NGEx Historical Financial Ratios
| NGEX Stock | 13.32 0.23 1.76% |
NGEx Minerals is lately reporting on over 66 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Days Sales Outstanding of 0.0 will help investors to properly organize and evaluate NGEx Minerals financial condition quickly.
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About NGEx Financial Ratios Analysis
NGEx MineralsFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate NGEx Minerals investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on NGEx financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across NGEx Minerals history.
NGEx Minerals Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing NGEx Minerals stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on NGEx Minerals sales, a figure that is much harder to manipulate than other NGEx Minerals multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Invested Capital
Invested capital represents the total cash investment that shareholders and debt holders have contributed to NGEx Minerals. There are two different methods for calculating NGEx Minerals invested capital: operating approach and financing approach. Understanding NGEx Minerals invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.Operating Cash Flow Per Share
A measure of the cash generated from a company's normal business operations per share, indicating how much cash is generated from a company's business operations on a per-share basis.Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.Free Cash Flow Per Share
The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.Most ratios from NGEx Minerals' fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into NGEx Minerals current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, 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 NGEx Minerals. 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. At this time, NGEx Minerals' Capex Per Share is very stable compared to the past year. As of the 19th of December 2024, Graham Net Net is likely to grow to 0.40, while PTB Ratio is likely to drop 11.14.
| 2021 | 2022 | 2023 | 2024 (projected) | PB Ratio | 10.29 | 20.47 | 19.36 | 11.14 | Capex To Depreciation | 14.27 | 10.28 | 18.77 | 17.83 |
NGEx Minerals fundamentals Correlations
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NGEx Minerals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with NGEx Minerals
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 NGEx Minerals 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 NGEx Minerals will appreciate offsetting losses from the drop in the long position's value.Moving against NGEx Stock
The ability to find closely correlated positions to NGEx Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NGEx Minerals 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 NGEx Minerals - 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 NGEx Minerals to buy it.
The correlation of NGEx Minerals 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 NGEx Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NGEx Minerals 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 NGEx Minerals 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.Other Information on Investing in NGEx Stock
NGEx MineralsFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate NGEx Minerals investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on NGEx financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across NGEx Minerals history.