Newmont Financial Statements From 2010 to 2025
| NGT Stock | CAD 68.39 0.48 0.71% |
Check Newmont Goldcorp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Newmont Goldcorp's main balance sheet or income statement drivers, such as , as well as many indicators such as . Newmont financial statements analysis is a perfect complement when working with Newmont Goldcorp Valuation or Volatility modules.
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Newmont Goldcorp Corp Company Return On Equity Analysis
Newmont Goldcorp's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Newmont Goldcorp Return On Equity | 0.11 |
Most of Newmont Goldcorp's fundamental indicators, such as Return On Equity, 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, Newmont Goldcorp Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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Based on the latest financial disclosure, Newmont Goldcorp Corp has a Return On Equity of 0.1117. This is 87.73% lower than that of the Metals & Mining sector and 11.7% higher than that of the Materials industry. The return on equity for all Canada stocks is 136.03% lower than that of the firm.
Newmont Goldcorp Corp Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Newmont Goldcorp's current stock value. Our valuation model uses many indicators to compare Newmont Goldcorp value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Newmont Goldcorp competition to find correlations between indicators driving Newmont Goldcorp's intrinsic value. More Info.Newmont Goldcorp Corp is regarded second in return on equity category among its peers. It also is regarded second in return on asset category among its peers reporting about 0.59 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Newmont Goldcorp Corp is roughly 1.69 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Newmont Goldcorp by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Newmont Goldcorp's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About Newmont Goldcorp Financial Statements
Newmont Goldcorp investors utilize fundamental indicators, such as revenue or net income, to predict how Newmont Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Newmont Goldcorp Corporation, together with its subsidiaries, operates in the mining industry. The company was founded in 1916 and is headquartered in Greenwood Village, Colorado. NEWMONT GOLDCORP operates under Gold classification in Canada and is traded on Toronto Stock Exchange. It employs 12400 people.
Pair Trading with Newmont Goldcorp
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 Newmont Goldcorp 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 Newmont Goldcorp will appreciate offsetting losses from the drop in the long position's value.Moving against Newmont Stock
| 0.83 | VCM | Vecima Networks | PairCorr |
| 0.58 | NXE | NexGen Energy | PairCorr |
| 0.39 | CNQ | Canadian Natural Res | PairCorr |
| 0.34 | TCL-B | Transcontinental | PairCorr |
| 0.32 | IE | Ivanhoe Energy | PairCorr |
The ability to find closely correlated positions to Newmont Goldcorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Newmont Goldcorp 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 Newmont Goldcorp - 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 Newmont Goldcorp Corp to buy it.
The correlation of Newmont Goldcorp 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 Newmont Goldcorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Newmont Goldcorp 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 Newmont Goldcorp 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 the analysis of Newmont Goldcorp Correlation against competitors. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.