New Net Income From Continuing Ops vs Operating Income 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 Net Income From Continuing Ops and its Operating Income 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.
Net Income From Continuing Ops vs Operating Income
Net Income From Continuing Ops vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Pacific Metals Net Income From Continuing Ops account and Operating Income. At this time, the significance of the direction appears to have almost no relationship.
The correlation between New Pacific's Net Income From Continuing Ops and Operating Income is 0.1. Overlapping area represents the amount of variation of Net Income From Continuing Ops that can explain the historical movement of Operating Income 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 Net Income From Continuing Ops and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income From Continuing Ops of New Pacific Metals are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Net Income From Continuing Ops i.e., New Pacific's Net Income From Continuing Ops and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.1 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Net Income From Continuing Ops
Operating Income
Operating Income is the amount of profit realized from New Pacific Metals operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of New Pacific Metals is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.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 Expenses | 5.9M | 6.8M | 8.3M | 7.1M | Depreciation And Amortization | 44K | 174.0K | 213.5K | 211.2K |
New Pacific fundamental ratios Correlations
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New Pacific Account Relationship Matchups
High Positive Relationship
High Negative Relationship
New Pacific fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 94.6M | 130.9M | 126.8M | 124.1M | 118.3M | 137.7M | |
Other Current Liab | 529.0K | 957.0K | 467.9K | 1.8M | 945.1K | 638.9K | |
Total Current Liabilities | 1.6M | 1.5M | 1.1M | 3.9M | 2.3M | 1.2M | |
Total Stockholder Equity | 92.9M | 129.5M | 125.7M | 120.3M | 116.1M | 136.6M | |
Retained Earnings | (39.1M) | (31.8M) | (54.1M) | (60.5M) | (68.6M) | (74.6M) | |
Accounts Payable | 1.1M | 539.2K | 626.7K | 2.1M | 1.4M | 575.3K | |
Cash | 21.2M | 29.8M | 46.4M | 29.3M | 6.3M | 22.0M | |
Short Term Investments | 8.3M | 15.1M | 143.9K | 192.4K | 198.4K | 258.7K | |
Other Current Assets | 108.4K | 8.7M | 523.1K | 479.3K | 630.3K | 338.8K | |
Total Liab | 1.8M | 1.5M | 1.1M | 3.9M | 2.3M | 1.2M | |
Common Stock | 114.3M | 140.3M | 149.6M | 153.7M | 155.8M | 182.0M | |
Property Plant Equipment | 96.5M | 76.6M | 86.7M | 104.9M | 120.7M | 70.3M | |
Property Plant And Equipment Net | 59.5M | 70.7M | 76.7M | 86.8M | 104.9M | 115.0M | |
Net Debt | (21.2M) | (29.8M) | (46.4M) | (29.3M) | (6.3M) | (22.0M) | |
Non Current Assets Total | 64.8M | 76.9M | 79.4M | 90.9M | 110.8M | 115.1M | |
Cash And Short Term Investments | 29.5M | 44.9M | 46.6M | 29.5M | 6.5M | 22.2M | |
Net Receivables | 197.7K | 303.6K | 343.6K | 3.2M | 421.9K | 51.3K | |
Common Stock Shares Outstanding | 133.8M | 150.7M | 153.3M | 155.6M | 157.0M | 167.8M | |
Liabilities And Stockholders Equity | 94.6M | 130.9M | 126.8M | 124.1M | 118.3M | 137.7M | |
Non Current Liabilities Total | 1.2M | 200.4K | 539.2K | 626.7K | 2.1M | 0.0 | |
Other Stockholder Equity | (98.7K) | (142.9K) | (118.4K) | (119.9K) | (115.5K) | 20.0M | |
Total Current Assets | 29.9M | 54.0M | 47.5M | 33.2M | 7.5M | 22.6M | |
Accumulated Other Comprehensive Income | 2.5M | 4.8M | 13.6M | 11.7M | 10.2M | 9.3M | |
Intangible Assets | 121.5 | 91.51 | 60.9 | 30.5 | 27.45 | 26.08 | |
Common Stock Total Equity | 124.2M | 150.0M | 191.6M | 149.6M | 172.1M | 180.7M | |
Property Plant And Equipment Gross | 78.1M | 96.6M | 76.7M | 87.4M | 105.7M | 115.8M | |
Non Currrent Assets Other | (101.8K) | (95.6K) | (112.3K) | (139.4K) | (125.5K) | (119.2K) | |
Net Tangible Assets | 176.7M | 125.7M | 120.2M | 116.1M | 133.5M | 124.9M | |
Net Invested Capital | 121.9M | 176.8M | 125.7M | 120.3M | 116.1M | 136.6M | |
Long Term Investments | 5.1M | 5.6M | 496.5K | 496.7K | 283.1K | 56.5K | |
Net Working Capital | 37.1M | 71.7M | 46.4M | 29.3M | 5.2M | 21.4M | |
Capital Stock | 114.3M | 140.3M | 149.6M | 153.7M | 155.8M | 182.0M |
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
0.79 | ERIC | Telefonaktiebolaget Aggressive Push | PairCorr |
Moving against New Stock
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.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.