Greenlane Renewables Number Of Shares Shorted vs. Price To Book
Based on Greenlane Renewables' profitability indicators, Greenlane Renewables may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in April. Profitability indicators assess Greenlane Renewables' ability to earn profits and add value for shareholders.
Check out Risk vs Return 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 board of governors.
Please note, there is a significant difference between Greenlane Renewables' value and its price as these two are different measures arrived at by different means. Investors typically determine if Greenlane Renewables is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Greenlane Renewables' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
For Greenlane Renewables profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Greenlane Renewables to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Greenlane Renewables utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Greenlane Renewables's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Greenlane Renewables over time as well as its relative position and ranking within its peers.
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Greenlane Renewables Price To Book vs. Number Of Shares Shorted Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Greenlane Renewables's current stock value. Our valuation model uses many indicators to compare Greenlane Renewables value to that of its competitors to determine the firm's financial worth. Greenlane Renewables is one of the top stocks in number of shares shorted category among its peers. It also is one of the top stocks in price to book category among its peers . The ratio of Number Of Shares Shorted to Price To Book for Greenlane Renewables is about 221,138 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Greenlane Renewables by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Greenlane Renewables' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Greenlane Price To Book vs. Number Of Shares Shorted
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.
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| = | 149.38 K |
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.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
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| = | 0.68 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Greenlane Price To Book Comparison
Greenlane Renewables is currently under evaluation in price to book category among its peers.
Greenlane Renewables Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Greenlane Renewables, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Greenlane Renewables will eventually generate negative long term returns. The profitability progress is the general direction of Greenlane Renewables' change in net profit over the period of time. It can combine multiple indicators of Greenlane Renewables, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Greenlane Renewables Inc. designs, develops, sells, and services a range of biogas upgrading systems worldwide. Greenlane Renewables Inc. was founded in 1986 and is headquartered in Burnaby, Canada. GREENLANE RENEWABLES operates under Pollution Treatment Controls classification in Canada and is traded on Toronto Stock Exchange. It employs 120 people.
Greenlane Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Greenlane Renewables. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Greenlane Renewables position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Greenlane Renewables' important profitability drivers and their relationship over time.
Use Greenlane Renewables in pair-trading
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 Greenlane Renewables 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 Greenlane Renewables will appreciate offsetting losses from the drop in the long position's value.Greenlane Renewables Pair Trading
Greenlane Renewables Pair Trading Analysis
The ability to find closely correlated positions to Microsoft could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Microsoft 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 Microsoft - 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 Microsoft to buy it.
The correlation of Microsoft 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 Microsoft moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Microsoft 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 Microsoft 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.Use Investing Themes to Complement your Greenlane Renewables position
In addition to having Greenlane Renewables in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Investor Favorites Thematic Idea Now
Investor Favorites
Macroaxis most traded equities with largest long positions over the last 2 years. The Investor Favorites theme has 21 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Investor Favorites Theme or any other thematic opportunities.
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Check out Risk vs Return 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 board of governors. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Other Tools for Greenlane Stock
When running Greenlane Renewables' price analysis, check to measure Greenlane Renewables' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Greenlane Renewables is operating at the current time. Most of Greenlane Renewables' value examination focuses on studying past and present price action to predict the probability of Greenlane Renewables' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Greenlane Renewables' price. Additionally, you may evaluate how the addition of Greenlane Renewables to your portfolios can decrease your overall portfolio volatility.
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