short Ratio Analysis
Ahren Acquisition's Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.
Current Ahren Acquisition Short Ratio | 0.02 X |
Most of Ahren Acquisition's fundamental indicators, such as Short Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Ahren Acquisition Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.
CompetitionBased on the latest financial disclosure, Ahren Acquisition Corp has a Short Ratio of 0.02 times. This is 99.69% lower than that of the Financial Services sector and significantly higher than that of the Shell Companies industry. The short ratio for all United States stocks is 99.5% higher than that of the company.
Ahren Short Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ahren Acquisition's direct or indirect competition against its Short Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Ahren Acquisition could also be used in its relative valuation, which is a method of valuing Ahren Acquisition by comparing valuation metrics of similar companies.Ahren Acquisition is currently under evaluation in short ratio category among its peers.
Ahren Fundamentals
| Return On Asset | -0.0079 | |||
| Current Valuation | 381.96 M | |||
| Shares Outstanding | 30 M | |||
| Shares Owned By Institutions | 95.79 % | |||
| Number Of Shares Shorted | 1.44 K | |||
| EBITDA | (22.27 M) | |||
| Net Income | 13.76 M | |||
| Cash And Equivalents | 911.61 K | |||
| Cash Per Share | 0.02 X | |||
| Total Debt | 157.63 K | |||
| Current Ratio | 21.16 X | |||
| Book Value Per Share | (0.12) X | |||
| Cash Flow From Operations | 1.59 M | |||
| Short Ratio | 0.02 X | |||
| Earnings Per Share | 0.25 X | |||
| Market Capitalization | 393.37 M | |||
| Total Asset | 310.97 M | |||
| Retained Earnings | (2.87 M) | |||
| Working Capital | 307.01 M | |||
| Net Asset | 310.97 M |
Pair Trading with Ahren Acquisition
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ahren Acquisition position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ahren Acquisition will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Illinois Tool could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Illinois Tool when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Illinois Tool - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Illinois Tool Works to buy it.
The correlation of Illinois Tool is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Illinois Tool moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Illinois Tool Works moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Illinois Tool can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Other Consideration for investing in Ahren Stock
If you are still planning to invest in Ahren Acquisition Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Ahren Acquisition's history and understand the potential risks before investing.
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