Stenocare As Stock Short Ratio
| STENO Stock | DKK 1.56 0.06 4.00% |
Stenocare AS fundamentals help investors to digest information that contributes to Stenocare's financial success or failures. It also enables traders to predict the movement of Stenocare Stock. The fundamental analysis module provides a way to measure Stenocare'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 Stenocare stock.
Stenocare |
Stenocare AS Company Short Ratio Analysis
Stenocare'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, Stenocare AS has a Short Ratio of 0.0 times. This is 100.0% lower than that of the Healthcare sector and about the same as Drug Manufacturers—Specialty & Generic (which currently averages 0.0) industry. The short ratio for all Denmark stocks is 100.0% higher than that of the company.
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Stenocare Fundamentals
| Return On Equity | -0.49 | |||
| Return On Asset | -0.28 | |||
| Operating Margin | (11.44) % | |||
| Current Valuation | 119.1 M | |||
| Shares Outstanding | 11.42 M | |||
| Shares Owned By Insiders | 38.59 % | |||
| Price To Book | 4.21 X | |||
| Price To Sales | 67.34 X | |||
| Gross Profit | (6.01 M) | |||
| EBITDA | (12.96 M) | |||
| Net Income | (12.73 M) | |||
| Cash And Equivalents | 20.42 M | |||
| Cash Per Share | 1.79 X | |||
| Current Ratio | 6.49 X | |||
| Book Value Per Share | 2.40 X | |||
| Cash Flow From Operations | (13.34 M) | |||
| Earnings Per Share | (1.17) X | |||
| Beta | 0.11 | |||
| Market Capitalization | 106.1 M | |||
| Total Asset | 43.94 M | |||
| Net Asset | 43.94 M |
About Stenocare Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Stenocare AS's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Stenocare using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Stenocare AS 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 Stenocare
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 Stenocare 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 Stenocare will appreciate offsetting losses from the drop in the long position's value.Moving against Stenocare Stock
The ability to find closely correlated positions to Stenocare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Stenocare 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 Stenocare - 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 Stenocare AS to buy it.
The correlation of Stenocare 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 Stenocare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Stenocare AS 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 Stenocare 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 Stenocare Stock
Stenocare financial ratios help investors to determine whether Stenocare 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 Stenocare with respect to the benefits of owning Stenocare security.