New Gross Profit vs Total Operating Expenses Analysis

NEWP Stock  USD 1.54  0.05  3.36%   
New Pacific financial indicator trend analysis is infinitely more than just investigating New Pacific Metals recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether New Pacific Metals is a good investment. Please check the relationship between New Pacific Gross Profit and its Total Operating Expenses accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Pacific Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Gross Profit vs Total Operating Expenses

Gross Profit vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Pacific Metals Gross Profit account and Total Operating Expenses. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between New Pacific's Gross Profit and Total Operating Expenses is -0.24. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of New Pacific Metals, assuming nothing else is changed. The correlation between historical values of New Pacific's Gross Profit and Total Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of New Pacific Metals are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Gross Profit i.e., New Pacific's Gross Profit and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

-0.24
Relationship DirectionNegative 
Relationship StrengthInsignificant

Gross Profit

Gross profit is a required income statement account that reflects total revenue of New Pacific Metals minus its cost of goods sold. It is profit before New Pacific operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Most indicators from New Pacific's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into New Pacific Metals current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Pacific Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.
As of 12/11/2024, Issuance Of Capital Stock is likely to grow to about 26.6 M, while Selling General Administrative is likely to drop slightly above 6.2 M.
 2020 2021 2022 2023 (projected)
Other Operating Expenses5.9M6.8M8.3M7.1M
Depreciation And Amortization44K174.0K213.5K211.2K

New Pacific fundamental ratios Correlations

0.490.661.0-0.630.650.60.070.170.52-0.22-0.41-0.020.660.910.6-0.480.95-0.60.960.49-0.430.950.29-0.20.51
0.490.830.48-0.370.580.350.160.260.29-0.280.070.050.820.420.540.080.47-0.350.470.220.080.450.48-0.080.25
0.660.830.64-0.620.930.3-0.05-0.010.29-0.36-0.18-0.161.00.680.42-0.340.68-0.30.690.13-0.080.70.64-0.290.16
1.00.480.64-0.630.640.60.070.170.52-0.21-0.42-0.020.650.90.6-0.480.95-0.60.960.49-0.440.950.28-0.190.51
-0.63-0.37-0.62-0.63-0.67-0.240.290.23-0.380.560.240.42-0.61-0.84-0.40.51-0.710.24-0.710.02-0.02-0.8-0.20.330.01
0.650.580.930.64-0.670.21-0.17-0.170.25-0.35-0.31-0.270.940.720.27-0.550.69-0.210.710.05-0.170.740.63-0.380.07
0.60.350.30.6-0.240.210.160.180.37-0.18-0.08-0.080.30.450.43-0.080.4-1.00.390.890.00.520.430.030.86
0.070.16-0.050.070.29-0.170.160.690.52-0.02-0.2-0.14-0.05-0.290.210.450.06-0.160.040.14-0.16-0.1-0.160.880.1
0.170.26-0.010.170.23-0.170.180.690.620.30.240.47-0.01-0.170.340.660.11-0.180.090.33-0.070.03-0.140.630.29
0.520.290.290.52-0.380.250.370.520.620.13-0.25-0.170.290.320.440.10.44-0.370.450.43-0.150.560.090.510.42
-0.22-0.28-0.36-0.210.56-0.35-0.18-0.020.30.130.120.49-0.35-0.37-0.10.27-0.370.18-0.350.3-0.17-0.24-0.020.130.32
-0.410.07-0.18-0.420.24-0.31-0.08-0.20.24-0.250.120.49-0.18-0.370.090.67-0.420.08-0.44-0.020.78-0.41-0.08-0.03-0.06
-0.020.05-0.16-0.020.42-0.27-0.08-0.140.47-0.170.490.49-0.16-0.150.040.36-0.060.08-0.070.15-0.14-0.17-0.13-0.20.16
0.660.821.00.65-0.610.940.3-0.05-0.010.29-0.35-0.18-0.160.680.42-0.350.68-0.30.690.14-0.090.70.63-0.30.16
0.910.420.680.9-0.840.720.45-0.29-0.170.32-0.37-0.37-0.150.680.5-0.660.91-0.450.920.27-0.290.960.29-0.480.3
0.60.540.420.6-0.40.270.430.210.340.44-0.10.090.040.420.50.180.59-0.430.560.370.070.540.050.110.34
-0.480.08-0.34-0.480.51-0.55-0.080.450.660.10.270.670.36-0.35-0.660.18-0.510.08-0.540.060.48-0.56-0.260.58-0.01
0.950.470.680.95-0.710.690.40.060.110.44-0.37-0.42-0.060.680.910.59-0.51-0.41.00.22-0.430.920.17-0.220.23
-0.6-0.35-0.3-0.60.24-0.21-1.0-0.16-0.18-0.370.180.080.08-0.3-0.45-0.430.08-0.4-0.39-0.890.0-0.52-0.43-0.03-0.86
0.960.470.690.96-0.710.710.390.040.090.45-0.35-0.44-0.070.690.920.56-0.541.0-0.390.21-0.450.930.18-0.240.23
0.490.220.130.490.020.050.890.140.330.430.3-0.020.150.140.270.370.060.22-0.890.21-0.080.40.410.090.99
-0.430.08-0.08-0.44-0.02-0.170.0-0.16-0.07-0.15-0.170.78-0.14-0.09-0.290.070.48-0.430.0-0.45-0.08-0.310.010.08-0.11
0.950.450.70.95-0.80.740.52-0.10.030.56-0.24-0.41-0.170.70.960.54-0.560.92-0.520.930.4-0.310.33-0.280.42
0.290.480.640.28-0.20.630.43-0.16-0.140.09-0.02-0.08-0.130.630.290.05-0.260.17-0.430.180.410.010.33-0.170.42
-0.2-0.08-0.29-0.190.33-0.380.030.880.630.510.13-0.03-0.2-0.3-0.480.110.58-0.22-0.03-0.240.090.08-0.28-0.170.04
0.510.250.160.510.010.070.860.10.290.420.32-0.060.160.160.30.34-0.010.23-0.860.230.99-0.110.420.420.04
Click cells to compare fundamentals

New Pacific Account Relationship Matchups

New Pacific fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets94.6M130.9M126.8M124.1M118.3M137.7M
Other Current Liab529.0K957.0K467.9K1.8M945.1K638.9K
Total Current Liabilities1.6M1.5M1.1M3.9M2.3M1.2M
Total Stockholder Equity92.9M129.5M125.7M120.3M116.1M136.6M
Retained Earnings(39.1M)(31.8M)(54.1M)(60.5M)(68.6M)(74.6M)
Accounts Payable1.1M539.2K626.7K2.1M1.4M575.3K
Cash21.2M29.8M46.4M29.3M6.3M22.0M
Short Term Investments8.3M15.1M143.9K192.4K198.4K258.7K
Other Current Assets108.4K8.7M523.1K479.3K630.3K338.8K
Total Liab1.8M1.5M1.1M3.9M2.3M1.2M
Common Stock114.3M140.3M149.6M153.7M155.8M182.0M
Property Plant Equipment96.5M76.6M86.7M104.9M120.7M70.3M
Property Plant And Equipment Net59.5M70.7M76.7M86.8M104.9M115.0M
Net Debt(21.2M)(29.8M)(46.4M)(29.3M)(6.3M)(22.0M)
Non Current Assets Total64.8M76.9M79.4M90.9M110.8M115.1M
Cash And Short Term Investments29.5M44.9M46.6M29.5M6.5M22.2M
Net Receivables197.7K303.6K343.6K3.2M421.9K51.3K
Common Stock Shares Outstanding133.8M150.7M153.3M155.6M157.0M167.8M
Liabilities And Stockholders Equity94.6M130.9M126.8M124.1M118.3M137.7M
Non Current Liabilities Total1.2M200.4K539.2K626.7K2.1M0.0
Other Stockholder Equity(98.7K)(142.9K)(118.4K)(119.9K)(115.5K)20.0M
Total Current Assets29.9M54.0M47.5M33.2M7.5M22.6M
Accumulated Other Comprehensive Income2.5M4.8M13.6M11.7M10.2M9.3M
Intangible Assets121.591.5160.930.527.4526.08
Common Stock Total Equity124.2M150.0M191.6M149.6M172.1M180.7M
Property Plant And Equipment Gross78.1M96.6M76.7M87.4M105.7M115.8M
Non Currrent Assets Other(101.8K)(95.6K)(112.3K)(139.4K)(125.5K)(119.2K)
Net Tangible Assets176.7M125.7M120.2M116.1M133.5M124.9M
Net Invested Capital121.9M176.8M125.7M120.3M116.1M136.6M
Long Term Investments5.1M5.6M496.5K496.7K283.1K56.5K
Net Working Capital37.1M71.7M46.4M29.3M5.2M21.4M
Capital Stock114.3M140.3M149.6M153.7M155.8M182.0M

Pair Trading with New Pacific

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 New Pacific 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 New Pacific will appreciate offsetting losses from the drop in the long position's value.

Moving together with New Stock

  0.79ERIC Telefonaktiebolaget Aggressive PushPairCorr

Moving against New Stock

  0.36ELTK EltekPairCorr
  0.35WBX Wallbox NVPairCorr
The ability to find closely correlated positions to New Pacific could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace New Pacific 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 New Pacific - 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 New Pacific Metals to buy it.
The correlation of New Pacific 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 New Pacific moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New Pacific Metals 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 New Pacific 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.
Pair CorrelationCorrelation Matching

Additional Tools for New Stock Analysis

When running New Pacific's price analysis, check to measure New Pacific'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 Pacific is operating at the current time. Most of New Pacific's value examination focuses on studying past and present price action to predict the probability of New Pacific'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 Pacific's price. Additionally, you may evaluate how the addition of New Pacific to your portfolios can decrease your overall portfolio volatility.