Northpoint Communications Group Stock Number Of Shares Shorted
| NPNTQ Stock | USD 0.0001 0.00 0.00% |
NorthPoint Communications' fundamental analysis aims to assess its intrinsic value by examining key economic and financial indicators - such as cash flow records, changes in balance sheet accounts, income statement trends, financial ratios, and relevant microeconomic factors affecting NorthPoint Stock price.
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NorthPoint Communications Group Company Number Of Shares Shorted Analysis
NorthPoint Communications' 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 |
NorthPoint Number Of Shares Shorted Driver Correlations
Understanding the fundamental principles of building solid financial models for NorthPoint Communications is extremely important. It helps to project a fair market value of NorthPoint Stock properly, considering its historical fundamentals such as Number Of Shares Shorted. Since NorthPoint Communications' 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 NorthPoint Communications' 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 NorthPoint Communications' 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.
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Based on the recorded statements, NorthPoint Communications Group has 0.0 of outstending shares currently sold short by investors. This indicator is about the same for the Internet Software & Services (discontinued effective close of September 28, 2018) average (which is currently at 0.0) sector and about the same as Information Technology (which currently averages 0.0) industry. This indicator is about the same for all United States stocks average (which is currently at 0.0).
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NorthPoint Fundamentals
| Return On Equity | -1.54 | ||||
| Return On Asset | -0.37 | ||||
| Operating Margin | (4.93) % | ||||
| Current Valuation | 340.88 M | ||||
| Price To Book | 0 X | ||||
| Price To Sales | 0 X | ||||
| Revenue | 21.14 M | ||||
| Gross Profit | (68.48 M) | ||||
| EBITDA | (295.32 M) | ||||
| Net Income | (183.7 M) | ||||
| Cash And Equivalents | 150.33 M | ||||
| Cash Per Share | 1.13 X | ||||
| Total Debt | 87.68 M | ||||
| Debt To Equity | 3.37 % | ||||
| Current Ratio | 2.51 X | ||||
| Book Value Per Share | 1.09 X | ||||
| Cash Flow From Operations | (123.05 M) | ||||
| Earnings Per Share | (0.16) X | ||||
| Number Of Employees | 948 | ||||
| Beta | -45.21 | ||||
| Market Capitalization | 266.64 K | ||||
| Total Asset | 479.16 M | ||||
| Retained Earnings | (213.99 M) | ||||
| Working Capital | 139 M | ||||
| Current Asset | 231.11 M | ||||
| Current Liabilities | 92.11 M | ||||
| Net Asset | 479.16 M |
About NorthPoint Communications Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze NorthPoint Communications Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NorthPoint Communications using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NorthPoint Communications Group 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 NorthPoint Communications
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 NorthPoint Communications 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 NorthPoint Communications will appreciate offsetting losses from the drop in the long position's value.Moving together with NorthPoint Stock
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The ability to find closely correlated positions to NorthPoint Communications could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NorthPoint Communications 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 NorthPoint Communications - 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 NorthPoint Communications Group to buy it.
The correlation of NorthPoint Communications 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 NorthPoint Communications moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NorthPoint Communications 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 NorthPoint Communications 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 NorthPoint Stock Analysis
When running NorthPoint Communications' price analysis, check to measure NorthPoint Communications' 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 NorthPoint Communications is operating at the current time. Most of NorthPoint Communications' value examination focuses on studying past and present price action to predict the probability of NorthPoint Communications' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NorthPoint Communications' price. Additionally, you may evaluate how the addition of NorthPoint Communications to your portfolios can decrease your overall portfolio volatility.