Sanatana Resources Number Of Shares Shorted vs. Price To Book

STA Stock  CAD 0.03  0.01  50.00%   
Based on Sanatana Resources' profitability indicators, Sanatana Resources may not be well positioned to generate adequate gross income at the present time. It has a very high likelihood of underperforming in January. Profitability indicators assess Sanatana Resources' ability to earn profits and add value for shareholders. At this time, Sanatana Resources' PTB Ratio is fairly stable compared to the past year. Average Payables is likely to climb to about 116.8 K in 2024, whereas Free Cash Flow Yield is likely to drop (0.11) in 2024.
For Sanatana Resources profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Sanatana Resources to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Sanatana Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Sanatana Resources's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Sanatana Resources over time as well as its relative position and ranking within its peers.
  
Check out World Market Map.
Please note, there is a significant difference between Sanatana Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Sanatana Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sanatana Resources' 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.

Sanatana Resources Price To Book vs. Number Of Shares Shorted Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Sanatana Resources's current stock value. Our valuation model uses many indicators to compare Sanatana Resources value to that of its competitors to determine the firm's financial worth.
Sanatana Resources is currently regarded as top stock in number of shares shorted category among its peers. It is rated fourth in price to book category among its peers . The ratio of Number Of Shares Shorted to Price To Book for Sanatana Resources is about  4,542 . Price To Book Ratio is likely to climb to 497.51 in 2024. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Sanatana Resources' earnings, one of the primary drivers of an investment's value.

Sanatana Price To Book vs. Number Of Shares Shorted

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.

Sanatana Resources

Shares Shorted

 = 

Shorted by Public

+

by Institutions

 = 
7.92 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.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.

Sanatana Resources

P/B

 = 

MV Per Share

BV Per Share

 = 
1.74 X
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.

Sanatana Price To Book Comparison

Sanatana Resources is currently under evaluation in price to book category among its peers.

Sanatana Resources Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Sanatana Resources, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Sanatana Resources will eventually generate negative long term returns. The profitability progress is the general direction of Sanatana Resources' change in net profit over the period of time. It can combine multiple indicators of Sanatana Resources, 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.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive IncomeM7.3 M
Operating Income-1.4 M-1.4 M
Income Before Tax-528.4 K-554.8 K
Total Other Income Expense Net831.9 K873.4 K
Net Loss-528.4 K-554.8 K
Income Tax Expense(4.00)(4.20)
Net Loss-528.4 K-554.8 K
Net Loss-2.5 M-2.6 M
Net Interest Income-85.5 K-81.2 K
Interest Income110.4 K115.9 K
Change To Netincome712.9 K748.6 K
Net Loss(0.01)(0.01)
Income Quality 1.12  1.18 
Net Income Per E B T 0.90  0.67 

Sanatana Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Sanatana Resources. 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 Sanatana Resources 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 Sanatana Resources' important profitability drivers and their relationship over time.

Use Sanatana Resources 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 Sanatana 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 Sanatana Resources will appreciate offsetting losses from the drop in the long position's value.

Sanatana Resources Pair Trading

Sanatana Resources Pair Trading Analysis

The ability to find closely correlated positions to Sanatana 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 Sanatana 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 Sanatana 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 Sanatana Resources to buy it.
The correlation of Sanatana 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 Sanatana Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sanatana Resources 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 Sanatana 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Sanatana Resources position

In addition to having Sanatana Resources 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 Global Macro ETFs Thematic Idea Now

Global Macro ETFs
Global Macro ETFs Theme
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Global Macro ETFs theme has 26 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 Global Macro ETFs Theme or any other thematic opportunities.
View All  Next Launch

Additional Tools for Sanatana Stock Analysis

When running Sanatana Resources' price analysis, check to measure Sanatana Resources' 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 Sanatana Resources is operating at the current time. Most of Sanatana Resources' value examination focuses on studying past and present price action to predict the probability of Sanatana Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sanatana Resources' price. Additionally, you may evaluate how the addition of Sanatana Resources to your portfolios can decrease your overall portfolio volatility.