Africa Oil Corp Stock Number Of Shares Shorted
AOI Stock | CAD 2.43 0.01 0.41% |
Africa Oil Corp fundamentals help investors to digest information that contributes to Africa Oil's financial success or failures. It also enables traders to predict the movement of Africa Stock. The fundamental analysis module provides a way to measure Africa Oil'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 Africa Oil stock.
Africa |
Africa Oil Corp Company Number Of Shares Shorted Analysis
Africa Oil's 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 Africa Oil Number Of Shares Shorted | 1.31 M |
Most of Africa Oil's 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, Africa Oil 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, Africa Oil Corp has 1.31 M of outstending shares currently sold short by investors. This is 84.49% lower than that of the Oil, Gas & Consumable Fuels sector and 90.54% lower than that of the Energy industry. The number of shares shorted for all Canada stocks is 72.11% higher than that of the company.
Africa Number Of Shares Shorted Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Africa Oil's 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 Africa Oil could also be used in its relative valuation, which is a method of valuing Africa Oil by comparing valuation metrics of similar companies.Africa Oil is currently under evaluation in number of shares shorted category among related companies.
Africa Fundamentals
Return On Equity | 0.1 | ||||
Return On Asset | -0.0624 | ||||
Profit Margin | 0.48 % | ||||
Operating Margin | (0.05) % | ||||
Current Valuation | 887.24 M | ||||
Shares Outstanding | 451.62 M | ||||
Shares Owned By Insiders | 15.99 % | ||||
Shares Owned By Institutions | 15.44 % | ||||
Number Of Shares Shorted | 1.31 M | ||||
Price To Earning | (38.75) X | ||||
Price To Book | 0.91 X | ||||
Price To Sales | 6.16 X | ||||
Gross Profit | 138.4 M | ||||
EBITDA | (31.9 M) | ||||
Net Income | 87.1 M | ||||
Cash And Equivalents | 199.3 M | ||||
Cash Per Share | 0.08 X | ||||
Debt To Equity | 0.30 % | ||||
Current Ratio | 1.93 X | ||||
Book Value Per Share | 1.93 X | ||||
Cash Flow From Operations | (53.3 M) | ||||
Short Ratio | 3.90 X | ||||
Earnings Per Share | 0.25 X | ||||
Price To Earnings To Growth | 1.46 X | ||||
Target Price | 2.71 | ||||
Number Of Employees | 23 | ||||
Beta | 1.36 | ||||
Market Capitalization | 1.1 B | ||||
Total Asset | 966.2 M | ||||
Retained Earnings | (432.3 M) | ||||
Working Capital | 214.7 M | ||||
Current Asset | 105.83 M | ||||
Current Liabilities | 56.31 M | ||||
Annual Yield | 0.03 % | ||||
Net Asset | 966.2 M | ||||
Last Dividend Paid | 0.05 |
About Africa Oil Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Africa Oil Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Africa Oil using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Africa Oil 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Africa Oil in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Africa Oil's short interest history, or implied volatility extrapolated from Africa Oil options trading.
Pair Trading with Africa Oil
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 Africa Oil 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 Africa Oil will appreciate offsetting losses from the drop in the long position's value.Moving together with Africa Stock
0.7 | ENB-PFC | Enbridge Pref 11 | PairCorr |
The ability to find closely correlated positions to Africa Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Africa Oil 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 Africa Oil - 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 Africa Oil Corp to buy it.
The correlation of Africa Oil 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 Africa Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Africa Oil 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 Africa Oil 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Africa Oil Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for Africa Stock analysis
When running Africa Oil's price analysis, check to measure Africa Oil's 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 Africa Oil is operating at the current time. Most of Africa Oil's value examination focuses on studying past and present price action to predict the probability of Africa Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Africa Oil's price. Additionally, you may evaluate how the addition of Africa Oil to your portfolios can decrease your overall portfolio volatility.
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