Nexoptic Technology Number Of Shares Shorted vs. Current Ratio

NXO Stock  CAD 0.02  0.01  20.00%   
Based on the key profitability measurements obtained from Nexoptic Technology's financial statements, Nexoptic Technology Corp 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 Nexoptic Technology's ability to earn profits and add value for shareholders. At this time, Nexoptic Technology's ROIC is fairly stable compared to the past year. Income Quality is likely to climb to 0.50 in 2024, despite the fact that Book Value Per Share is likely to grow to (0.01).
For Nexoptic Technology profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Nexoptic Technology to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Nexoptic Technology Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Nexoptic Technology's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Nexoptic Technology Corp over time as well as its relative position and ranking within its peers.
  
Check out Correlation Analysis.
Please note, there is a significant difference between Nexoptic Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nexoptic Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nexoptic Technology'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.

Nexoptic Technology Corp Current Ratio vs. Number Of Shares Shorted Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Nexoptic Technology's current stock value. Our valuation model uses many indicators to compare Nexoptic Technology value to that of its competitors to determine the firm's financial worth.
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Nexoptic Technology Corp is considered to be number one stock in number of shares shorted category among its peers. It also is considered to be number one stock in current ratio category among its peers fabricating about  0.01  of Current Ratio per Number Of Shares Shorted. The ratio of Number Of Shares Shorted to Current Ratio for Nexoptic Technology Corp is roughly  123.89 . At this time, Nexoptic Technology's Current Ratio is fairly stable compared to the past year. 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 Nexoptic Technology's earnings, one of the primary drivers of an investment's value.

Nexoptic Current Ratio 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.

Nexoptic Technology

Shares Shorted

 = 

Shorted by Public

+

by Institutions

 = 
389
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.
Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.

Nexoptic Technology

Current Ratio

 = 

Current Asset

Current Liabilities

 = 
3.14 X
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).

Nexoptic Current Ratio Comparison

3.140.194.973.14100%
Nexoptic Technology is currently under evaluation in current ratio category among its peers.

Nexoptic Technology Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Nexoptic Technology, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Nexoptic Technology will eventually generate negative long term returns. The profitability progress is the general direction of Nexoptic Technology's change in net profit over the period of time. It can combine multiple indicators of Nexoptic Technology, 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 Income6.3 M5.7 M
Operating Income-2 M-2 M
Income Before Tax-1.7 M-1.8 M
Total Other Income Expense Net218.9 K229.9 K
Net Loss-1.7 M-1.8 M
Income Tax Expense-38 K-36.1 K
Net Loss-1.7 M-1.8 M
Net Loss-3 M-3.1 M
Net Interest Income-20 K-19 K
Interest Income 3.60  3.42 
Change To NetincomeM952.9 K
Net Loss(0.01)(0.01)
Income Quality 0.43  0.50 
Net Income Per E B T 0.88  0.72 

Nexoptic Profitability Driver Comparison

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

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

Nexoptic Technology Pair Trading

Nexoptic Technology Corp Pair Trading Analysis

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

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Non-Metallic and Industrial Metal Mining
Non-Metallic and Industrial Metal Mining Theme
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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 Non-Metallic and Industrial Metal Mining Theme or any other thematic opportunities.
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Additional Tools for Nexoptic Stock Analysis

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

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