Digital Power Communications Stock Short Ratio
| 026890 Stock | 8,280 210.00 2.60% |
Digital Power Communications fundamentals help investors to digest information that contributes to Digital Power's financial success or failures. It also enables traders to predict the movement of Digital Stock. The fundamental analysis module provides a way to measure Digital Power'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 Digital Power stock.
Digital |
Digital Power Communications Company Short Ratio Analysis
Digital Power's Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.
The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.
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Based on the latest financial disclosure, Digital Power Communications has a Short Ratio of 0.0 times. This indicator is about the same for the Other average (which is currently at 0.0) sector and about the same as Other (which currently averages 0.0) industry. This indicator is about the same for all Republic of Korea stocks average (which is currently at 0.0).
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About Digital Power Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Digital Power Communications's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Digital Power using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Digital Power Communications 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 Digital Power
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 Digital Power 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 Digital Power will appreciate offsetting losses from the drop in the long position's value.Moving together with Digital Stock
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| 0.64 | 302430 | Innometry | PairCorr |
Moving against Digital Stock
The ability to find closely correlated positions to Digital Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Digital Power 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 Digital Power - 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 Digital Power Communications to buy it.
The correlation of Digital Power 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 Digital Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Digital Power Commun 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 Digital Power 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.Other Information on Investing in Digital Stock
Digital Power financial ratios help investors to determine whether Digital Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Digital with respect to the benefits of owning Digital Power security.