Techprecision Common Stock Short Ratio
| TPCS Stock | USD 3.61 0.01 0.28% |
TechPrecision Common fundamentals help investors to digest information that contributes to TechPrecision Common's financial success or failures. It also enables traders to predict the movement of TechPrecision Stock. The fundamental analysis module provides a way to measure TechPrecision Common'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 TechPrecision Common stock.
TechPrecision | Short Ratio |
TechPrecision Common Company Short Ratio Analysis
TechPrecision Common'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 TechPrecision Common Short Ratio | 0.51 X |
Most of TechPrecision Common'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, TechPrecision Common is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
TechPrecision Short Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for TechPrecision Common is extremely important. It helps to project a fair market value of TechPrecision Stock properly, considering its historical fundamentals such as Short Ratio. Since TechPrecision Common'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 TechPrecision Common'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 TechPrecision Common's interrelated accounts and indicators.
Click cells to compare fundamentals
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 |
TechPrecision Price To Sales Ratio
Price To Sales Ratio |
|
Based on the latest financial disclosure, TechPrecision Common has a Short Ratio of 0.51 times. This is 90.27% lower than that of the Machinery sector and 89.94% lower than that of the Industrials industry. The short ratio for all United States stocks is 87.25% higher than that of the company.
TechPrecision Short Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses TechPrecision Common'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 TechPrecision Common could also be used in its relative valuation, which is a method of valuing TechPrecision Common by comparing valuation metrics of similar companies.TechPrecision Common is currently under evaluation in short ratio category among its peers.
TechPrecision Common ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, TechPrecision Common's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to TechPrecision Common's managers, analysts, and investors.Environmental | Governance | Social |
TechPrecision Fundamentals
| Return On Equity | -0.21 | |||
| Return On Asset | -0.0479 | |||
| Profit Margin | (0.1) % | |||
| Operating Margin | (0.13) % | |||
| Current Valuation | 43.94 M | |||
| Shares Outstanding | 9.1 M | |||
| Shares Owned By Insiders | 11.42 % | |||
| Shares Owned By Institutions | 15.75 % | |||
| Number Of Shares Shorted | 7.33 K | |||
| Price To Earning | 580.00 X | |||
| Price To Book | 3.73 X | |||
| Price To Sales | 1.57 X | |||
| Revenue | 31.43 M | |||
| Gross Profit | 3.38 M | |||
| EBITDA | 1.15 M | |||
| Net Income | (979.01 K) | |||
| Cash And Equivalents | 573.64 K | |||
| Cash Per Share | 0.02 X | |||
| Total Debt | 11.82 M | |||
| Debt To Equity | 0.83 % | |||
| Current Ratio | 1.21 X | |||
| Book Value Per Share | 1.47 X | |||
| Cash Flow From Operations | 3.14 M | |||
| Short Ratio | 0.51 X | |||
| Earnings Per Share | (0.34) X | |||
| Target Price | 3.0 | |||
| Number Of Employees | 155 | |||
| Beta | 0.32 | |||
| Market Capitalization | 32.75 M | |||
| Total Asset | 36.21 M | |||
| Retained Earnings | (356.44 K) | |||
| Working Capital | 5.56 M | |||
| Current Asset | 6.41 M | |||
| Current Liabilities | 5.9 M | |||
| Net Asset | 36.21 M |
About TechPrecision Common Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze TechPrecision Common's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of TechPrecision Common using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of TechPrecision Common 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 TechPrecision Common
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 TechPrecision Common 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 TechPrecision Common will appreciate offsetting losses from the drop in the long position's value.Moving against TechPrecision Stock
| 0.6 | NWPX | Northwest Pipe | PairCorr |
| 0.5 | B | Barnes Group | PairCorr |
| 0.49 | BA | Boeing Financial Report 24th of July 2024 | PairCorr |
| 0.49 | BE | Bloom Energy Corp | PairCorr |
| 0.45 | GIFI | Gulf Island Fabrication | PairCorr |
The ability to find closely correlated positions to TechPrecision Common could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TechPrecision Common 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 TechPrecision Common - 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 TechPrecision Common to buy it.
The correlation of TechPrecision Common 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 TechPrecision Common moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TechPrecision Common 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 TechPrecision Common 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.Additional Tools for TechPrecision Stock Analysis
When running TechPrecision Common's price analysis, check to measure TechPrecision Common'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 TechPrecision Common is operating at the current time. Most of TechPrecision Common's value examination focuses on studying past and present price action to predict the probability of TechPrecision Common's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TechPrecision Common's price. Additionally, you may evaluate how the addition of TechPrecision Common to your portfolios can decrease your overall portfolio volatility.