Canadian Solar Stock Short Ratio

CSIQ Stock

USD 10.46 0.22 2.15%

Canadian Solar fundamentals help investors to digest information that contributes to Canadian Solar's financial success or failures. It also enables traders to predict the movement of Canadian Stock. The fundamental analysis module provides a way to measure Canadian Solar'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 Canadian Solar stock.

Total Stockholder Equity Total Assets

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Canadian Solar Company Short Ratio Analysis

Canadian Solar'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.

Short Ratio

Short Interest

Average Trading Volume

More About Short Ratio | All Equity Analysis

Current Canadian Solar Short Ratio

3.80 X

Most of Canadian Solar's fundamental indicators, such as Short Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Canadian Solar is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Canadian Short Ratio Driver Correlations

Understanding the fundamental principles of building solid financial models for Canadian Solar is extremely important. It helps to project a fair market value of Canadian Stock properly, considering its historical fundamentals such as Short Ratio. Since Canadian Solar's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Canadian Solar's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Canadian Solar's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Net Receivables	Total Liab	Total Current Assets	Retained Earnings	Accounts Payable	Short Term Investments	Common Stock	Property Plant Equipment	Current Deferred Revenue	Long Term Debt	Short Term Debt	Intangible Assets	Net Tangible Assets	Long Term Investments	Short Long Term Debt	Long Term Debt Total	Deferred Long Term Liab	Capital Surpluse	Net Invested Capital	Net Working Capital	Capital Stock	Treasury Stock
Total Assets		0.99	0.92	0.97	1.0	0.98	0.96	0.64	-0.46	0.66	0.95	0.93	0.98	0.95	0.03	0.83	0.48	0.73	0.7	-0.44	0.82	0.8	0.57	0.84	0.69
Total Stockholder Equity	0.99		0.9	0.97	0.97	0.97	0.98	0.56	-0.5	0.66	0.95	0.92	0.96	0.95	0.06	0.87	0.39	0.72	0.69	-0.52	0.88	0.77	0.65	0.84	0.66
Net Debt	0.92	0.9		0.92	0.94	0.95	0.9	0.62	-0.54	0.76	0.89	0.79	0.86	0.98	0.32	0.86	0.55	0.83	0.78	-0.38	0.86	0.66	0.63	0.76	0.5
Net Receivables	0.97	0.97	0.92		0.96	0.95	0.94	0.62	-0.39	0.69	0.97	0.93	0.95	0.93	0.07	0.84	0.35	0.68	0.67	-0.45	0.8	0.8	0.59	0.88	0.64
Total Liab	1.0	0.97	0.94	0.96		0.99	0.94	0.69	-0.46	0.69	0.94	0.91	0.97	0.96	0.08	0.82	0.54	0.74	0.73	-0.4	0.81	0.78	0.55	0.82	0.66
Total Current Assets	0.98	0.97	0.95	0.95	0.99		0.94	0.66	-0.51	0.74	0.92	0.89	0.93	0.98	0.13	0.86	0.52	0.79	0.72	-0.44	0.85	0.75	0.62	0.81	0.61
Retained Earnings	0.96	0.98	0.9	0.94	0.94	0.94		0.46	-0.6	0.58	0.94	0.91	0.93	0.93	0.08	0.9	0.36	0.76	0.7	-0.55	0.91	0.76	0.7	0.83	0.62
Accounts Payable	0.64	0.56	0.62	0.62	0.69	0.66	0.46		0.13	0.7	0.62	0.56	0.65	0.59	0.26	0.4	0.63	0.27	0.6	0.03	0.29	0.43	0.06	0.42	0.4
Short Term Investments	-0.46	-0.5	-0.54	-0.39	-0.46	-0.51	-0.6	0.13		-0.14	-0.34	-0.37	-0.38	-0.57	-0.1	-0.58	-0.42	-0.8	-0.37	0.43	-0.71	-0.31	-0.49	-0.36	-0.21
Common Stock	0.66	0.66	0.76	0.69	0.69	0.74	0.58	0.7	-0.14		0.65	0.54	0.57	0.77	0.5	0.69	0.42	0.53	0.64	-0.22	0.62	0.39	0.49	0.44	0.17
Property Plant Equipment	0.95	0.95	0.89	0.97	0.94	0.92	0.94	0.62	-0.34	0.65		0.92	0.95	0.91	0.15	0.83	0.33	0.64	0.75	-0.43	0.79	0.79	0.61	0.84	0.62
Current Deferred Revenue	0.93	0.92	0.79	0.93	0.91	0.89	0.91	0.56	-0.37	0.54	0.92		0.93	0.84	-0.14	0.75	0.24	0.59	0.56	-0.44	0.73	0.8	0.54	0.8	0.6
Long Term Debt	0.98	0.96	0.86	0.95	0.97	0.93	0.93	0.65	-0.38	0.57	0.95	0.93		0.88	-0.04	0.77	0.47	0.63	0.71	-0.34	0.73	0.82	0.48	0.84	0.72
Short Term Debt	0.95	0.95	0.98	0.93	0.96	0.98	0.93	0.59	-0.57	0.77	0.91	0.84	0.88		0.27	0.89	0.5	0.84	0.75	-0.47	0.9	0.69	0.69	0.77	0.53
Intangible Assets	0.03	0.06	0.32	0.07	0.08	0.13	0.08	0.26	-0.1	0.5	0.15	-0.14	-0.04	0.27		0.27	0.29	0.2	0.57	0.04	0.29	-0.25	0.33	-0.17	-0.31
Net Tangible Assets	0.83	0.87	0.86	0.84	0.82	0.86	0.9	0.4	-0.58	0.69	0.83	0.75	0.77	0.89	0.27		0.35	0.83	0.74	-0.54	0.9	0.77	0.74	0.79	0.46
Long Term Investments	0.48	0.39	0.55	0.35	0.54	0.52	0.36	0.63	-0.42	0.42	0.33	0.24	0.47	0.5	0.29	0.35		0.54	0.6	0.15	0.3	0.28	-0.07	0.25	0.28
Short Long Term Debt	0.73	0.72	0.83	0.68	0.74	0.79	0.76	0.27	-0.8	0.53	0.64	0.59	0.63	0.84	0.2	0.83	0.54		0.59	-0.51	0.83	0.64	0.61	0.67	0.38
Long Term Debt Total	0.7	0.69	0.78	0.67	0.73	0.72	0.7	0.6	-0.37	0.64	0.75	0.56	0.71	0.75	0.57	0.74	0.6	0.59		-0.03	0.66	0.51	0.53	0.52	0.35
Deferred Long Term Liab	-0.44	-0.52	-0.38	-0.45	-0.4	-0.44	-0.55	0.03	0.43	-0.22	-0.43	-0.44	-0.34	-0.47	0.04	-0.54	0.15	-0.51	-0.03		-0.68	-0.36	-0.54	-0.44	-0.28
Capital Surpluse	0.82	0.88	0.86	0.8	0.81	0.85	0.91	0.29	-0.71	0.62	0.79	0.73	0.73	0.9	0.29	0.9	0.3	0.83	0.66	-0.68		0.55	0.79	0.65	0.41
Net Invested Capital	0.8	0.77	0.66	0.8	0.78	0.75	0.76	0.43	-0.31	0.39	0.79	0.8	0.82	0.69	-0.25	0.77	0.28	0.64	0.51	-0.36	0.55		0.42	0.93	0.69
Net Working Capital	0.57	0.65	0.63	0.59	0.55	0.62	0.7	0.06	-0.49	0.49	0.61	0.54	0.48	0.69	0.33	0.74	-0.07	0.61	0.53	-0.54	0.79	0.42		0.53	0.19
Capital Stock	0.84	0.84	0.76	0.88	0.82	0.81	0.83	0.42	-0.36	0.44	0.84	0.8	0.84	0.77	-0.17	0.79	0.25	0.67	0.52	-0.44	0.65	0.93	0.53		0.76
Treasury Stock	0.69	0.66	0.5	0.64	0.66	0.61	0.62	0.4	-0.21	0.17	0.62	0.6	0.72	0.53	-0.31	0.46	0.28	0.38	0.35	-0.28	0.41	0.69	0.19	0.76

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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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Canadian Price To Sales Ratio

Price To Sales Ratio

0.26

At this time, Canadian Solar's Price To Sales Ratio is relatively stable compared to the past year.

Based on the latest financial disclosure, Canadian Solar has a Short Ratio of 3.8 times. This is 21.65% lower than that of the Semiconductors & Semiconductor Equipment sector and 12.24% lower than that of the Information Technology industry. The short ratio for all United States stocks is 5.0% higher than that of the company.

Canadian Short Ratio Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Canadian Solar's direct or indirect competition against its Short Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Canadian Solar could also be used in its relative valuation, which is a method of valuing Canadian Solar by comparing valuation metrics of similar companies.

Canadian Solar is currently under evaluation in short ratio category among its peers.

Canadian Solar Current Valuation Drivers

We derive many important indicators used in calculating different scores of Canadian Solar from analyzing Canadian Solar's financial statements. These drivers represent accounts that assess Canadian Solar's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Canadian Solar's important valuation drivers and their relationship over time.

	2020	2021	2022	2023	2024	2025 (projected)
Market Cap	3.1B	1.9B	2.0B	1.7B	1.5B	790.0M
Enterprise Value	4.7B	4.3B	5.0B	4.3B	3.8B	4.0B

Canadian Solar ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Canadian Solar's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Canadian Solar's managers, analysts, and investors.

Environmental

Governance

Social

Canadian Solar Institutional Holders

Institutional Holdings refers to the ownership stake in Canadian Solar that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Canadian Solar's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Canadian Solar's value.

		Shares
Jane Street Group Llc	2024-09-30	811.1 K
Mirae Asset Global Etfs Holdings Ltd.	2024-09-30	759.5 K
Guinness Asset Management Limited	2024-12-31	731.8 K
Bank Of America Corp	2024-09-30	635 K
Susquehanna International Group, Llp	2024-09-30	498.1 K
Simplex Trading, Llc	2024-09-30	489.9 K
State Street Corp	2024-09-30	486.8 K
Morgan Stanley - Brokerage Accounts	2024-09-30	464.6 K
Hpm Partners Llc	2024-09-30	428.7 K
Blackrock Inc	2024-09-30	5.2 M
Mackenzie Investments	2024-09-30	5.2 M

Canadian Fundamentals

	Return On Equity	0.0337
	Return On Asset	0.0106
	Profit Margin	0.01 %
	Operating Margin	0.03 %
	Current Valuation	4.48 B
	Shares Outstanding	66.17 M
	Shares Owned By Insiders	28.53 %
	Shares Owned By Institutions	54.79 %
	Number Of Shares Shorted	10.49 M
	Price To Earning	14.22 X
	Price To Book	0.24 X
	Price To Sales	0.10 X
	Revenue	7.61 B
	Gross Profit	1.07 B
	EBITDA	829.66 M
	Net Income	274.19 M
	Cash And Equivalents	1.05 B
	Cash Per Share	16.40 X
	Total Debt	4.48 B
	Debt To Equity	1.21 %
	Current Ratio	1.20 X
	Book Value Per Share	38.68 X
	Cash Flow From Operations	684.62 M
	Short Ratio	3.80 X
	Earnings Per Share	(0.14) X
	Price To Earnings To Growth	0.16 X
	Target Price	15.52
	Number Of Employees	22.23 K
	Beta	1.34
	Market Capitalization	677.63 M
	Total Asset	11.9 B
	Retained Earnings	1.55 B
	Working Capital	231.06 M
	Current Asset	2.26 B
	Current Liabilities	2.66 B
	Net Asset	11.9 B

About Canadian Solar Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Canadian Solar's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Canadian Solar using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Canadian Solar 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 Canadian Solar

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 Canadian Solar 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 Canadian Solar will appreciate offsetting losses from the drop in the long position's value.

Moving together with Canadian Stock

0.7

VECO

Veeco Instruments

Pair Corr

Moving against Canadian Stock

0.65	CSCO	Cisco Systems	Pair Corr
0.44	NVMI	Nova	Pair Corr
0.42	TER	Teradyne Downward Rally	Pair Corr
0.39	MSFT	Microsoft Downward Rally	Pair Corr

The ability to find closely correlated positions to Canadian Solar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canadian Solar 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 Canadian Solar - 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 Canadian Solar to buy it.

The correlation of Canadian Solar 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 Canadian Solar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Solar 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 Canadian Solar 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 Correlation Correlation Matching

Additional Tools for Canadian Stock Analysis

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

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