Goodfellow Shares Outstanding vs. Number Of Shares Shorted

GDL Stock  CAD 13.49  0.29  2.20%   
Based on the key profitability measurements obtained from Goodfellow's financial statements, Goodfellow is performing exceptionally good at this time. It has a great probability to showcase excellent profitability results in January. Profitability indicators assess Goodfellow's ability to earn profits and add value for shareholders. At this time, Goodfellow's Days Sales Outstanding is very stable compared to the past year. As of the 22nd of December 2024, EV To Sales is likely to grow to 0.24, while Price To Sales Ratio is likely to drop 0.12. At this time, Goodfellow's Net Income Per Share is very stable compared to the past year. As of the 22nd of December 2024, Income Quality is likely to grow to 1.55, while Total Other Income Expense Net is likely to drop (2.3 M).
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.20.186
Notably Up
Slightly volatile
For Goodfellow profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Goodfellow to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Goodfellow utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Goodfellow's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Goodfellow over time as well as its relative position and ranking within its peers.
  
Check out Risk vs Return Analysis.
Please note, there is a significant difference between Goodfellow's value and its price as these two are different measures arrived at by different means. Investors typically determine if Goodfellow is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Goodfellow'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.

Goodfellow Number Of Shares Shorted vs. Shares Outstanding Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Goodfellow's current stock value. Our valuation model uses many indicators to compare Goodfellow value to that of its competitors to determine the firm's financial worth.
Goodfellow is rated # 5 in shares outstanding category among its peers. It is one of the top stocks in number of shares shorted category among its peers . The ratio of Shares Outstanding to Number Of Shares Shorted for Goodfellow is about  9,122 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Goodfellow by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Goodfellow's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.

Goodfellow Number Of Shares Shorted vs. Shares Outstanding

Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.

Goodfellow

Shares Outstanding

 = 

Public Shares

-

Repurchased

 = 
8.47 M
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
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.

Goodfellow

Shares Shorted

 = 

Shorted by Public

+

by Institutions

 = 
928
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.

Goodfellow Number Of Shares Shorted Comparison

Goodfellow is currently under evaluation in number of shares shorted category among its peers.

Goodfellow Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Goodfellow, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Goodfellow will eventually generate negative long term returns. The profitability progress is the general direction of Goodfellow's change in net profit over the period of time. It can combine multiple indicators of Goodfellow, 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
Operating Income11.5 M16.3 M
Income Before Tax9.3 M13.8 M
Total Other Income Expense Net-2.2 M-2.3 M
Net Income6.6 M9.7 M
Income Tax Expense2.7 M4.3 M
Net Income From Continuing Ops6.6 M11.2 M
Net Income Applicable To Common Shares7.6 M10.7 M
Interest Income215.1 K204.3 K
Net Interest Income-2.8 M-2.9 M
Change To Netincome-639.9 K-671.9 K
Net Income Per Share 0.62  0.85 
Income Quality 1.48  1.55 
Net Income Per E B T 0.72  0.57 

Goodfellow Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Goodfellow. 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 Goodfellow 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 Goodfellow's important profitability drivers and their relationship over time.

Use Goodfellow 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 Goodfellow 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 Goodfellow will appreciate offsetting losses from the drop in the long position's value.

Goodfellow Pair Trading

Goodfellow Pair Trading Analysis

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

In addition to having Goodfellow in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Transportation
Transportation Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Transportation theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Transportation Theme or any other thematic opportunities.
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Other Information on Investing in Goodfellow Stock

To fully project Goodfellow's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Goodfellow at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Goodfellow's income statement, its balance sheet, and the statement of cash flows.
Potential Goodfellow investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Goodfellow investors may work on each financial statement separately, they are all related. The changes in Goodfellow's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Goodfellow's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.