Corenergy Infras Stock Short Ratio
| CORRDelisted Stock | USD 1.16 0.05 4.13% |
Corenergy Infras fundamentals help investors to digest information that contributes to Corenergy Infras' financial success or failures. It also enables traders to predict the movement of Corenergy Stock. The fundamental analysis module provides a way to measure Corenergy Infras' 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 Corenergy Infras stock.
Corenergy |
Corenergy Infras Company Short Ratio Analysis
Corenergy Infras' 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 Corenergy Infras Short Ratio | 4.91 X |
Most of Corenergy Infras' 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, Corenergy Infras 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, Corenergy Infras has a Short Ratio of 4.91 times. This is 5.59% higher than that of the Diversified REITs sector and significantly higher than that of the Real Estate industry. The short ratio for all United States stocks is 22.75% lower than that of the firm.
Corenergy Short Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Corenergy Infras' 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 Corenergy Infras could also be used in its relative valuation, which is a method of valuing Corenergy Infras by comparing valuation metrics of similar companies.Corenergy Infras is currently under evaluation in short ratio category among its peers.
Corenergy Fundamentals
| Return On Equity | -0.0475 | |||
| Return On Asset | 0.0111 | |||
| Profit Margin | (0.11) % | |||
| Operating Margin | 0.04 % | |||
| Current Valuation | 473.42 M | |||
| Shares Outstanding | 15.35 M | |||
| Shares Owned By Insiders | 5.36 % | |||
| Shares Owned By Institutions | 0.52 % | |||
| Number Of Shares Shorted | 237.75 K | |||
| Price To Earning | 105.31 X | |||
| Price To Book | 3.87 X | |||
| Price To Sales | 0.01 X | |||
| Revenue | 134.33 M | |||
| Gross Profit | 60.45 M | |||
| EBITDA | 23.36 M | |||
| Net Income | (14.47 M) | |||
| Cash And Equivalents | 21.78 M | |||
| Cash Per Share | 1.37 X | |||
| Total Debt | 221.35 M | |||
| Debt To Equity | 0.90 % | |||
| Current Ratio | 1.51 X | |||
| Book Value Per Share | (1.23) X | |||
| Cash Flow From Operations | 8.71 M | |||
| Short Ratio | 4.91 X | |||
| Earnings Per Share | (1.52) X | |||
| Price To Earnings To Growth | 8.33 X | |||
| Target Price | 1.0 | |||
| Number Of Employees | 156 | |||
| Beta | 1.62 | |||
| Market Capitalization | 1.63 M | |||
| Total Asset | 494.96 M | |||
| Retained Earnings | (333.79 M) | |||
| Working Capital | (78.59 M) | |||
| Current Asset | 26.66 M | |||
| Current Liabilities | 70.21 M | |||
| Z Score | -0.7 | |||
| Five Year Return | 9.60 % | |||
| Net Asset | 494.96 M | |||
| Last Dividend Paid | 0.05 |
About Corenergy Infras Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Corenergy Infras's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Corenergy Infras using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Corenergy Infras based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Corenergy Infras
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 Corenergy Infras 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 Corenergy Infras will appreciate offsetting losses from the drop in the long position's value.Moving against Corenergy Stock
| 0.55 | LCID | Lucid Group Aggressive Push | PairCorr |
| 0.54 | MPW | Medical Properties Trust | PairCorr |
| 0.5 | NIO | Nio Class A | PairCorr |
| 0.44 | VZ | Verizon Communications Aggressive Push | PairCorr |
The ability to find closely correlated positions to Corenergy Infras could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Corenergy Infras 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 Corenergy Infras - 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 Corenergy Infras to buy it.
The correlation of Corenergy Infras 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 Corenergy Infras moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Corenergy Infras 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 Corenergy Infras 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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Other Consideration for investing in Corenergy Stock
If you are still planning to invest in Corenergy Infras 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 Corenergy Infras' history and understand the potential risks before investing.
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