Gear Energy Number Of Shares Shorted vs. Price To Book
| GXE Stock | CAD 0.50 0.01 1.96% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.4 | 0.5842 |
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For Gear Energy profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Gear Energy to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Gear Energy utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Gear Energy's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Gear Energy over time as well as its relative position and ranking within its peers.
Gear |
Gear Energy Price To Book vs. Number Of Shares Shorted Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Gear Energy's current stock value. Our valuation model uses many indicators to compare Gear Energy value to that of its competitors to determine the firm's financial worth. Gear Energy is rated below average in number of shares shorted category among its peers. It also is rated below average in price to book category among its peers . The ratio of Number Of Shares Shorted to Price To Book for Gear Energy is about 3,986,372 . As of the 11th of December 2024, Price To Book Ratio is likely to grow to 1.03. Comparative valuation analysis is a catch-all model that can be used if you cannot value Gear Energy by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Gear Energy'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.Gear Price To Book 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.
Gear Energy |
| = | 2.12 M |
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.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Gear Energy |
| = | 0.53 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Gear Price To Book Comparison
Gear Energy is currently under evaluation in price to book category among its peers.
Gear Energy Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Gear Energy, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Gear Energy will eventually generate negative long term returns. The profitability progress is the general direction of Gear Energy's change in net profit over the period of time. It can combine multiple indicators of Gear Energy, 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 Reported | Projected for Next Year | ||
| Operating Income | 23.3 M | 12 M | |
| Income Before Tax | 20.1 M | 21.1 M | |
| Total Other Income Expense Net | -3.3 M | -3.4 M | |
| Net Income | 8.6 M | 9 M | |
| Income Tax Expense | 11.5 M | 12.1 M | |
| Net Income From Continuing Ops | 8.6 M | 9 M | |
| Net Income Applicable To Common Shares | 86.2 M | 90.5 M | |
| Net Interest Income | -4.5 M | -4.7 M | |
| Change To Netincome | -15.4 M | -14.6 M | |
| Net Income Per Share | 0.03 | 0.03 | |
| Income Quality | 7.41 | 7.78 | |
| Net Income Per E B T | 0.43 | 0.41 |
Gear Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Gear Energy. 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 Gear Energy 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 Gear Energy's important profitability drivers and their relationship over time.
Use Gear Energy 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 Gear Energy 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 Gear Energy will appreciate offsetting losses from the drop in the long position's value.Gear Energy Pair Trading
Gear Energy Pair Trading Analysis
The ability to find closely correlated positions to Gear Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gear Energy 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 Gear Energy - 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 Gear Energy to buy it.
The correlation of Gear Energy 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 Gear Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gear 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 Gear Energy 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.Use Investing Themes to Complement your Gear Energy position
In addition to having Gear Energy 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.Did You Try This Idea?
Run Oil And Gas Thematic Idea Now
Oil And Gas
Companies involved in drilling, production, and distribution of oil and gas pipelines. The Oil And Gas theme has 37 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 Oil And Gas Theme or any other thematic opportunities.
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Other Information on Investing in Gear Stock
To fully project Gear Energy's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Gear Energy 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 Gear Energy's income statement, its balance sheet, and the statement of cash flows.