KORE Group Cash And Equivalents vs. Number Of Shares Shorted
| KORE Stock | USD 1.30 0.05 3.70% |
For KORE Group profitability analysis, we use financial ratios and fundamental drivers that measure the ability of KORE Group to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well KORE Group Holdings utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between KORE Group's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of KORE Group Holdings over time as well as its relative position and ranking within its peers.
KORE |
Is Diversified Telecommunication Services 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 KORE Group. If investors know KORE 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 KORE Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of KORE Group Holdings is measured differently than its book value, which is the value of KORE that is recorded on the company's balance sheet. Investors also form their own opinion of KORE Group's value that differs from its market value or its book value, called intrinsic value, which is KORE Group'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 KORE Group's market value can be influenced by many factors that don't directly affect KORE Group'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 KORE Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if KORE Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, KORE Group'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.
KORE Group Holdings Number Of Shares Shorted vs. Cash And Equivalents Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining KORE Group's current stock value. Our valuation model uses many indicators to compare KORE Group value to that of its competitors to determine the firm's financial worth. KORE Group Holdings is rated below average in cash and equivalents category among its peers. It is rated below average in number of shares shorted category among its peers . The ratio of Cash And Equivalents to Number Of Shares Shorted for KORE Group Holdings is about 1,066 . Comparative valuation analysis is a catch-all technique that is used if you cannot value KORE Group by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.KORE Number Of Shares Shorted vs. Cash And Equivalents
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
KORE Group |
| = | 40.44 M |
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
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.
KORE Group |
| = | 37.95 K |
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.
KORE Number Of Shares Shorted Comparison
KORE Group is currently under evaluation in number of shares shorted category among its peers.
KORE Group Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in KORE Group, profitability is also one of the essential criteria for including it into their portfolios because, without profit, KORE Group will eventually generate negative long term returns. The profitability progress is the general direction of KORE Group's change in net profit over the period of time. It can combine multiple indicators of KORE Group, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
KORE Group Holdings, Inc. provides Internet of Things services and solutions worldwide. The company was founded in 2002 and is headquartered in Alpharetta, Georgia. Kore Group operates under Telecom Services classification in the United States and is traded on New York Stock Exchange. It employs 614 people.
KORE Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on KORE Group. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of KORE Group position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the KORE Group's important profitability drivers and their relationship over time.
Use KORE Group in pair-trading
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 KORE Group 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 KORE Group will appreciate offsetting losses from the drop in the long position's value.KORE Group Pair Trading
KORE Group Holdings Pair Trading Analysis
The ability to find closely correlated positions to KORE Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KORE Group 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 KORE Group - 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 KORE Group Holdings to buy it.
The correlation of KORE Group 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 KORE Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KORE Group Holdings 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 KORE Group 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.Use Investing Themes to Complement your KORE Group position
In addition to having KORE Group in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Communication Services Thematic Idea Now
Communication Services
Companies that provide networking, telecom, and long distance services. The Communication Services theme has 37 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Communication Services Theme or any other thematic opportunities.
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To fully project KORE Group's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of KORE Group Holdings at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include KORE Group's income statement, its balance sheet, and the statement of cash flows.