China Oilfield Services Stock Short Ratio
CHOLF Stock | USD 1.00 0.03 2.91% |
China Oilfield Services fundamentals help investors to digest information that contributes to China Oilfield's financial success or failures. It also enables traders to predict the movement of China Pink Sheet. The fundamental analysis module provides a way to measure China Oilfield'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 China Oilfield pink sheet.
China |
China Short Ratio Analysis
China Oilfield'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, China Oilfield Services has a Short Ratio of 0.0 times. This is 100.0% lower than that of the Energy sector and 100.0% lower than that of the Oil & Gas Equipment & Services industry. The short ratio for all United States stocks is 100.0% higher than that of the company.
China Short Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses China Oilfield's direct or indirect competition against its Short Ratio to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of China Oilfield could also be used in its relative valuation, which is a method of valuing China Oilfield by comparing valuation metrics of similar companies.China Oilfield is currently under evaluation in short ratio category among related companies.
China Fundamentals
Return On Equity | 0.0246 | |||
Return On Asset | 0.0266 | |||
Profit Margin | 0.03 % | |||
Operating Margin | 0.1 % | |||
Current Valuation | 11.82 B | |||
Shares Outstanding | 1.81 B | |||
Shares Owned By Institutions | 50.34 % | |||
Price To Earning | 21.07 X | |||
Price To Book | 1.01 X | |||
Price To Sales | 0.28 X | |||
Revenue | 29.2 B | |||
Gross Profit | 4.79 B | |||
EBITDA | 5.91 B | |||
Net Income | 313.18 M | |||
Cash And Equivalents | 5.57 B | |||
Cash Per Share | 1.17 X | |||
Total Debt | 12.16 B | |||
Debt To Equity | 0.60 % | |||
Current Ratio | 1.18 X | |||
Book Value Per Share | 8.19 X | |||
Cash Flow From Operations | 7.42 B | |||
Earnings Per Share | 0.03 X | |||
Number Of Employees | 14.85 K | |||
Beta | 1.3 | |||
Market Capitalization | 9.07 B | |||
Total Asset | 73.31 B | |||
Retained Earnings | 20.32 B | |||
Working Capital | 3.03 B | |||
Current Asset | 23.07 B | |||
Current Liabilities | 20.04 B | |||
Annual Yield | 0 % | |||
Five Year Return | 1.66 % | |||
Net Asset | 73.31 B | |||
Last Dividend Paid | 0.02 |
About China Oilfield Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze China Oilfield Services's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of China Oilfield using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of China Oilfield Services 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.China Oilfield Services Limited, together with its subsidiaries, provides integrated offshore oilfield services in Mainland China and internationally. China Oilfield Services Limited is a subsidiary of China National Offshore Oil Corporation. China Oilfield operates under Oil Gas Equipment Services classification in the United States and is traded on OTC Exchange. It employs 14850 people.
Pair Trading with China Oilfield
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 China Oilfield 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 China Oilfield will appreciate offsetting losses from the drop in the long position's value.Moving against China Pink Sheet
0.7 | FI | Fiserv Inc Symbol Change | PairCorr |
0.5 | PIFMF | PT Indofood Sukses | PairCorr |
0.42 | KR | Kroger Company Financial Report 20th of June 2024 | PairCorr |
The ability to find closely correlated positions to China Oilfield could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace China Oilfield 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 China Oilfield - 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 China Oilfield Services to buy it.
The correlation of China Oilfield 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 China Oilfield moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Oilfield Services 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 China Oilfield 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 China Oilfield Piotroski F Score and China Oilfield Altman Z Score analysis. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary Tools for China Pink Sheet analysis
When running China Oilfield's price analysis, check to measure China Oilfield'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 China Oilfield is operating at the current time. Most of China Oilfield's value examination focuses on studying past and present price action to predict the probability of China Oilfield's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Oilfield's price. Additionally, you may evaluate how the addition of China Oilfield to your portfolios can decrease your overall portfolio volatility.
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