NGEx Historical Balance Sheet
| NGEX Stock | 13.84 0.33 2.44% |
Trend analysis of NGEx Minerals balance sheet accounts such as Total Stockholder Equity of 77.1 M provides information on NGEx Minerals' total assets, liabilities, and equity, which is the actual value of NGEx Minerals to its prevalent stockholders. By breaking down trends over time using NGEx Minerals balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
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About NGEx Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of NGEx Minerals at a specified time, usually calculated after every quarter, six months, or one year. NGEx Minerals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of NGEx Minerals and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which NGEx currently owns. An asset can also be divided into two categories, current and non-current.
NGEx Minerals Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of NGEx Minerals assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in NGEx Minerals books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on NGEx Minerals balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of NGEx Minerals are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Most accounts from NGEx Minerals' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts 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 balance sheet accounts, 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' Total Current Assets are very stable compared to the past year. As of the 24th of December 2024, Net Receivables is likely to grow to about 1.2 M, while Other Current Liabilities is likely to drop about 157.6 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Other Current Liabilities | 16.8K | 186.4K | 302.9K | 157.6K | Total Assets | 25.7M | 32.3M | 81.3M | 85.4M |
NGEx Minerals balance sheet 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
| 0.76 | TD | Toronto Dominion Bank | PairCorr |
| 0.63 | TECK-B | Teck Resources | PairCorr |
| 0.5 | CXB | Calibre Mining Corp | PairCorr |
| 0.36 | IVN | Ivanhoe Mines | PairCorr |
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
Balance Sheet is a snapshot of the financial position of NGEx Minerals at a specified time, usually calculated after every quarter, six months, or one year. NGEx Minerals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of NGEx Minerals and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which NGEx currently owns. An asset can also be divided into two categories, current and non-current.