New Invested Capital vs Ptb Ratio Analysis

NUAG Stock

CAD 1.76 0.01 0.56%

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 Invested Capital and its Ptb Ratio 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 board of governors.

Invested Capital vs Ptb Ratio

Invested Capital vs Ptb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Pacific Metals Invested Capital account and Ptb Ratio. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between New Pacific's Invested Capital and Ptb Ratio is -0.04. Overlapping area represents the amount of variation of Invested Capital that can explain the historical movement of Ptb Ratio 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 Invested Capital and Ptb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Invested Capital of New Pacific Metals are associated (or correlated) with its Ptb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ptb Ratio has no effect on the direction of Invested Capital i.e., New Pacific's Invested Capital and Ptb Ratio go up and down completely randomly.

Correlation Coefficient

-0.04

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Invested Capital

Invested capital represents the total cash investment that shareholders and debt holders have contributed to New Pacific Metals. There are two different methods for calculating New Pacific Metals invested capital: operating approach and financing approach. Understanding New Pacific invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

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 board of governors.

As of the 28th of December 2024, Selling General Administrative is likely to grow to about 6.9 M, while Issuance Of Capital Stock is likely to drop about 15.4 M.

New Pacific fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Investments	Non Current Liabilities Total	Common Stock Total Equity	Common Stock	Net Tangible Assets	Net Invested Capital
Total Assets		0.53	0.56	1.0	0.96	-0.43	-0.65	0.56	0.61	0.97	-0.32	0.74	0.32	0.31	0.95	0.81	0.17	-0.3	0.57	0.56	-0.24	-0.03	0.96	0.9	0.9	0.9
Other Current Liab	0.53		0.79	0.52	0.52	-0.32	-0.43	0.54	0.42	0.51	-0.52	0.46	0.18	0.74	0.48	0.53	0.03	-0.09	0.78	0.3	-0.31	0.22	0.48	0.56	0.37	0.38
Total Current Liabilities	0.56	0.79		0.55	0.54	-0.39	-0.51	0.93	0.39	0.56	-0.17	0.43	0.25	0.84	0.59	0.49	-0.03	-0.24	1.0	0.28	-0.28	0.5	0.57	0.66	0.53	0.53
Total Stockholder Equity	1.0	0.52	0.55		0.96	-0.43	-0.65	0.55	0.61	0.97	-0.32	0.74	0.32	0.29	0.95	0.8	0.17	-0.3	0.56	0.56	-0.24	-0.04	0.96	0.9	0.9	0.9
Property Plant And Equipment Net	0.96	0.52	0.54	0.96		-0.22	-0.72	0.56	0.43	1.0	-0.35	0.88	0.06	0.27	0.93	0.88	0.0	-0.33	0.55	0.32	-0.38	0.0	0.95	0.87	0.83	0.84
Net Debt	-0.43	-0.32	-0.39	-0.43	-0.22		0.09	-0.31	-0.94	-0.23	0.16	0.09	-0.9	-0.36	-0.36	-0.2	-0.25	-0.04	-0.39	-0.85	0.09	-0.04	-0.34	-0.45	-0.43	-0.42
Retained Earnings	-0.65	-0.43	-0.51	-0.65	-0.72	0.09		-0.57	-0.29	-0.72	0.32	-0.82	0.13	-0.21	-0.82	-0.81	0.11	0.44	-0.51	-0.08	0.56	0.07	-0.81	-0.74	-0.61	-0.62
Accounts Payable	0.56	0.54	0.93	0.55	0.56	-0.31	-0.57		0.31	0.58	0.04	0.45	0.18	0.7	0.64	0.48	-0.09	-0.33	0.93	0.19	-0.26	0.56	0.61	0.69	0.6	0.6
Cash	0.61	0.42	0.39	0.61	0.43	-0.94	-0.29	0.31		0.43	-0.27	0.16	0.79	0.32	0.55	0.42	0.2	-0.03	0.39	0.86	-0.22	-0.03	0.54	0.62	0.57	0.57
Non Current Assets Total	0.97	0.51	0.56	0.97	1.0	-0.23	-0.72	0.58	0.43		-0.34	0.87	0.08	0.28	0.94	0.87	0.03	-0.35	0.57	0.33	-0.36	0.0	0.96	0.88	0.85	0.86
Non Currrent Assets Other	-0.32	-0.52	-0.17	-0.32	-0.35	0.16	0.32	0.04	-0.27	-0.34		-0.48	0.06	-0.2	-0.26	-0.54	-0.16	0.27	-0.18	-0.09	0.49	0.3	-0.34	-0.32	-0.21	-0.22
Other Assets	0.74	0.46	0.43	0.74	0.88	0.09	-0.82	0.45	0.16	0.87	-0.48		-0.34	0.19	0.77	0.92	-0.26	-0.39	0.44	-0.08	-0.64	-0.03	0.81	0.7	0.59	0.6
Cash And Short Term Investments	0.32	0.18	0.25	0.32	0.06	-0.9	0.13	0.18	0.79	0.08	0.06	-0.34		0.25	0.25	-0.08	0.42	0.13	0.25	0.93	0.36	-0.05	0.19	0.3	0.35	0.34
Net Receivables	0.31	0.74	0.84	0.29	0.27	-0.36	-0.21	0.7	0.32	0.28	-0.2	0.19	0.25		0.28	0.34	-0.02	-0.2	0.83	0.24	-0.2	0.67	0.28	0.37	0.23	0.23
Common Stock Shares Outstanding	0.95	0.48	0.59	0.95	0.93	-0.36	-0.82	0.64	0.55	0.94	-0.26	0.77	0.25	0.28		0.8	0.14	-0.37	0.61	0.49	-0.27	-0.05	0.98	0.92	0.9	0.91
Inventory	0.81	0.53	0.49	0.8	0.88	-0.2	-0.81	0.48	0.42	0.87	-0.54	0.92	-0.08	0.34	0.8		-0.11	-0.41	0.49	0.16	-0.66	0.05	0.86	0.78	0.66	0.67
Other Current Assets	0.17	0.03	-0.03	0.17	0.0	-0.25	0.11	-0.09	0.2	0.03	-0.16	-0.26	0.42	-0.02	0.14	-0.11		-0.12	-0.03	0.53	0.42	-0.16	0.16	0.15	0.38	0.37
Other Stockholder Equity	-0.3	-0.09	-0.24	-0.3	-0.33	-0.04	0.44	-0.33	-0.03	-0.35	0.27	-0.39	0.13	-0.2	-0.37	-0.41	-0.12		-0.25	0.01	0.2	-0.15	-0.44	-0.39	-0.46	-0.46
Total Liab	0.57	0.78	1.0	0.56	0.55	-0.39	-0.51	0.93	0.39	0.57	-0.18	0.44	0.25	0.83	0.61	0.49	-0.03	-0.25		0.28	-0.27	0.49	0.58	0.67	0.55	0.54
Total Current Assets	0.56	0.3	0.28	0.56	0.32	-0.85	-0.08	0.19	0.86	0.33	-0.09	-0.08	0.93	0.24	0.49	0.16	0.53	0.01	0.28		0.27	-0.12	0.45	0.49	0.57	0.56
Short Term Investments	-0.24	-0.31	-0.28	-0.24	-0.38	0.09	0.56	-0.26	-0.22	-0.36	0.49	-0.64	0.36	-0.2	-0.27	-0.66	0.42	0.2	-0.27	0.27		-0.17	-0.35	-0.32	-0.15	-0.16
Non Current Liabilities Total	-0.03	0.22	0.5	-0.04	0.0	-0.04	0.07	0.56	-0.03	0.0	0.3	-0.03	-0.05	0.67	-0.05	0.05	-0.16	-0.15	0.49	-0.12	-0.17		0.0	0.05	0.08	0.08
Common Stock Total Equity	0.96	0.48	0.57	0.96	0.95	-0.34	-0.81	0.61	0.54	0.96	-0.34	0.81	0.19	0.28	0.98	0.86	0.16	-0.44	0.58	0.45	-0.35	0.0		0.92	0.93	0.93
Common Stock	0.9	0.56	0.66	0.9	0.87	-0.45	-0.74	0.69	0.62	0.88	-0.32	0.7	0.3	0.37	0.92	0.78	0.15	-0.39	0.67	0.49	-0.32	0.05	0.92		0.89	0.89
Net Tangible Assets	0.9	0.37	0.53	0.9	0.83	-0.43	-0.61	0.6	0.57	0.85	-0.21	0.59	0.35	0.23	0.9	0.66	0.38	-0.46	0.55	0.57	-0.15	0.08	0.93	0.89		1.0
Net Invested Capital	0.9	0.38	0.53	0.9	0.84	-0.42	-0.62	0.6	0.57	0.86	-0.22	0.6	0.34	0.23	0.91	0.67	0.37	-0.46	0.54	0.56	-0.16	0.08	0.93	0.89	1.0

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New Pacific Account Relationship Matchups

New Pacific fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	130.9M	126.8M	124.1M	118.3M	137.7M	144.5M
Other Current Liab	957.0K	467.9K	1.8M	945.1K	1.1M	726.7K
Total Current Liabilities	1.5M	1.1M	3.9M	2.3M	1.2M	1.1M
Total Stockholder Equity	129.5M	125.7M	120.3M	116.1M	136.6M	143.4M
Property Plant And Equipment Net	70.7M	76.7M	86.8M	104.9M	115.0M	120.8M
Net Debt	(29.8M)	(46.4M)	(29.3M)	(6.3M)	(5.7M)	(6.0M)
Retained Earnings	(31.8M)	(54.1M)	(60.5M)	(68.6M)	(74.6M)	(70.9M)
Accounts Payable	539.2K	626.7K	2.1M	1.4M	575.3K	496.2K
Cash	29.8M	46.4M	29.3M	6.3M	22.0M	13.5M
Non Current Assets Total	76.9M	79.4M	90.9M	110.8M	115.1M	120.8M
Non Currrent Assets Other	(101.8K)	(95.6K)	(112.3K)	(139.4K)	(125.5K)	(119.2K)
Cash And Short Term Investments	44.9M	46.6M	29.5M	6.5M	7.5M	7.1M
Net Receivables	303.6K	343.6K	3.2M	421.9K	51.3K	48.8K
Common Stock Shares Outstanding	150.7M	153.3M	155.6M	156.9M	171.3M	179.9M
Liabilities And Stockholders Equity	130.9M	126.8M	124.1M	118.3M	136.1M	142.9M
Other Current Assets	8.7M	523.1K	479.3K	558.85	642.68	610.54
Other Stockholder Equity	(142.9K)	(118.4K)	(119.9K)	(115.5K)	(104.0K)	(98.8K)
Total Liab	1.5M	1.1M	3.9M	2.3M	1.2M	1.1M
Total Current Assets	54.0M	47.5M	33.2M	7.5M	22.6M	21.3M
Accumulated Other Comprehensive Income	4.8M	13.6M	11.7M	10.2M	11.8M	12.4M
Short Term Investments	15.1M	143.9K	192.4K	198.4K	258.7K	245.8K
Common Stock	140.3M	149.6M	153.7M	155.8M	179.2M	97.6M
Net Tangible Assets	176.7M	125.7M	120.2M	116.1M	133.5M	124.9M
Net Invested Capital	176.8M	125.7M	120.3M	116.1M	136.6M	128.1M
Long Term Investments	5.6M	496.5K	496.7K	283.1K	56.5K	53.7K
Net Working Capital	71.7M	46.4M	29.3M	5.2M	21.4M	26.2M
Property Plant Equipment	96.5M	76.6M	86.7M	104.9M	120.7M	80.6M
Capital Stock	140.3M	149.6M	153.7M	155.8M	182.0M	164.2M
Intangible Assets	121.5	91.51	60.9	30.5	35.07	66.98

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

0.89	AG	First Majestic Silver	Pair Corr
0.76	IE	Ivanhoe Energy	Pair Corr

Moving against New Stock

0.51	OM	Osisko Metals	Pair Corr
0.49	DBO	D Box Technologies	Pair Corr
0.47	AQN-PD	Algonquin Power Utilities	Pair Corr
0.44	MAC	Themac Resources	Pair Corr
0.43	ENB-PH	Enbridge H Cum	Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether New Pacific Metals is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if New Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about New Pacific Metals Stock. Highlighted below are key reports to facilitate an investment decision about New Pacific Metals Stock:

How To Invest In New

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Is New Stock a good investment?

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What is New Pacific's Net Worth?

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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 board of governors.

You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

Please note, there is a significant difference between New Pacific's value and its price as these two are different measures arrived at by different means. Investors typically determine if New Pacific is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New Pacific's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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New Invested Capital vs Ptb Ratio Analysis

Invested Capital vs Ptb Ratio

Invested Capital vs Ptb Ratio Correlation Analysis

Correlation Coefficient

Invested Capital

Ptb Ratio

New Pacific fundamental ratios Correlations

New Pacific Account Relationship Matchups

High Positive Relationship

High Negative Relationship

New Pacific fundamental ratios Accounts

Pair Trading with New Pacific

Moving together with New Stock

Moving against New Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Net Invested Capital	+ 1.0	Net Tangible Assets
Common Stock Total Equity	+ 0.98	Common Stock Shares Outstanding
Non Current Assets Total	+ 0.97	Total Assets

Cash	- 0.94	Net Debt
Cash And Short Term Investments	- 0.9	Net Debt
Total Current Assets	- 0.85	Net Debt
Common Stock Shares Outstanding	- 0.82	Retained Earnings
Other Assets	- 0.82	Retained Earnings
Common Stock Total Equity	- 0.81	Retained Earnings