The Connecticut Light Stock Short Ratio
| CNTHP Stock | USD 53.00 0.54 1.03% |
The Connecticut Light fundamentals help investors to digest information that contributes to Connecticut Light's financial success or failures. It also enables traders to predict the movement of Connecticut Pink Sheet. The fundamental analysis module provides a way to measure Connecticut Light'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 Connecticut Light pink sheet.
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The Connecticut Light Company Short Ratio Analysis
Connecticut Light'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, The Connecticut Light has a Short Ratio of 0.0 times. This is 100.0% lower than that of the Utilities sector and about the same as Utilities—Regulated Electric (which currently averages 0.0) industry. The short ratio for all United States stocks is 100.0% higher than that of the company.
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Connecticut Fundamentals
| Return On Equity | 0.0977 | |||
| Return On Asset | 0.0369 | |||
| Profit Margin | 0.12 % | |||
| Operating Margin | 0.18 % | |||
| Current Valuation | 4.61 B | |||
| Shares Outstanding | 6.04 M | |||
| Price To Earning | 0.71 X | |||
| Price To Sales | 0.07 X | |||
| Revenue | 9.86 B | |||
| Gross Profit | 1.5 B | |||
| EBITDA | 2.64 B | |||
| Net Income | 1.23 B | |||
| Cash And Equivalents | 9.2 M | |||
| Cash Per Share | 1.52 X | |||
| Total Debt | 4.28 B | |||
| Debt To Equity | 0.74 % | |||
| Current Ratio | 0.80 X | |||
| Book Value Per Share | 944.13 X | |||
| Cash Flow From Operations | 973.75 M | |||
| Earnings Per Share | 74.69 X | |||
| Number Of Employees | 1.38 K | |||
| Beta | 0.17 | |||
| Market Capitalization | 322.28 M | |||
| Total Asset | 48 | |||
| Annual Yield | 0.06 % | |||
| Five Year Return | 5.68 % | |||
| Net Asset | 48 |
About Connecticut Light Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze The Connecticut Light's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Connecticut Light using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of The Connecticut Light 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 Connecticut Light
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 Connecticut Light 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 Connecticut Light will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Connecticut Light could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Connecticut Light 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 Connecticut Light - 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 The Connecticut Light to buy it.
The correlation of Connecticut Light 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 Connecticut Light moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Connecticut Light 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 Connecticut Light 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.Additional Tools for Connecticut Pink Sheet Analysis
When running Connecticut Light's price analysis, check to measure Connecticut Light'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 Connecticut Light is operating at the current time. Most of Connecticut Light's value examination focuses on studying past and present price action to predict the probability of Connecticut Light's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Connecticut Light's price. Additionally, you may evaluate how the addition of Connecticut Light to your portfolios can decrease your overall portfolio volatility.