Essa Bancorp Stock Short Ratio
| ESSA Stock | USD 16.32 0.32 2.00% |
ESSA Bancorp fundamentals help investors to digest information that contributes to ESSA Bancorp's financial success or failures. It also enables traders to predict the movement of ESSA Stock. The fundamental analysis module provides a way to measure ESSA Bancorp'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 ESSA Bancorp stock.
ESSA | Short Ratio |
ESSA Bancorp Company Short Ratio Analysis
ESSA Bancorp'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 ESSA Bancorp Short Ratio | 1.72 X |
Most of ESSA Bancorp'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, ESSA Bancorp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
ESSA Short Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for ESSA Bancorp is extremely important. It helps to project a fair market value of ESSA Stock properly, considering its historical fundamentals such as Short Ratio. Since ESSA Bancorp'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 ESSA Bancorp'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 ESSA Bancorp'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 |
ESSA Price To Sales Ratio
Price To Sales Ratio |
|
Based on the latest financial disclosure, ESSA Bancorp has a Short Ratio of 1.72 times. This is 73.25% lower than that of the Thrifts & Mortgage Finance sector and significantly higher than that of the Financials industry. The short ratio for all United States stocks is 57.0% higher than that of the company.
ESSA Short Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ESSA Bancorp'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 ESSA Bancorp could also be used in its relative valuation, which is a method of valuing ESSA Bancorp by comparing valuation metrics of similar companies.ESSA Bancorp is currently under evaluation in short ratio category among related companies.
ESSA Bancorp Current Valuation Drivers
We derive many important indicators used in calculating different scores of ESSA Bancorp from analyzing ESSA Bancorp's financial statements. These drivers represent accounts that assess ESSA Bancorp's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of ESSA Bancorp's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Enterprise Value | 97.5M | 11.4M | 392.1M | 435.2M | 171.3M | 162.7M |
ESSA Bancorp Institutional Holders
Institutional Holdings refers to the ownership stake in ESSA Bancorp that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of ESSA Bancorp'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 ESSA Bancorp's value.| Shares | Northern Trust Corp | 2023-12-31 | 71.9 K | Pinnacle Holdings, Llc | 2023-12-31 | 60 K | Philadelphia Trust Co | 2023-12-31 | 51.9 K | Empowered Funds, Llc | 2023-12-31 | 38.8 K | Bank Of New York Mellon Corp | 2023-12-31 | 32.3 K | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 32.1 K | Fourthstone Llc | 2023-09-30 | 31.1 K | Envestnet Asset Management Inc | 2023-12-31 | 30 K | Mercer Global Advisors Inc. | 2023-12-31 | 30 K | Fj Capital Management Llc | 2023-09-30 | 1 M | Dimensional Fund Advisors, Inc. | 2023-12-31 | 486.1 K |
ESSA Fundamentals
| Return On Equity | 0.0826 | ||||
| Return On Asset | 0.0087 | ||||
| Profit Margin | 0.26 % | ||||
| Operating Margin | 0.34 % | ||||
| Current Valuation | 482.27 M | ||||
| Shares Outstanding | 10.13 M | ||||
| Shares Owned By Insiders | 15.96 % | ||||
| Shares Owned By Institutions | 44.50 % | ||||
| Number Of Shares Shorted | 23.1 K | ||||
| Price To Earning | 13.54 X | ||||
| Price To Book | 0.74 X | ||||
| Price To Sales | 2.38 X | ||||
| Revenue | 69.3 M | ||||
| Gross Profit | 68.28 M | ||||
| EBITDA | 23.26 M | ||||
| Net Income | 18.58 M | ||||
| Cash And Equivalents | 101.61 M | ||||
| Cash Per Share | 10.38 X | ||||
| Total Debt | 374.65 M | ||||
| Debt To Equity | 9.05 % | ||||
| Book Value Per Share | 22.91 X | ||||
| Cash Flow From Operations | 20.86 M | ||||
| Short Ratio | 1.72 X | ||||
| Earnings Per Share | 1.86 X | ||||
| Target Price | 20.0 | ||||
| Number Of Employees | 232 | ||||
| Beta | 0.33 | ||||
| Market Capitalization | 162.1 M | ||||
| Total Asset | 2.29 B | ||||
| Retained Earnings | 151.86 M | ||||
| Annual Yield | 0.04 % | ||||
| Five Year Return | 2.59 % | ||||
| Net Asset | 2.29 B | ||||
| Last Dividend Paid | 0.6 |
About ESSA Bancorp Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ESSA Bancorp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ESSA Bancorp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ESSA Bancorp 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 ESSA Bancorp
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 ESSA Bancorp 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 ESSA Bancorp will appreciate offsetting losses from the drop in the long position's value.Moving together with ESSA Stock
| 0.79 | AX | Axos Financial Earnings Call This Week | PairCorr |
| 0.85 | BY | Byline Bancorp Earnings Call This Week | PairCorr |
Moving against ESSA Stock
| 0.68 | TECTP | Tectonic Financial | PairCorr |
| 0.64 | NU | Nu Holdings Financial Report 20th of May 2024 | PairCorr |
| 0.63 | CFG-PD | Citizens Financial | PairCorr |
| 0.55 | DB | Deutsche Bank AG Earnings Call This Week | PairCorr |
| 0.54 | KB | KB Financial Group Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to ESSA Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ESSA Bancorp 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 ESSA Bancorp - 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 ESSA Bancorp to buy it.
The correlation of ESSA Bancorp 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 ESSA Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ESSA Bancorp 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 ESSA Bancorp 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 ESSA Bancorp Piotroski F Score and ESSA Bancorp Altman Z Score analysis. For information on how to trade ESSA Stock refer to our How to Trade ESSA Stock guide.You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for ESSA Stock analysis
When running ESSA Bancorp's price analysis, check to measure ESSA Bancorp'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 ESSA Bancorp is operating at the current time. Most of ESSA Bancorp's value examination focuses on studying past and present price action to predict the probability of ESSA Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ESSA Bancorp's price. Additionally, you may evaluate how the addition of ESSA Bancorp to your portfolios can decrease your overall portfolio volatility.
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing |
Is ESSA Bancorp'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 ESSA Bancorp. If investors know ESSA 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 ESSA Bancorp 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 (0.10) | Dividend Share 0.6 | Earnings Share 1.86 | Revenue Per Share 7.061 | Quarterly Revenue Growth (0.01) |
The market value of ESSA Bancorp is measured differently than its book value, which is the value of ESSA that is recorded on the company's balance sheet. Investors also form their own opinion of ESSA Bancorp's value that differs from its market value or its book value, called intrinsic value, which is ESSA Bancorp'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 ESSA Bancorp's market value can be influenced by many factors that don't directly affect ESSA Bancorp'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 ESSA Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if ESSA Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ESSA Bancorp'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.