ESE Entertainment Number Of Shares Shorted vs. Cash And Equivalents

ESE Stock  CAD 0.06  0.01  7.69%   
Based on ESE Entertainment's profitability indicators, ESE Entertainment may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess ESE Entertainment's ability to earn profits and add value for shareholders. At this time, ESE Entertainment's Days Sales Outstanding is fairly stable compared to the past year. Days Of Sales Outstanding is likely to climb to 77.83 in 2024, whereas Price To Sales Ratio is likely to drop 0.42 in 2024. At this time, ESE Entertainment's Accumulated Other Comprehensive Income is fairly stable compared to the past year. Total Other Income Expense Net is likely to climb to about 188.1 K in 2024, whereas Income Before Tax is likely to drop (8.1 M) in 2024.
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.01010.0107
Notably Down
Slightly volatile
For ESE Entertainment profitability analysis, we use financial ratios and fundamental drivers that measure the ability of ESE Entertainment to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well ESE Entertainment utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between ESE Entertainment's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of ESE Entertainment over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between ESE Entertainment's value and its price as these two are different measures arrived at by different means. Investors typically determine if ESE Entertainment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ESE Entertainment'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.

ESE Entertainment Cash And Equivalents vs. Number Of Shares Shorted Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining ESE Entertainment's current stock value. Our valuation model uses many indicators to compare ESE Entertainment value to that of its competitors to determine the firm's financial worth.
ESE Entertainment is one of the top stocks in number of shares shorted category among its peers. It also is one of the top stocks in cash and equivalents category among its peers creating about  183.79  of Cash And Equivalents per Number Of Shares Shorted. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the ESE Entertainment's earnings, one of the primary drivers of an investment's value.

ESE Cash And Equivalents vs. Number Of Shares Shorted

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.

ESE Entertainment

Shares Shorted

 = 

Shorted by Public

+

by Institutions

 = 
4.45 K
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.
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.

ESE Entertainment

Cash

 = 

Bank Deposits

+

Liquidities

 = 
817.51 K
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).

ESE Cash And Equivalents Comparison

ESE Entertainment is currently under evaluation in cash and equivalents category among its peers.

ESE Entertainment Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in ESE Entertainment, profitability is also one of the essential criteria for including it into their portfolios because, without profit, ESE Entertainment will eventually generate negative long term returns. The profitability progress is the general direction of ESE Entertainment's change in net profit over the period of time. It can combine multiple indicators of ESE Entertainment, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income2.6 M2.7 M
Operating Income-7.9 M-8.2 M
Income Before Tax-7.7 M-8.1 M
Total Other Income Expense Net179.1 K188.1 K
Net Loss-7.1 M-7.5 M
Net Loss-26.5 M-25.1 M
Income Tax Expense-39.9 K-37.9 K
Net Interest Income-797.6 K-757.7 K
Net Loss-7.5 M-7.9 M
Interest Income16.3 K14.5 K
Change To Netincome31.3 M32.8 M
Net Loss(0.10)(0.11)
Income Quality 0.17  0.31 
Net Income Per E B T 0.86  1.16 

ESE Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on ESE Entertainment. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of ESE Entertainment position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the ESE Entertainment's important profitability drivers and their relationship over time.

Use ESE Entertainment in pair-trading

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 ESE Entertainment 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 ESE Entertainment will appreciate offsetting losses from the drop in the long position's value.

ESE Entertainment Pair Trading

ESE Entertainment Pair Trading Analysis

The ability to find closely correlated positions to ESE Entertainment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ESE Entertainment 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 ESE Entertainment - 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 ESE Entertainment to buy it.
The correlation of ESE Entertainment 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 ESE Entertainment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ESE Entertainment 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 ESE Entertainment 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your ESE Entertainment position

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Warren Buffett Holdings
Warren Buffett Holdings Theme
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Additional Tools for ESE Stock Analysis

When running ESE Entertainment's price analysis, check to measure ESE Entertainment'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 ESE Entertainment is operating at the current time. Most of ESE Entertainment's value examination focuses on studying past and present price action to predict the probability of ESE Entertainment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ESE Entertainment's price. Additionally, you may evaluate how the addition of ESE Entertainment to your portfolios can decrease your overall portfolio volatility.