Solar Alliance Energy Stock Number Of Shares Shorted
| SOLR Stock | CAD 0.05 0.01 16.67% |
Solar Alliance Energy fundamentals help investors to digest information that contributes to Solar Alliance's financial success or failures. It also enables traders to predict the movement of Solar Stock. The fundamental analysis module provides a way to measure Solar Alliance'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 Solar Alliance stock.
Solar | Number Of Shares Shorted |
Solar Alliance Energy Company Number Of Shares Shorted Analysis
Solar Alliance's Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.
More About Number Of Shares Shorted | All Equity Analysis
Shares Shorted | = | Shorted by Public | + | by Institutions |
Current Solar Alliance Number Of Shares Shorted | 30.91 K |
Most of Solar Alliance's fundamental indicators, such as Number Of Shares Shorted, 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, Solar Alliance Energy is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Solar Number Of Shares Shorted Driver Correlations
Understanding the fundamental principles of building solid financial models for Solar Alliance is extremely important. It helps to project a fair market value of Solar Stock properly, considering its historical fundamentals such as Number Of Shares Shorted. Since Solar Alliance'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 Solar Alliance'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 Solar Alliance's interrelated accounts and indicators.
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If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.
| Competition |
Based on the recorded statements, Solar Alliance Energy has 30.91 K of outstending shares currently sold short by investors. This is 99.23% lower than that of the Semiconductors & Semiconductor Equipment sector and 99.41% lower than that of the Information Technology industry. The number of shares shorted for all Canada stocks is 99.34% higher than that of the company.
Solar Number Of Shares Shorted Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Solar Alliance's direct or indirect competition against its Number Of Shares Shorted to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Solar Alliance could also be used in its relative valuation, which is a method of valuing Solar Alliance by comparing valuation metrics of similar companies.Solar Alliance is rated below average in number of shares shorted category among its peers.
Solar Fundamentals
| Return On Equity | -6.84 | ||||
| Return On Asset | -0.14 | ||||
| Profit Margin | (0.02) % | ||||
| Operating Margin | 0.12 % | ||||
| Current Valuation | 15.35 M | ||||
| Shares Outstanding | 274.98 M | ||||
| Shares Owned By Insiders | 40.51 % | ||||
| Shares Owned By Institutions | 0.01 % | ||||
| Number Of Shares Shorted | 30.91 K | ||||
| Price To Book | 93.97 X | ||||
| Price To Sales | 2.60 X | ||||
| Revenue | 7.47 M | ||||
| Gross Profit | 663.58 K | ||||
| EBITDA | (605.72 K) | ||||
| Net Income | (1.81 M) | ||||
| Cash And Equivalents | 403.2 K | ||||
| Total Debt | 137.5 K | ||||
| Current Ratio | 0.19 X | ||||
| Book Value Per Share | (0.01) X | ||||
| Cash Flow From Operations | 97.33 K | ||||
| Short Ratio | 0.02 X | ||||
| Target Price | 1.15 | ||||
| Beta | 1.4 | ||||
| Market Capitalization | 15.12 M | ||||
| Total Asset | 1.8 M | ||||
| Retained Earnings | (68.87 M) | ||||
| Working Capital | (2.31 M) | ||||
| Net Asset | 1.8 M |
About Solar Alliance Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Solar Alliance Energy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Solar Alliance using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Solar Alliance Energy 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 Solar Alliance
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 Solar Alliance 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 Solar Alliance will appreciate offsetting losses from the drop in the long position's value.Moving against Solar Stock
| 0.49 | OSI | Osino Resources Corp | PairCorr |
| 0.47 | DFR | Diamond Fields Resources Earnings Call This Week | PairCorr |
| 0.34 | EBM | Eastwood Bio Medical | PairCorr |
| 0.33 | NG | NovaGold Resources Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Solar Alliance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Solar Alliance 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 Solar Alliance - 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 Solar Alliance Energy to buy it.
The correlation of Solar Alliance 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 Solar Alliance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Solar Alliance Energy 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 Solar Alliance 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 Solar Stock Analysis
When running Solar Alliance's price analysis, check to measure Solar Alliance'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 Solar Alliance is operating at the current time. Most of Solar Alliance's value examination focuses on studying past and present price action to predict the probability of Solar Alliance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Solar Alliance's price. Additionally, you may evaluate how the addition of Solar Alliance to your portfolios can decrease your overall portfolio volatility.