Century Aluminum Stock Short Ratio

CENX Stock  USD 15.39  0.61  4.13%   
Century Aluminum fundamentals help investors to digest information that contributes to Century Aluminum's financial success or failures. It also enables traders to predict the movement of Century Stock. The fundamental analysis module provides a way to measure Century Aluminum'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 Century Aluminum stock.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Century Short Ratio Analysis

Century Aluminum's 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.
 2021 2022 2023 2024 (projected)
Short and Long Term Debt Total474.1M548.6M503.4M380.1M
Total Assets1.6B1.5B1.8B1.6B

Short Ratio

 = 

Short Interest

Average Trading Volume

More About Short Ratio | All Equity Analysis

Current Century Aluminum Short Ratio

    
  5.47 X  
Most of Century Aluminum's 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, Century Aluminum is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Century Short Ratio Driver Correlations

Understanding the fundamental principles of building solid financial models for Century Aluminum is extremely important. It helps to project a fair market value of Century Stock properly, considering its historical fundamentals such as Short Ratio. Since Century Aluminum's 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 Century Aluminum's 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 Century Aluminum's interrelated accounts and indicators.
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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.
Competition

Century Short Term Coverage Ratios

Short Term Coverage Ratios

3.16

At this time, Century Aluminum's Short Term Coverage Ratios is fairly stable compared to the past year.
Based on the latest financial disclosure, Century Aluminum has a Short Ratio of 5.47 times. This is 36.75% higher than that of the Metals & Mining sector and 219.88% higher than that of the Materials industry. The short ratio for all United States stocks is 36.75% lower than that of the firm.

Century Short Ratio Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Century Aluminum's 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 Century Aluminum could also be used in its relative valuation, which is a method of valuing Century Aluminum by comparing valuation metrics of similar companies.
Century Aluminum is currently under evaluation in short ratio category among related companies.

Century Aluminum Institutional Holders

Institutional Holdings refers to the ownership stake in Century Aluminum that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Century Aluminum's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Century Aluminum's value.
Shares
Balyasny Asset Management Llc2023-12-31
M
Slate Path Capital Lp2023-12-31
878 K
Arnhold & S. Bleichroeder Advisers, Llc2023-12-31
867.5 K
Charles Schwab Investment Management Inc2023-12-31
850.2 K
Steamboat Capital Partners, Llc2023-12-31
747.9 K
Marshall Wace Asset Management Ltd2023-12-31
746 K
Two Sigma Investments Llc2023-12-31
713.3 K
Millennium Management Llc2023-12-31
708.3 K
Goldman Sachs Group Inc2023-12-31
670.2 K
Blackrock Inc2023-12-31
10.5 M
Vanguard Group Inc2023-12-31
5.8 M

Century Fundamentals

About Century Aluminum Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Century Aluminum's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Century Aluminum using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Century Aluminum 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.
Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum products in the United States and Iceland. The company was incorporated in 1981 and is headquartered in Chicago, Illinois. Century Aluminum operates under Aluminum classification in the United States and is traded on NASDAQ Exchange. It employs 2512 people.

Pair Trading with Century Aluminum

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 Century Aluminum 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 Century Aluminum will appreciate offsetting losses from the drop in the long position's value.

Moving together with Century Stock

  0.8AA Alcoa Corp Fiscal Quarter End 31st of March 2024 PairCorr
  0.66AG First Majestic Silver Buyout TrendPairCorr

Moving against Century Stock

  0.54X United States Steel Financial Report 25th of April 2024 PairCorr
  0.43NC NACCO IndustriesPairCorr
The ability to find closely correlated positions to Century Aluminum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Century Aluminum 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 Century Aluminum - 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 Century Aluminum to buy it.
The correlation of Century Aluminum 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 Century Aluminum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Century Aluminum 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 Century Aluminum 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
When determining whether Century Aluminum offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Century Aluminum's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Century Aluminum Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Century Aluminum Stock:
Check out Century Aluminum Piotroski F Score and Century Aluminum Altman Z Score analysis.
For more information on how to buy Century Stock please use our How to Invest in Century Aluminum guide.
You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.

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Is Century Aluminum's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Century Aluminum. If investors know Century will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Century Aluminum listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.80)
Earnings Share
(0.47)
Revenue Per Share
23.652
Quarterly Revenue Growth
(0.03)
Return On Assets
0.012
The market value of Century Aluminum is measured differently than its book value, which is the value of Century that is recorded on the company's balance sheet. Investors also form their own opinion of Century Aluminum's value that differs from its market value or its book value, called intrinsic value, which is Century Aluminum's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Century Aluminum's market value can be influenced by many factors that don't directly affect Century Aluminum's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Century Aluminum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Century Aluminum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Century Aluminum'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.