Excellon Resources Stock Number Of Shares Shorted
| EXN Stock | CAD 0.10 0.01 9.09% |
Excellon Resources fundamentals help investors to digest information that contributes to Excellon Resources' financial success or failures. It also enables traders to predict the movement of Excellon Stock. The fundamental analysis module provides a way to measure Excellon Resources' 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 Excellon Resources stock.
Excellon | Number Of Shares Shorted |
Excellon Resources Company Number Of Shares Shorted Analysis
Excellon Resources' Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.
More About Number Of Shares Shorted | All Equity Analysis
Shares Shorted | = | Shorted by Public | + | by Institutions |
Current Excellon Resources Number Of Shares Shorted | 104.32 K |
Most of Excellon Resources' fundamental indicators, such as Number Of Shares Shorted, 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, Excellon Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Excellon Number Of Shares Shorted Driver Correlations
Understanding the fundamental principles of building solid financial models for Excellon Resources is extremely important. It helps to project a fair market value of Excellon Stock properly, considering its historical fundamentals such as Number Of Shares Shorted. Since Excellon Resources' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Excellon Resources' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Excellon Resources' interrelated accounts and indicators.
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If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.
| Competition |
Based on the recorded statements, Excellon Resources has 104.32 K of outstending shares currently sold short by investors. This is 96.77% lower than that of the Metals & Mining sector and 98.1% lower than that of the Materials industry. The number of shares shorted for all Canada stocks is 97.78% higher than that of the company.
Excellon Number Of Shares Shorted Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Excellon Resources' direct or indirect competition against its Number Of Shares Shorted to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Excellon Resources could also be used in its relative valuation, which is a method of valuing Excellon Resources by comparing valuation metrics of similar companies.Excellon Resources is rated below average in number of shares shorted category among its peers.
Excellon Fundamentals
| Return On Equity | -4.28 | ||||
| Return On Asset | -0.1 | ||||
| Current Valuation | 15.29 M | ||||
| Shares Outstanding | 136.81 M | ||||
| Shares Owned By Insiders | 25.36 % | ||||
| Number Of Shares Shorted | 104.32 K | ||||
| Price To Earning | (18.58) X | ||||
| Price To Book | 0.82 X | ||||
| Price To Sales | 0.30 X | ||||
| Gross Profit | 11.75 M | ||||
| EBITDA | (5.47 M) | ||||
| Net Income | 6.53 M | ||||
| Cash And Equivalents | 1.47 M | ||||
| Cash Per Share | 0.04 X | ||||
| Total Debt | 11.99 M | ||||
| Debt To Equity | 2.80 % | ||||
| Current Ratio | 1.41 X | ||||
| Book Value Per Share | (0.20) X | ||||
| Cash Flow From Operations | (1.59 M) | ||||
| Short Ratio | 0.40 X | ||||
| Earnings Per Share | (0.20) X | ||||
| Target Price | 1.02 | ||||
| Beta | 1.04 | ||||
| Market Capitalization | 13 M | ||||
| Total Asset | 16.64 M | ||||
| Retained Earnings | (174.47 M) | ||||
| Working Capital | (24.48 M) | ||||
| Net Asset | 16.64 M |
About Excellon Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Excellon Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Excellon Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Excellon Resources 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 Excellon Resources
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 Excellon Resources 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 Excellon Resources will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Excellon Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Excellon Resources 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 Excellon Resources - 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 Excellon Resources to buy it.
The correlation of Excellon Resources 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 Excellon Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Excellon Resources 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 Excellon Resources 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.Other Information on Investing in Excellon Stock
Excellon Resources financial ratios help investors to determine whether Excellon Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Excellon with respect to the benefits of owning Excellon Resources security.