Palomar Holdings Stock Number Of Shares Shorted
| PLMR Stock | USD 129.62 2.87 2.17% |
Fundamental analysis of Palomar Holdings allows traders to better anticipate movements in Palomar Holdings' stock price by examining its financial health and performance throughout various phases of its business cycle.
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Palomar Holdings Company Number Of Shares Shorted Analysis
Palomar Holdings' 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 Palomar Holdings Number Of Shares Shorted | 616.78 K |
Most of Palomar Holdings' 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, Palomar Holdings is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Palomar Number Of Shares Shorted Driver Correlations
Understanding the fundamental principles of building solid financial models for Palomar Holdings is extremely important. It helps to project a fair market value of Palomar Stock properly, considering its historical fundamentals such as Number Of Shares Shorted. Since Palomar Holdings' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Palomar Holdings' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Palomar Holdings' interrelated accounts and indicators.
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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, Palomar Holdings has 616.78 K of outstending shares currently sold short by investors. This is 89.31% lower than that of the Insurance sector and significantly higher than that of the Financials industry. The number of shares shorted for all United States stocks is 86.89% higher than that of the company.
Palomar Number Of Shares Shorted Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Palomar Holdings' 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 Palomar Holdings could also be used in its relative valuation, which is a method of valuing Palomar Holdings by comparing valuation metrics of similar companies.Palomar Holdings is currently under evaluation in number of shares shorted category among its peers.
Palomar Holdings Current Valuation Drivers
We derive many important indicators used in calculating different scores of Palomar Holdings from analyzing Palomar Holdings' financial statements. These drivers represent accounts that assess Palomar Holdings' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Palomar Holdings' important valuation drivers and their relationship over time.
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Market Cap | 2.2B | 1.6B | 1.1B | 2.7B | 2.4B | 2.5B | |
| Enterprise Value | 2.2B | 1.6B | 1.1B | 2.6B | 2.4B | 2.5B |
Palomar Holdings ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Palomar Holdings' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Palomar Holdings' managers, analysts, and investors.Environmental | Governance | Social |
Palomar Fundamentals
| Return On Equity | 0.21 | ||||
| Return On Asset | 0.0496 | ||||
| Profit Margin | 0.22 % | ||||
| Operating Margin | 0.31 % | ||||
| Current Valuation | 3.41 B | ||||
| Shares Outstanding | 26.74 M | ||||
| Shares Owned By Insiders | 2.45 % | ||||
| Shares Owned By Institutions | 94.75 % | ||||
| Number Of Shares Shorted | 616.78 K | ||||
| Price To Earning | 253.33 X | ||||
| Price To Book | 4.42 X | ||||
| Price To Sales | 5.81 X | ||||
| Revenue | 553.86 M | ||||
| Gross Profit | 188.65 M | ||||
| EBITDA | 152.33 M | ||||
| Net Income | 117.57 M | ||||
| Cash And Equivalents | 36.47 M | ||||
| Cash Per Share | 1.45 X | ||||
| Total Debt | 1.53 B | ||||
| Debt To Equity | 0.06 % | ||||
| Current Ratio | 0.51 X | ||||
| Book Value Per Share | 29.57 X | ||||
| Cash Flow From Operations | 261.16 M | ||||
| Short Ratio | 1.89 X | ||||
| Earnings Per Share | 5.01 X | ||||
| Price To Earnings To Growth | 0.25 X | ||||
| Target Price | 182.83 | ||||
| Number Of Employees | 253 | ||||
| Beta | 0.46 | ||||
| Market Capitalization | 3.54 B | ||||
| Total Asset | 829.77 M | ||||
| Retained Earnings | 262.22 M | ||||
| Net Asset | 829.77 M |
About Palomar Holdings Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Palomar Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Palomar Holdings using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Palomar Holdings 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 Palomar Holdings
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 Palomar Holdings 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 Palomar Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Palomar Stock
Moving against Palomar Stock
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| 0.51 | L | Loews Corp | PairCorr |
| 0.47 | MKL | Markel | PairCorr |
The ability to find closely correlated positions to Palomar Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Palomar Holdings 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 Palomar Holdings - 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 Palomar Holdings to buy it.
The correlation of Palomar Holdings 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 Palomar Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Palomar 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 Palomar Holdings 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.Additional Tools for Palomar Stock Analysis
When running Palomar Holdings' price analysis, check to measure Palomar Holdings' 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 Palomar Holdings is operating at the current time. Most of Palomar Holdings' value examination focuses on studying past and present price action to predict the probability of Palomar Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Palomar Holdings' price. Additionally, you may evaluate how the addition of Palomar Holdings to your portfolios can decrease your overall portfolio volatility.