Were Not Very Worried About NGEx Minerals Cash Burn Rate - Yahoo Finance
| NGEX Stock | 13.09 0.74 5.99% |
About 54% of NGEx Minerals' investors are presently thinking to get in. The current sentiment regarding investing in NGEx Minerals stock implies that some traders are interested. NGEx Minerals' investing sentiment overview a quick insight into current market opportunities from investing in NGEx Minerals. Many technical investors use NGEx Minerals stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
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Were Not Very Worried About NGEx Minerals Cash Burn Rate Yahoo Finance
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NGEx Minerals Fundamental Analysis
We analyze NGEx Minerals' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NGEx Minerals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NGEx Minerals 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.
Beta
Beta Comparative Analysis
NGEx Minerals is considered to be number one stock in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
NGEx Minerals 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 NGEx Minerals stock to make a market-neutral strategy. Peer analysis of NGEx Minerals could also be used in its relative valuation, which is a method of valuing NGEx Minerals by comparing valuation metrics with similar companies.
Peers
NGEx Minerals Related Equities
| NGEX | NGEx Minerals | 5.99 | ||||
| FIL | Filo Mining | 0.73 | ||||
| TECK-B | Teck Resources | 3.85 | ||||
| IVN | Ivanhoe Mines | 4.37 | ||||
| SGML | Sigma Lithium | 4.49 | ||||
| SKE | Skeena Resources | 4.77 | ||||
| FOM | Foran Mining | 6.78 | ||||
| CXB | Calibre Mining | 6.81 |
Other Information on Investing in NGEx Stock
NGEx Minerals financial ratios help investors to determine whether NGEx Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in NGEx with respect to the benefits of owning NGEx Minerals security.