Carpenter Technology Stock Short Ratio
| CRS Stock | USD 78.04 1.34 1.69% |
Carpenter Technology fundamentals help investors to digest information that contributes to Carpenter Technology's financial success or failures. It also enables traders to predict the movement of Carpenter Stock. The fundamental analysis module provides a way to measure Carpenter Technology'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 Carpenter Technology stock.
Carpenter | Short Ratio |
Carpenter Technology Company Short Ratio Analysis
Carpenter Technology'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.
Current Carpenter Technology Short Ratio | 2.78 X |
Most of Carpenter Technology'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, Carpenter Technology is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Carpenter Short Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Carpenter Technology is extremely important. It helps to project a fair market value of Carpenter Stock properly, considering its historical fundamentals such as Short Ratio. Since Carpenter Technology'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 Carpenter Technology'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 Carpenter Technology'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.
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Carpenter Price To Sales Ratio
Price To Sales Ratio |
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Based on the latest financial disclosure, Carpenter Technology has a Short Ratio of 2.78 times. This is 46.95% lower than that of the Metals & Mining sector and 45.17% lower than that of the Materials industry. The short ratio for all United States stocks is 30.5% higher than that of the company.
Carpenter Short Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Carpenter Technology'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 Carpenter Technology could also be used in its relative valuation, which is a method of valuing Carpenter Technology by comparing valuation metrics of similar companies.Carpenter Technology is currently under evaluation in short ratio category among related companies.
Carpenter Technology Institutional Holders
Institutional Holdings refers to the ownership stake in Carpenter Technology that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Carpenter Technology'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 Carpenter Technology's value.| Shares | Northern Trust Corp | 2023-12-31 | 697.3 K | Emerald Advisers, Llc | 2023-12-31 | 674.6 K | Charles Schwab Investment Management Inc | 2023-12-31 | 634.5 K | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 582.9 K | Emerald Mutual Fund Advisers Trust | 2023-12-31 | 565 K | Thrivent Financial For Lutherans | 2023-12-31 | 481.2 K | Driehaus Capital Management Llc | 2023-12-31 | 478.3 K | Granite Investment Partners, Llc | 2023-12-31 | 470 K | Balyasny Asset Management Llc | 2023-12-31 | 465.6 K | Blackrock Inc | 2023-12-31 | 7.9 M | Vanguard Group Inc | 2023-12-31 | 5.7 M |
Carpenter Fundamentals
| Return On Equity | 0.1 | ||||
| Return On Asset | 0.0461 | ||||
| Profit Margin | 0.05 % | ||||
| Operating Margin | 0.11 % | ||||
| Current Valuation | 4.62 B | ||||
| Shares Outstanding | 49.41 M | ||||
| Shares Owned By Insiders | 2.39 % | ||||
| Shares Owned By Institutions | 94.00 % | ||||
| Number Of Shares Shorted | 1.08 M | ||||
| Price To Earning | 854.00 X | ||||
| Price To Book | 2.60 X | ||||
| Price To Sales | 1.41 X | ||||
| Revenue | 2.55 B | ||||
| Gross Profit | 143.8 M | ||||
| EBITDA | 257.6 M | ||||
| Net Income | 56.4 M | ||||
| Cash And Equivalents | 44.5 M | ||||
| Cash Per Share | 1.09 X | ||||
| Total Debt | 693 M | ||||
| Debt To Equity | 0.57 % | ||||
| Current Ratio | 2.80 X | ||||
| Book Value Per Share | 29.83 X | ||||
| Cash Flow From Operations | 14.7 M | ||||
| Short Ratio | 2.78 X | ||||
| Earnings Per Share | 2.89 X | ||||
| Price To Earnings To Growth | 1.59 X | ||||
| Target Price | 91.0 | ||||
| Number Of Employees | 4.5 K | ||||
| Beta | 1.55 | ||||
| Market Capitalization | 3.92 B | ||||
| Total Asset | 3.05 B | ||||
| Retained Earnings | 1.23 B | ||||
| Working Capital | 822.5 M | ||||
| Current Asset | 1.01 B | ||||
| Current Liabilities | 298.8 M | ||||
| Annual Yield | 0.01 % | ||||
| Five Year Return | 2.21 % | ||||
| Net Asset | 3.05 B | ||||
| Last Dividend Paid | 0.8 |
About Carpenter Technology Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Carpenter Technology's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Carpenter Technology using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Carpenter Technology 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.
Carpenter Technology Investors Sentiment
The influence of Carpenter Technology's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Carpenter. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Carpenter Technology's public news can be used to forecast risks associated with an investment in Carpenter. The trend in average sentiment can be used to explain how an investor holding Carpenter can time the market purely based on public headlines and social activities around Carpenter Technology. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Carpenter Technology's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Carpenter Technology's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Carpenter Technology's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Carpenter Technology.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Carpenter Technology in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Carpenter Technology's short interest history, or implied volatility extrapolated from Carpenter Technology options trading.
Pair Trading with Carpenter Technology
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 Carpenter Technology 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 Carpenter Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Carpenter Stock
| 0.82 | TG | Tredegar | PairCorr |
| 0.82 | ESAB | ESAB Corp Financial Report 7th of May 2024 | PairCorr |
| 0.74 | ATI | Allegheny Technologies Financial Report 2nd of May 2024 | PairCorr |
Moving against Carpenter Stock
| 0.85 | AZ | A2Z Smart Technologies | PairCorr |
| 0.81 | BA | Boeing Earnings Call This Week | PairCorr |
| 0.78 | SGBX | SG Blocks | PairCorr |
| 0.75 | PRLB | Proto Labs Financial Report 3rd of May 2024 | PairCorr |
| 0.71 | AP | Ampco Pittsburgh | PairCorr |
The ability to find closely correlated positions to Carpenter Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carpenter Technology 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 Carpenter Technology - 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 Carpenter Technology to buy it.
The correlation of Carpenter Technology 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 Carpenter Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Carpenter Technology 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 Carpenter Technology 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 Carpenter Technology Piotroski F Score and Carpenter Technology Altman Z Score analysis. For more information on how to buy Carpenter Stock please use our How to Invest in Carpenter Technology guide.You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for Carpenter Stock analysis
When running Carpenter Technology's price analysis, check to measure Carpenter Technology's 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 Carpenter Technology is operating at the current time. Most of Carpenter Technology's value examination focuses on studying past and present price action to predict the probability of Carpenter Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carpenter Technology's price. Additionally, you may evaluate how the addition of Carpenter Technology to your portfolios can decrease your overall portfolio volatility.
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Is Carpenter Technology'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 Carpenter Technology. If investors know Carpenter 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 Carpenter Technology 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 5.8 | Dividend Share 0.8 | Earnings Share 2.89 | Revenue Per Share 55.43 | Quarterly Revenue Growth 0.078 |
The market value of Carpenter Technology is measured differently than its book value, which is the value of Carpenter that is recorded on the company's balance sheet. Investors also form their own opinion of Carpenter Technology's value that differs from its market value or its book value, called intrinsic value, which is Carpenter Technology'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 Carpenter Technology's market value can be influenced by many factors that don't directly affect Carpenter Technology'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 Carpenter Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Carpenter Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carpenter Technology'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.