IPO Stock Of The Week Solar Leader Nextracker Tests Buy Point After Powerful Breakout
| CSIQ Stock | USD 11.32 0.17 1.48% |
Slightly above 62% of Canadian Solar's investor base is looking to short. The analysis of overall sentiment of trading Canadian Solar stock suggests that many investors are alarmed at this time. Canadian Solar's investing sentiment overview a quick insight into current market opportunities from investing in Canadian Solar. Many technical investors use Canadian Solar stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Nextracker slipped below its latest buy point amid an ongoing pullback.
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Canadian Solar Fundamental Analysis
We analyze Canadian Solar's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Canadian Solar using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Canadian Solar 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.
Current Ratio
Current Ratio Comparative Analysis
Canadian Solar is currently under evaluation in current ratio category among its peers. Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Canadian Solar Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Canadian Solar stock to make a market-neutral strategy. Peer analysis of Canadian Solar could also be used in its relative valuation, which is a method of valuing Canadian Solar by comparing valuation metrics with similar companies.
Peers
Canadian Solar Related Equities
| FSLR | First Solar | 5.29 | ||||
| SEDG | SolarEdge Technologies | 0.43 | ||||
| SOL | Emeren | 1.07 | ||||
| JKS | JinkoSolar Holding | 1.91 | ||||
| RUN | Sunrun | 4.00 | ||||
| SPWR | Complete Solaria, | 5.73 |
Additional Tools for Canadian Stock Analysis
When running Canadian Solar's price analysis, check to measure Canadian Solar'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 Canadian Solar is operating at the current time. Most of Canadian Solar's value examination focuses on studying past and present price action to predict the probability of Canadian Solar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Solar's price. Additionally, you may evaluate how the addition of Canadian Solar to your portfolios can decrease your overall portfolio volatility.