Nocturne Acquisition Stock Fundamentals
Nocturne Acquisition fundamentals help investors to digest information that contributes to Nocturne Acquisition's financial success or failures. It also enables traders to predict the movement of Nocturne Stock. The fundamental analysis module provides a way to measure Nocturne 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 Nocturne Acquisition stock.
Nocturne |
Nocturne Acquisition Company Number Of Shares Shorted Analysis
Nocturne Acquisition's 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 Nocturne Acquisition Number Of Shares Shorted | 9.2 K |
Most of Nocturne Acquisition's 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, Nocturne Acquisition is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
CompetitionBased on the recorded statements, Nocturne Acquisition has 9.2 K of outstending shares currently sold short by investors. This is much higher than that of the Financial Services sector and significantly higher than that of the Financials industry. The number of shares shorted for all United States stocks is notably lower than that of the firm.
Nocturne Acquisition Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Nocturne Acquisition's current stock value. Our valuation model uses many indicators to compare Nocturne Acquisition value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Nocturne Acquisition competition to find correlations between indicators driving Nocturne Acquisition's intrinsic value. More Info.Nocturne Acquisition is regarded third in return on asset category among its peers. It is regarded second in number of shares shorted category among its peers . Comparative valuation analysis is a catch-all technique that is used if you cannot value Nocturne Acquisition by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Nocturne Number Of Shares Shorted Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Nocturne Acquisition's 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 Nocturne Acquisition could also be used in its relative valuation, which is a method of valuing Nocturne Acquisition by comparing valuation metrics of similar companies.Nocturne Acquisition is currently under evaluation in number of shares shorted category among its peers.
Nocturne Fundamentals
| Return On Asset | -0.0205 | |||
| Number Of Shares Shorted | 9.2 K | |||
| EBITDA | (2.05 M) | |||
| Net Income | (1.21 M) | |||
| Total Debt | 2.58 M | |||
| Debt To Equity | 4.62 % | |||
| Book Value Per Share | (2.12) X | |||
| Cash Flow From Operations | (1.26 M) | |||
| Beta | -0.045 | |||
| Market Capitalization | 124.5 M | |||
| Total Asset | 21.22 M | |||
| Retained Earnings | (8.54 M) | |||
| Z Score | 28.07 | |||
| Net Asset | 21.22 M |
Pair Trading with Nocturne 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 Nocturne 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 Nocturne Acquisition will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Boston Scientific could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Boston Scientific 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 Boston Scientific - 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 Boston Scientific Corp to buy it.
The correlation of Boston Scientific 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 Boston Scientific moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Boston Scientific Corp 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 Boston Scientific 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 Correlation Analysis 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 main economic indicators. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Other Consideration for investing in Nocturne Stock
If you are still planning to invest in Nocturne Acquisition 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 Nocturne Acquisition's history and understand the potential risks before investing.
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine |