Carerx Stock Short Ratio
| CHHHFDelisted Stock | USD 1.70 0.00 0.00% |
CareRx fundamentals help investors to digest information that contributes to CareRx's financial success or failures. It also enables traders to predict the movement of CareRx Pink Sheet. The fundamental analysis module provides a way to measure CareRx'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 CareRx pink sheet.
CareRx |
CareRx Company Short Ratio Analysis
CareRx'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.
CompetitionBased on the latest financial disclosure, CareRx has a Short Ratio of 0.0 times. This is 100.0% lower than that of the Food & Staples Retailing sector and about the same as Consumer Staples (which currently averages 0.0) industry. The short ratio for all United States stocks is 100.0% higher than that of the company.
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CareRx Fundamentals
| Return On Equity | -0.49 | |||
| Return On Asset | 0.0204 | |||
| Profit Margin | (0.09) % | |||
| Operating Margin | 0.02 % | |||
| Current Valuation | 170.84 M | |||
| Shares Outstanding | 51.96 M | |||
| Shares Owned By Insiders | 30.25 % | |||
| Shares Owned By Institutions | 32.82 % | |||
| Price To Earning | 13.57 X | |||
| Price To Book | 1.78 X | |||
| Price To Sales | 0.22 X | |||
| Revenue | 262.63 M | |||
| Gross Profit | 75.28 M | |||
| EBITDA | 6.15 M | |||
| Net Income | (22.73 M) | |||
| Cash And Equivalents | 15.2 M | |||
| Cash Per Share | 0.32 X | |||
| Total Debt | 106.11 M | |||
| Debt To Equity | 2.35 % | |||
| Current Ratio | 1.69 X | |||
| Book Value Per Share | 1.24 X | |||
| Cash Flow From Operations | 7.27 M | |||
| Earnings Per Share | (0.38) X | |||
| Number Of Employees | 1.38 K | |||
| Beta | 0.79 | |||
| Market Capitalization | 101.85 M | |||
| Total Asset | 282.82 M | |||
| Net Asset | 282.82 M |
About CareRx Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze CareRx's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CareRx using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CareRx 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.
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 CareRx 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, CareRx's short interest history, or implied volatility extrapolated from CareRx options trading.
Pair Trading with CareRx
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 CareRx 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 CareRx will appreciate offsetting losses from the drop in the long position's value.Moving against CareRx Pink Sheet
| 0.79 | TLK | Telkom Indonesia Tbk Financial Report 26th of April 2024 | PairCorr |
| 0.74 | MCD | McDonalds Earnings Call This Week | PairCorr |
| 0.64 | JNJ | Johnson Johnson Aggressive Push | PairCorr |
| 0.54 | TLKMF | Telkom Indonesia Tbk | PairCorr |
The ability to find closely correlated positions to CareRx could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CareRx 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 CareRx - 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 CareRx to buy it.
The correlation of CareRx 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 CareRx moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CareRx 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 CareRx 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 Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the CareRx information on this page should be used as a complementary analysis to other CareRx's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Other Consideration for investing in CareRx Pink Sheet
If you are still planning to invest in CareRx check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the CareRx's history and understand the potential risks before investing.
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