NervGen Roic vs Book Value Per Share Analysis

NGEN Stock  CAD 2.90  0.10  3.33%   
NervGen Pharma financial indicator trend analysis is infinitely more than just investigating NervGen Pharma Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NervGen Pharma Corp is a good investment. Please check the relationship between NervGen Pharma Roic and its Book Value Per Share accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NervGen Pharma Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Roic vs Book Value Per Share

Roic vs Book Value Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NervGen Pharma Corp Roic account and Book Value Per Share. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between NervGen Pharma's Roic and Book Value Per Share is -0.11. Overlapping area represents the amount of variation of Roic that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of NervGen Pharma Corp, assuming nothing else is changed. The correlation between historical values of NervGen Pharma's Roic and Book Value Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Roic of NervGen Pharma Corp are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Roic i.e., NervGen Pharma's Roic and Book Value Per Share go up and down completely randomly.

Correlation Coefficient

-0.11
Relationship DirectionNegative 
Relationship StrengthInsignificant

Roic

Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.
Most indicators from NervGen Pharma's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NervGen Pharma Corp 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 NervGen Pharma Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Selling General Administrative is likely to drop to about 4.9 M in 2024. Issuance Of Capital Stock is expected to grow at the current pace this year

NervGen Pharma fundamental ratios Correlations

0.660.660.720.94-0.820.840.850.77-0.320.840.66-0.320.720.7-0.32-0.930.850.430.460.870.94-0.790.870.780.68
0.661.0-0.040.66-0.950.60.690.52-0.840.871.0-0.84-0.04-0.07-0.84-0.860.930.830.270.90.81-0.690.920.870.99
0.661.0-0.040.66-0.950.60.70.54-0.850.871.0-0.85-0.04-0.07-0.85-0.860.930.840.290.90.81-0.690.920.860.99
0.72-0.04-0.040.64-0.220.550.480.530.320.29-0.030.321.01.00.32-0.450.28-0.190.360.350.5-0.470.320.22-0.01
0.940.660.660.64-0.850.640.840.81-0.370.860.66-0.370.640.61-0.37-0.920.860.560.460.890.96-0.680.880.670.64
-0.82-0.95-0.95-0.22-0.85-0.63-0.81-0.690.76-0.92-0.950.76-0.22-0.190.760.95-0.98-0.82-0.38-0.99-0.930.79-0.99-0.83-0.93
0.840.60.60.550.64-0.630.760.62-0.20.670.61-0.20.550.54-0.2-0.730.660.260.520.650.73-0.680.670.850.67
0.850.690.70.480.84-0.810.760.97-0.440.770.71-0.440.480.44-0.44-0.80.770.610.590.810.85-0.70.820.70.69
0.770.520.540.530.81-0.690.620.97-0.320.630.54-0.320.530.5-0.32-0.670.640.550.620.710.75-0.620.70.50.5
-0.32-0.84-0.850.32-0.370.76-0.2-0.44-0.32-0.52-0.851.00.320.341.00.59-0.74-0.9-0.18-0.7-0.480.6-0.73-0.48-0.79
0.840.870.870.290.86-0.920.670.770.63-0.520.87-0.520.290.26-0.52-0.930.920.630.250.910.96-0.60.910.90.88
0.661.01.0-0.030.66-0.950.610.710.54-0.850.87-0.85-0.03-0.06-0.85-0.860.930.840.290.90.81-0.690.920.860.99
-0.32-0.84-0.850.32-0.370.76-0.2-0.44-0.321.0-0.52-0.850.320.341.00.59-0.74-0.9-0.18-0.7-0.480.6-0.73-0.48-0.79
0.72-0.04-0.041.00.64-0.220.550.480.530.320.29-0.030.321.00.32-0.450.28-0.190.360.350.5-0.470.320.22-0.01
0.7-0.07-0.071.00.61-0.190.540.440.50.340.26-0.060.341.00.34-0.430.26-0.220.330.320.47-0.450.290.2-0.03
-0.32-0.84-0.850.32-0.370.76-0.2-0.44-0.321.0-0.52-0.851.00.320.340.59-0.74-0.9-0.18-0.7-0.480.6-0.73-0.48-0.79
-0.93-0.86-0.86-0.45-0.920.95-0.73-0.8-0.670.59-0.93-0.860.59-0.45-0.430.59-0.98-0.64-0.33-0.97-0.970.8-0.97-0.85-0.86
0.850.930.930.280.86-0.980.660.770.64-0.740.920.93-0.740.280.26-0.74-0.980.760.320.990.93-0.80.990.840.92
0.430.830.84-0.190.56-0.820.260.610.55-0.90.630.84-0.9-0.19-0.22-0.9-0.640.760.480.750.62-0.550.780.490.77
0.460.270.290.360.46-0.380.520.590.62-0.180.250.29-0.180.360.33-0.18-0.330.320.480.360.42-0.440.40.260.26
0.870.90.90.350.89-0.990.650.810.71-0.70.910.9-0.70.350.32-0.7-0.970.990.750.360.95-0.841.00.80.88
0.940.810.810.50.96-0.930.730.850.75-0.480.960.81-0.480.50.47-0.48-0.970.930.620.420.95-0.740.950.840.81
-0.79-0.69-0.69-0.47-0.680.79-0.68-0.7-0.620.6-0.6-0.690.6-0.47-0.450.60.8-0.8-0.55-0.44-0.84-0.74-0.83-0.62-0.69
0.870.920.920.320.88-0.990.670.820.7-0.730.910.92-0.730.320.29-0.73-0.970.990.780.41.00.95-0.830.820.91
0.780.870.860.220.67-0.830.850.70.5-0.480.90.86-0.480.220.2-0.48-0.850.840.490.260.80.84-0.620.820.91
0.680.990.99-0.010.64-0.930.670.690.5-0.790.880.99-0.79-0.01-0.03-0.79-0.860.920.770.260.880.81-0.690.910.91
Click cells to compare fundamentals

NervGen Pharma Account Relationship Matchups

NervGen Pharma fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.8M6.7M17.9M23.9M13.2M11.3M
Other Current Liab172.4K583.3K725.5K8.1M11.7M12.3M
Total Current Liabilities923.9K755.1K1.1M10.2M15.1M15.9M
Total Stockholder Equity5.8M5.9M16.8M13.5M(2.0M)(1.9M)
Net Tangible Assets5.3M5.4M16.3M13.0M15.0M7.7M
Retained Earnings(11.1M)(22.3M)(35.0M)(55.8M)(78.2M)(74.2M)
Accounts Payable751.6K171.8K352.5K2.0M550.4K672.0K
Cash4.1M5.6M16.9M22.5M11.7M9.9M
Non Current Assets Total509.6K473.4K475.8K726.7K720.5K555.8K
Common Stock Shares Outstanding25.9M32.1M39.3M52.6M59.6M41.5M
Liabilities And Stockholders Equity6.8M6.7M17.9M23.9M27.5M28.8M
Total Liab923.9K755.1K1.1M10.4M15.2M16.0M
Net Invested Capital5.8M5.9M16.8M13.5M(2.0M)(1.9M)
Total Current Assets6.3M6.2M17.4M23.1M12.5M10.7M
Net Working Capital5.3M5.4M16.3M12.9M(2.6M)(2.5M)
Net Debt(4.1M)(5.6M)(16.9M)(22.2M)(20.0M)(19.0M)
Cash And Short Term Investments4.1M5.6M16.9M22.5M25.8M27.1M
Net Receivables122.5K62.6K64.0K27.0K250.2K262.7K
Other Current Assets2.0M540.8K427.6K669.9K602.9K594.4K
Other Stockholder Equity1.7M5.3M9.5M11.8M13.6M14.3M
Accumulated Other Comprehensive Income1.7M5.3M9.5M11.8M13.6M14.3M
Capital Stock15.3M22.9M42.4M57.4M58.9M36.8M
Intangible Assets509.6K471.4K473.2K431.4K520.8K393.9K
Common Stock15.3M22.9M42.4M57.4M66.0M69.3M

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