Nwtn Class B Stock Short Ratio
| NWTN Stock | 1.29 0.17 11.64% |
NWTN Class B fundamentals help investors to digest information that contributes to NWTN's financial success or failures. It also enables traders to predict the movement of NWTN Stock. The fundamental analysis module provides a way to measure NWTN'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 NWTN stock.
NWTN | Short Ratio |
NWTN Class B Company Short Ratio Analysis
NWTN'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 NWTN Short Ratio | 2.45 X |
Most of NWTN'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, NWTN Class B is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
NWTN Short Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for NWTN is extremely important. It helps to project a fair market value of NWTN Stock properly, considering its historical fundamentals such as Short Ratio. Since NWTN'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 NWTN'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 NWTN'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, NWTN Class B has a Short Ratio of 2.45 times. This is 58.05% lower than that of the Automobile Components sector and 69.79% lower than that of the Consumer Discretionary industry. The short ratio for all United States stocks is 38.75% higher than that of the company.
NWTN Short Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses NWTN'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 NWTN could also be used in its relative valuation, which is a method of valuing NWTN by comparing valuation metrics of similar companies.NWTN is currently under evaluation in short ratio category among its peers.
NWTN Current Valuation Drivers
We derive many important indicators used in calculating different scores of NWTN from analyzing NWTN's financial statements. These drivers represent accounts that assess NWTN's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of NWTN's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 2.8B | 2.9B | 2.8B | 2.6B | 3.0B | 3.0B | |
| Enterprise Value | 2.8B | 2.9B | 2.9B | 2.4B | 2.8B | 3.0B |
NWTN Institutional Holders
Institutional Holdings refers to the ownership stake in NWTN that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of NWTN'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 NWTN's value.| Shares | Citigroup Inc | 2024-09-30 | 719 | Bank Of America Corp | 2024-06-30 | 119 | Royal Bank Of Canada | 2024-06-30 | 29.0 | Goldman Sachs Group Inc | 2024-06-30 | 0.0 | Susquehanna International Group, Llp | 2024-06-30 | 0.0 | Macquarie Group Ltd | 2024-06-30 | 0.0 | Jpmorgan Chase & Co | 2024-06-30 | 0.0 | Brevan Howard Capital Management Lp | 2024-06-30 | 0.0 | Balyasny Asset Management Llc | 2024-06-30 | 0.0 | Geode Capital Management, Llc | 2024-09-30 | 206.3 K | Hrt Financial Llc | 2024-06-30 | 58.9 K |
NWTN Fundamentals
| Return On Equity | -1.29 | ||||
| Return On Asset | -0.33 | ||||
| Operating Margin | (82.85) % | ||||
| Current Valuation | 365.84 M | ||||
| Shares Outstanding | 253.47 M | ||||
| Shares Owned By Insiders | 2.77 % | ||||
| Shares Owned By Institutions | 0.14 % | ||||
| Number Of Shares Shorted | 549.23 K | ||||
| Price To Book | 1.87 X | ||||
| Price To Sales | 716.69 X | ||||
| EBITDA | (40.11 M) | ||||
| Net Income | (41.25 M) | ||||
| Total Debt | 22.78 M | ||||
| Book Value Per Share | 0.78 X | ||||
| Cash Flow From Operations | (178.37 M) | ||||
| Short Ratio | 2.45 X | ||||
| Earnings Per Share | (0.35) X | ||||
| Number Of Employees | 103 | ||||
| Beta | -0.31 | ||||
| Market Capitalization | 417.83 M | ||||
| Total Asset | 350.78 M | ||||
| Retained Earnings | (292.23 M) | ||||
| Working Capital | 177.15 M | ||||
| Net Asset | 350.78 M |
About NWTN Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze NWTN Class B's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NWTN using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NWTN Class B 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 NWTN
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 NWTN 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 NWTN will appreciate offsetting losses from the drop in the long position's value.Moving together with NWTN Stock
Moving against NWTN Stock
| 0.71 | FOXF | Fox Factory Holding | PairCorr |
| 0.62 | AEO | American Eagle Outfitters | PairCorr |
| 0.58 | DAN | Dana Inc | PairCorr |
| 0.56 | WING | Wingstop | PairCorr |
| 0.52 | ADNT | Adient PLC | PairCorr |
The ability to find closely correlated positions to NWTN could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NWTN 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 NWTN - 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 NWTN Class B to buy it.
The correlation of NWTN 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 NWTN moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NWTN Class B 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 NWTN 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.Check out NWTN Piotroski F Score and NWTN Altman Z Score analysis. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Is Automotive Parts & Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NWTN. If investors know NWTN will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NWTN listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.35) | Revenue Per Share 0.002 | Return On Assets (0.33) | Return On Equity (1.29) |
The market value of NWTN Class B is measured differently than its book value, which is the value of NWTN that is recorded on the company's balance sheet. Investors also form their own opinion of NWTN's value that differs from its market value or its book value, called intrinsic value, which is NWTN's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NWTN's market value can be influenced by many factors that don't directly affect NWTN's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NWTN's value and its price as these two are different measures arrived at by different means. Investors typically determine if NWTN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NWTN'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.