Profire Ene Number Of Shares Shorted vs. Cash And Equivalents

Based on the measurements of profitability obtained from Profire Ene's financial statements, Profire Ene may not be well positioned to generate adequate gross income at the moment. It has a very high risk of underperforming in March. Profitability indicators assess Profire Ene's ability to earn profits and add value for shareholders.
For Profire Ene profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Profire Ene to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Profire Ene utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Profire Ene's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Profire Ene over time as well as its relative position and ranking within its peers.
  
Check out Your Equity Center 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 gross domestic product.
Please note, there is a significant difference between Profire Ene's value and its price as these two are different measures arrived at by different means. Investors typically determine if Profire Ene is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Profire Ene's 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.

Profire Ene Cash And Equivalents vs. Number Of Shares Shorted Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Profire Ene's current stock value. Our valuation model uses many indicators to compare Profire Ene value to that of its competitors to determine the firm's financial worth.
JavaScript chart by amCharts 3.21.15NOVDNOWMRCNINEDRQNRPFIE 0200M400M600M800M1B1.2B 05M10M15M20M
Profire Ene is rated below average in number of shares shorted category among its peers. It is rated below average in cash and equivalents category among its peers creating about  96.21  of Cash And Equivalents per Number Of Shares Shorted. Comparative valuation analysis is a catch-all technique that is used if you cannot value Profire Ene 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.

Profire Cash And Equivalents 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.

Profire Ene

Shares Shorted

 = 

Shorted by Public

+

by Institutions

 = 
81.91 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.
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.

Profire Ene

Cash

 = 

Bank Deposits

+

Liquidities

 = 
7.88 M
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).

Profire Cash And Equivalents Comparison

1.1B255.0M232.0M
Profire Ene is currently under evaluation in cash and equivalents category among its peers.

Profire Ene Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Profire Ene, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Profire Ene will eventually generate negative long term returns. The profitability progress is the general direction of Profire Ene's change in net profit over the period of time. It can combine multiple indicators of Profire Ene, 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.
Profire Energy, Inc., a technology company, provides burner, and combustion management systems and solutions for natural and forced draft applications in the United States and Canada. The company was founded in 2002 and is based in Lindon, Utah. Profire Energy operates under Oil Gas Equipment Services classification in the United States and is traded on NASDAQ Exchange. It employs 90 people.

Profire Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Profire Ene. 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 Profire Ene 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 Profire Ene's important profitability drivers and their relationship over time.

Use Profire Ene 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 Profire Ene 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 Profire Ene will appreciate offsetting losses from the drop in the long position's value.

Profire Ene Pair Trading

Profire Ene Pair Trading Analysis

The ability to find closely correlated positions to Equifax could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Equifax 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 Equifax - 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 Equifax to buy it.
The correlation of Equifax 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 Equifax moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Equifax 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 Equifax 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Profire Ene position

In addition to having Profire Ene 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 Agriculture Thematic Idea Now

Agriculture
Agriculture Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Agriculture theme has 30 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 Agriculture Theme or any other thematic opportunities.
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Check out Your Equity Center 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 gross domestic product.
You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

Other Consideration for investing in Profire Stock

If you are still planning to invest in Profire Ene 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 Profire Ene's history and understand the potential risks before investing.
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