Gitennes Exploration Stock Short Ratio
| GIT Stock | CAD 0.01 0.01 50.00% |
Gitennes Exploration fundamentals help investors to digest information that contributes to Gitennes Exploration's financial success or failures. It also enables traders to predict the movement of Gitennes Stock. The fundamental analysis module provides a way to measure Gitennes Exploration'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 Gitennes Exploration stock.
Gitennes | Short Ratio |
Gitennes Exploration Company Short Ratio Analysis
Gitennes Exploration'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.
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 |
Based on the latest financial disclosure, Gitennes Exploration has a Short Ratio of 0.0 times. This is 100.0% lower than that of the Metals & Mining sector and 100.0% lower than that of the Materials industry. The short ratio for all Canada stocks is 100.0% higher than that of the company.
Gitennes Short Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Gitennes Exploration'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 Gitennes Exploration could also be used in its relative valuation, which is a method of valuing Gitennes Exploration by comparing valuation metrics of similar companies.Gitennes Exploration is currently under evaluation in short ratio category among related companies.
Gitennes Fundamentals
| Return On Equity | -3.07 | ||||
| Return On Asset | -1.38 | ||||
| Current Valuation | 594.78 K | ||||
| Shares Outstanding | 68.55 M | ||||
| Shares Owned By Insiders | 1.79 % | ||||
| Shares Owned By Institutions | 0.78 % | ||||
| Number Of Shares Shorted | 57 | ||||
| Price To Earning | (9.09) X | ||||
| Price To Book | 67.20 X | ||||
| EBITDA | (566.34 K) | ||||
| Net Income | (435.95 K) | ||||
| Cash And Equivalents | 6.8 K | ||||
| Total Debt | 42.5 K | ||||
| Debt To Equity | 27.80 % | ||||
| Current Ratio | 0.05 X | ||||
| Book Value Per Share | (0) X | ||||
| Cash Flow From Operations | (72.05 K) | ||||
| Earnings Per Share | (0.01) X | ||||
| Beta | 0.41 | ||||
| Market Capitalization | 685.47 K | ||||
| Total Asset | 271.51 K | ||||
| Retained Earnings | (39.95 M) | ||||
| Working Capital | (334.96 K) | ||||
| Net Asset | 271.51 K |
About Gitennes Exploration Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Gitennes Exploration's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Gitennes Exploration using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Gitennes Exploration 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.
Pair Trading with Gitennes Exploration
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 Gitennes Exploration 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 Gitennes Exploration will appreciate offsetting losses from the drop in the long position's value.Moving together with Gitennes Stock
| 0.64 | CSOC-A | Canso Select Opportu | PairCorr |
Moving against Gitennes Stock
| 0.62 | IE | Ivanhoe Energy | PairCorr |
| 0.62 | CEF | Sprott Physical Gold | PairCorr |
| 0.56 | FDY | Faraday Copper Corp | PairCorr |
| 0.52 | SLF-PG | Sun Life Non | PairCorr |
The ability to find closely correlated positions to Gitennes Exploration could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gitennes Exploration 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 Gitennes Exploration - 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 Gitennes Exploration to buy it.
The correlation of Gitennes Exploration 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 Gitennes Exploration moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gitennes Exploration 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 Gitennes Exploration 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gitennes Exploration. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Complementary Tools for Gitennes Stock analysis
When running Gitennes Exploration's price analysis, check to measure Gitennes Exploration'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 Gitennes Exploration is operating at the current time. Most of Gitennes Exploration's value examination focuses on studying past and present price action to predict the probability of Gitennes Exploration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gitennes Exploration's price. Additionally, you may evaluate how the addition of Gitennes Exploration to your portfolios can decrease your overall portfolio volatility.
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