NGEx Average Payables vs Free Cash Flow Yield Analysis

NGEX Stock   13.22  0.10  0.75%   
NGEx Minerals financial indicator trend analysis is infinitely more than just investigating NGEx Minerals recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NGEx Minerals is a good investment. Please check the relationship between NGEx Minerals Average Payables and its Free Cash Flow Yield accounts. 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.

Average Payables vs Free Cash Flow Yield

Average Payables vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NGEx Minerals Average Payables account and Free Cash Flow Yield. At this time, the significance of the direction appears to have significant contrarian relationship.
Average PayablesFree Cash Flow YieldDiversified AwayAverage PayablesFree Cash Flow YieldDiversified Away100%
The correlation between NGEx Minerals' Average Payables and Free Cash Flow Yield is -0.48. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of NGEx Minerals, assuming nothing else is changed. The correlation between historical values of NGEx Minerals' Average Payables and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Payables of NGEx Minerals are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Average Payables i.e., NGEx Minerals' Average Payables and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

-0.48
Relationship DirectionNegative 
Relationship StrengthVery Weak

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 Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.
Most indicators from NGEx Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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' Selling General Administrative is very stable compared to the past year. As of the 23rd of December 2024, Issuance Of Capital Stock is likely to grow to about 89.9 M, while Enterprise Value Over EBITDA is likely to drop (29.22).

NGEx Minerals fundamental ratios Correlations

0.310.771.0-0.75-1.0-0.970.771.0-0.651.00.910.580.980.771.00.87-0.920.520.65-0.481.0-0.920.911.00.63
0.310.350.310.36-0.3-0.310.320.280.50.30.40.240.280.30.30.42-0.080.170.23-0.180.250.050.40.250.22
0.770.350.74-0.65-0.8-0.881.00.78-0.310.750.960.930.841.00.770.9-0.850.870.93-0.870.76-0.620.90.760.89
1.00.310.74-0.74-0.99-0.960.741.0-0.661.00.890.530.970.731.00.86-0.910.470.6-0.431.0-0.920.91.00.58
-0.750.36-0.65-0.740.770.77-0.66-0.780.91-0.75-0.68-0.59-0.78-0.67-0.76-0.610.89-0.57-0.640.54-0.780.9-0.65-0.79-0.62
-1.0-0.3-0.8-0.990.770.97-0.8-1.00.65-0.99-0.92-0.6-0.98-0.8-1.0-0.90.95-0.53-0.660.5-0.990.92-0.93-1.0-0.63
-0.97-0.31-0.88-0.960.770.97-0.88-0.970.59-0.97-0.97-0.71-1.0-0.88-0.97-0.920.93-0.66-0.770.63-0.970.86-0.94-0.97-0.75
0.770.321.00.74-0.66-0.8-0.880.78-0.330.750.960.930.841.00.770.9-0.860.870.94-0.870.76-0.630.90.760.9
1.00.280.781.0-0.78-1.0-0.970.78-0.671.00.910.590.980.781.00.88-0.940.530.65-0.491.0-0.930.911.00.63
-0.650.5-0.31-0.660.910.650.59-0.33-0.67-0.66-0.42-0.2-0.63-0.33-0.66-0.390.72-0.19-0.280.15-0.70.87-0.44-0.7-0.26
1.00.30.751.0-0.75-0.99-0.970.751.0-0.660.890.550.980.751.00.87-0.920.490.62-0.451.0-0.920.91.00.6
0.910.40.960.89-0.68-0.92-0.970.960.91-0.420.890.810.940.960.910.96-0.90.740.84-0.730.9-0.740.970.90.81
0.580.240.930.53-0.59-0.6-0.710.930.59-0.20.550.810.670.930.580.68-0.730.990.99-0.990.56-0.480.680.560.98
0.980.280.840.97-0.78-0.98-1.00.840.98-0.630.980.940.670.840.980.89-0.930.620.74-0.590.98-0.880.920.980.72
0.770.31.00.73-0.67-0.8-0.881.00.78-0.330.750.960.930.840.770.89-0.860.880.94-0.880.76-0.630.890.760.9
1.00.30.771.0-0.76-1.0-0.970.771.0-0.661.00.910.580.980.770.87-0.930.520.65-0.481.0-0.920.911.00.62
0.870.420.90.86-0.61-0.9-0.920.90.88-0.390.870.960.680.890.890.87-0.860.580.7-0.570.87-0.71.00.870.64
-0.92-0.08-0.85-0.910.890.950.93-0.86-0.940.72-0.92-0.9-0.73-0.93-0.86-0.93-0.86-0.66-0.760.64-0.930.93-0.89-0.93-0.73
0.520.170.870.47-0.57-0.53-0.660.870.53-0.190.490.740.990.620.880.520.58-0.660.99-1.00.5-0.430.580.50.99
0.650.230.930.6-0.64-0.66-0.770.940.65-0.280.620.840.990.740.940.650.7-0.760.99-0.980.63-0.550.710.630.99
-0.48-0.18-0.87-0.430.540.50.63-0.87-0.490.15-0.45-0.73-0.99-0.59-0.88-0.48-0.570.64-1.0-0.98-0.460.39-0.57-0.46-0.98
1.00.250.761.0-0.78-0.99-0.970.761.0-0.71.00.90.560.980.761.00.87-0.930.50.63-0.46-0.930.911.00.61
-0.920.05-0.62-0.920.90.920.86-0.63-0.930.87-0.92-0.74-0.48-0.88-0.63-0.92-0.70.93-0.43-0.550.39-0.93-0.74-0.93-0.52
0.910.40.90.9-0.65-0.93-0.940.90.91-0.440.90.970.680.920.890.911.0-0.890.580.71-0.570.91-0.740.910.65
1.00.250.761.0-0.79-1.0-0.970.761.0-0.71.00.90.560.980.761.00.87-0.930.50.63-0.461.0-0.930.910.6
0.630.220.890.58-0.62-0.63-0.750.90.63-0.260.60.810.980.720.90.620.64-0.730.990.99-0.980.61-0.520.650.6
Click cells to compare fundamentals

NGEx Minerals Account Relationship Matchups

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

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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.
Pair CorrelationCorrelation Matching

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.