Western Resources Corp Stock Fundamentals
| WRX Stock | CAD 0.04 0.01 20.00% |
Western Resources Corp fundamentals help investors to digest information that contributes to Western Resources' financial success or failures. It also enables traders to predict the movement of Western Stock. The fundamental analysis module provides a way to measure Western Resources' 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 Western Resources stock.
Western |
Western Resources Corp Company Number Of Shares Shorted Analysis
Western Resources' Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.
More About Number Of Shares Shorted | All Equity Analysis
Shares Shorted | = | Shorted by Public | + | by Institutions |
Current Western Resources Number Of Shares Shorted | 388 |
Most of Western Resources' fundamental indicators, such as Number Of Shares Shorted, 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, Western Resources Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.
| Competition |
Based on the recorded statements, Western Resources Corp has 388 of outstending shares currently sold short by investors. This is 99.99% lower than that of the Metals & Mining sector and 99.99% lower than that of the Materials industry. The number of shares shorted for all Canada stocks is 99.99% higher than that of the company.
Western Resources Corp Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Western Resources's current stock value. Our valuation model uses many indicators to compare Western Resources value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Western Resources competition to find correlations between indicators driving Western Resources's intrinsic value. More Info.Western Resources Corp is rated second in return on equity category among its peers. It is rated second in return on asset category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value Western Resources by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Western Resources' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Western Number Of Shares Shorted Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Western Resources' direct or indirect competition against its Number Of Shares Shorted to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Western Resources could also be used in its relative valuation, which is a method of valuing Western Resources by comparing valuation metrics of similar companies.Western Resources is currently under evaluation in number of shares shorted category among its peers.
Western Fundamentals
| Return On Equity | -0.0124 | ||||
| Return On Asset | -0.0036 | ||||
| Current Valuation | 123.77 M | ||||
| Shares Outstanding | 408.14 M | ||||
| Shares Owned By Insiders | 64.60 % | ||||
| Number Of Shares Shorted | 388 | ||||
| Price To Earning | 11.30 X | ||||
| Price To Book | 0.08 X | ||||
| EBITDA | 2.69 M | ||||
| Net Income | 2.77 M | ||||
| Cash And Equivalents | 2.2 M | ||||
| Cash Per Share | 0.06 X | ||||
| Total Debt | 78.03 M | ||||
| Debt To Equity | 6.20 % | ||||
| Current Ratio | 12.03 X | ||||
| Book Value Per Share | 0.59 X | ||||
| Cash Flow From Operations | (759.4 K) | ||||
| Target Price | 0.23 | ||||
| Number Of Employees | 42 | ||||
| Beta | 1.09 | ||||
| Market Capitalization | 18.37 M | ||||
| Total Asset | 351.1 M | ||||
| Retained Earnings | (96.83 M) | ||||
| Working Capital | (100.19 K) | ||||
| Net Asset | 351.1 M |
About Western Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Western Resources Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Western Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Western Resources Corp 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.Western Resources Corp., through its subsidiary, Western Potash Corp., engages in the acquisition, exploration, and development of potash mineral properties in Western Canada. Western Resources Corp. was incorporated in 2017 and is headquartered in Vancouver, Canada. WESTERN RESOURCES operates under Industrial Metals Minerals classification in Canada and is traded on Toronto Stock Exchange. It employs 9 people.
Pair Trading with Western Resources
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 Western Resources 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 Western Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Western Stock
| 0.66 | RY-PM | Royal Bank | PairCorr |
| 0.64 | GOOG | Alphabet CDR | PairCorr |
| 0.62 | RY-PJ | Royal Bank | PairCorr |
| 0.55 | SOU | Southern Energy Corp | PairCorr |
| 0.51 | FDR | Flinders Resources | PairCorr |
The ability to find closely correlated positions to Western Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Western Resources 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 Western Resources - 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 Western Resources Corp to buy it.
The correlation of Western Resources 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 Western Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Western Resources Corp 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 Western Resources 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 Western Stock
Western Resources financial ratios help investors to determine whether Western 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 Western with respect to the benefits of owning Western Resources security.