We recommend to make use of New Age Metals fundamental analysis to find out if markets are presently mispricing the entity. Strictly speaking this technique allows you to check out available financial ratios of New Age Metals as well as the relationship between them. We were able to interpolate twenty-five available fundamentals for New Age, which can be compared to its peers in the industry. The stock experiences a very speculative upward sentiment. Check odds of New Age to be traded at C$0.076 in 90 days. Key indicators impacting New Age's financial strength include:
Please note, the imprecision that can be found in New Age's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of New Age Metals. Check New Age's Beneish M Score to see the likelihood of New Age's management manipulating its earnings.
New Age Stock Summary
New Age competes with Stillwater Critical. New Age Metals Inc., a mineral exploration company, acquires, explores for, and develops platinum group metals , and precious and base metal properties in Canada. New Age Metals Inc. was incorporated in 1996 and is headquartered in Vancouver, Canada. NEW AGE operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange.
You should never invest in New Age without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of New Stock, because this is throwing your money away. Analyzing the key information contained in New Age's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
New Age Key Financial Ratios
There are many critical financial ratios that New Age's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that New Age Metals reports annually and quarterly.
Comparative valuation techniques use various fundamental indicators to help in determining New Age's current stock value. Our valuation model uses many indicators to compare New Age value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across New Age competition to find correlations between indicators driving New Age's intrinsic value. More Info.
New Age Metals is regarded second in return on equity category among its peers. It also is regarded second in return on asset category among its peers . At this time, New Age's Return On Equity is fairly stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the New Age's earnings, one of the primary drivers of an investment's value.
New Age Metals Systematic Risk
New Age's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. New Age volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on New Age Metals correlated with the market. If Beta is less than 0 New Age generally moves in the opposite direction as compared to the market. If New Age Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one New Age Metals is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of New Age is generally in the same direction as the market. If Beta > 1 New Age moves generally in the same direction as, but more than the movement of the benchmark.
New Age Metals Total Assets Over Time
Today, most investors in New Age Stock are looking for potential investment opportunities by analyzing not only static indicators but also various New Age's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of New Age growth as a starting point in their analysis.
Along with financial statement analysis, the daily predictive indicators of New Age help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of New Age Metals. We use our internally-developed statistical techniques to arrive at the intrinsic value of New Age Metals based on widely used predictive technical indicators. In general, we focus on analyzing New Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build New Age's daily price indicators and compare them against related drivers.
When running New Age's price analysis, check to measure New Age'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 New Age is operating at the current time. Most of New Age's value examination focuses on studying past and present price action to predict the probability of New Age's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Age's price. Additionally, you may evaluate how the addition of New Age to your portfolios can decrease your overall portfolio volatility.