Gryphon Digital Mining Stock Short Ratio
| GRYP Stock | 0.69 0.03 4.55% |
Gryphon Digital Mining fundamentals help investors to digest information that contributes to Gryphon Digital's financial success or failures. It also enables traders to predict the movement of Gryphon Stock. The fundamental analysis module provides a way to measure Gryphon Digital'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 Gryphon Digital stock.
Gryphon | Short Ratio |
Gryphon Digital Mining Company Short Ratio Analysis
Gryphon Digital'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.
Current Gryphon Digital Short Ratio | 0.56 X |
Most of Gryphon Digital'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, Gryphon Digital Mining is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Gryphon Short Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Gryphon Digital is extremely important. It helps to project a fair market value of Gryphon Stock properly, considering its historical fundamentals such as Short Ratio. Since Gryphon Digital'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 Gryphon Digital'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 Gryphon Digital's interrelated accounts and indicators.
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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.
| Competition |
Based on the latest financial disclosure, Gryphon Digital Mining has a Short Ratio of 0.56 times. This is 89.31% lower than that of the Software sector and significantly higher than that of the Information Technology industry. The short ratio for all United States stocks is 86.0% higher than that of the company.
Gryphon Short Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Gryphon Digital'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 Gryphon Digital could also be used in its relative valuation, which is a method of valuing Gryphon Digital by comparing valuation metrics of similar companies.Gryphon Digital is currently under evaluation in short ratio category among its peers.
Gryphon Digital Institutional Holders
Institutional Holdings refers to the ownership stake in Gryphon Digital that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Gryphon Digital'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 Gryphon Digital's value.| Shares | Jane Street Group, Llc | 2024-06-30 | 0.0 |
Gryphon Fundamentals
| Return On Equity | -17.74 | ||||
| Return On Asset | -0.4 | ||||
| Profit Margin | (1.42) % | ||||
| Operating Margin | (1.06) % | ||||
| Current Valuation | 53.91 M | ||||
| Shares Outstanding | 51.1 M | ||||
| Shares Owned By Insiders | 63.76 % | ||||
| Shares Owned By Institutions | 6.36 % | ||||
| Number Of Shares Shorted | 256.68 K | ||||
| Price To Book | 1.80 X | ||||
| Price To Sales | 1.43 X | ||||
| Revenue | 6.84 M | ||||
| Gross Profit | 8.23 M | ||||
| EBITDA | (7.45 M) | ||||
| Net Income | (28.6 M) | ||||
| Total Debt | 14.87 M | ||||
| Book Value Per Share | (0.04) X | ||||
| Cash Flow From Operations | 3.01 M | ||||
| Short Ratio | 0.56 X | ||||
| Earnings Per Share | (0.31) X | ||||
| Target Price | 16.0 | ||||
| Beta | 2.79 | ||||
| Market Capitalization | 35.12 M | ||||
| Total Asset | 18.83 M | ||||
| Retained Earnings | (179.14 M) | ||||
| Working Capital | (7.83 M) | ||||
| Net Asset | 18.83 M |
About Gryphon Digital Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Gryphon Digital Mining's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Gryphon Digital using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Gryphon Digital Mining 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 Gryphon Digital
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 Gryphon Digital 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 Gryphon Digital will appreciate offsetting losses from the drop in the long position's value.Moving together with Gryphon Stock
Moving against Gryphon Stock
| 0.42 | WKEY | Wisekey International Tech Boost | PairCorr |
| 0.38 | XTIA | XTI Aerospace, Symbol Change | PairCorr |
| 0.31 | DM | Desktop Metal Downward Rally | PairCorr |
The ability to find closely correlated positions to Gryphon Digital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gryphon Digital 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 Gryphon Digital - 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 Gryphon Digital Mining to buy it.
The correlation of Gryphon Digital 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 Gryphon Digital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gryphon Digital Mining 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 Gryphon Digital 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 Gryphon Stock Analysis
When running Gryphon Digital's price analysis, check to measure Gryphon Digital'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 Gryphon Digital is operating at the current time. Most of Gryphon Digital's value examination focuses on studying past and present price action to predict the probability of Gryphon Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gryphon Digital's price. Additionally, you may evaluate how the addition of Gryphon Digital to your portfolios can decrease your overall portfolio volatility.