NioCorp Developments Return On Equity vs. Earnings Per Share
| NB Stock | 1.31 0.01 0.77% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter (11.44) | Current Value (10.86) | Quarterly Volatility 3.83417355 |
For NioCorp Developments profitability analysis, we use financial ratios and fundamental drivers that measure the ability of NioCorp Developments to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well NioCorp Developments Ltd utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between NioCorp Developments's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of NioCorp Developments Ltd over time as well as its relative position and ranking within its peers.
NioCorp |
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NioCorp Developments. If investors know NioCorp will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NioCorp Developments listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.27) | Return On Assets (0.42) | Return On Equity (7.72) |
The market value of NioCorp Developments is measured differently than its book value, which is the value of NioCorp that is recorded on the company's balance sheet. Investors also form their own opinion of NioCorp Developments' value that differs from its market value or its book value, called intrinsic value, which is NioCorp Developments' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NioCorp Developments' market value can be influenced by many factors that don't directly affect NioCorp Developments' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NioCorp Developments' value and its price as these two are different measures arrived at by different means. Investors typically determine if NioCorp Developments is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NioCorp Developments' 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.
NioCorp Developments Earnings Per Share vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining NioCorp Developments's current stock value. Our valuation model uses many indicators to compare NioCorp Developments value to that of its competitors to determine the firm's financial worth. NioCorp Developments Ltd is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in earnings per share category among its peers . At present, NioCorp Developments' Return On Equity is projected to slightly decrease based on the last few years of reporting. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the NioCorp Developments' earnings, one of the primary drivers of an investment's value.NioCorp Earnings Per Share vs. Return On Equity
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
NioCorp Developments |
| = | -7.72 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
Earnings per Share (EPS) denotes the portion of a company's earnings that is allocated to each share of common stock. To calculate Earnings per Share investors will need to take a company's net income, subtract any dividends for preferred stock, and divide it by the number of average outstanding shares. EPS is usually presented in two different ways: basic and diluted. Fully diluted Earnings per Share takes into account effects of warrants, options, and convertible securities and is generally viewed by analysts as a more accurate measure.
NioCorp Developments |
| = | (0.27) X |
Earnings per Share is one of the most critical measures of the firm's current share price and is used by investors to determine the overall company profitability, especially when compared to the EPS of similar companies.
NioCorp Earnings Per Share Comparison
NioCorp Developments is currently under evaluation in earnings per share category among its peers.
NioCorp Developments Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in NioCorp Developments, profitability is also one of the essential criteria for including it into their portfolios because, without profit, NioCorp Developments will eventually generate negative long term returns. The profitability progress is the general direction of NioCorp Developments' change in net profit over the period of time. It can combine multiple indicators of NioCorp Developments, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -819.9 K | -860.9 K | |
| Net Interest Income | -4.5 M | -4.3 M | |
| Operating Income | -13.8 M | -14.4 M | |
| Net Loss | -11.9 M | -12.5 M | |
| Income Before Tax | -12 M | -12.6 M | |
| Total Other Income Expense Net | 1.7 M | 1.8 M | |
| Net Loss | -11.9 M | -12.5 M | |
| Net Loss | -34.5 M | -32.7 M | |
| Income Tax Expense | -139 K | -132.1 K | |
| Change To Netincome | 24 M | 25.2 M | |
| Net Loss | (0.33) | (0.35) | |
| Income Quality | 0.99 | 0.83 | |
| Net Income Per E B T | 0.95 | 1.07 |
NioCorp Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on NioCorp Developments. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of NioCorp Developments position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the NioCorp Developments' important profitability drivers and their relationship over time.
Use NioCorp Developments in pair-trading
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 NioCorp Developments 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 NioCorp Developments will appreciate offsetting losses from the drop in the long position's value.NioCorp Developments Pair Trading
NioCorp Developments Ltd Pair Trading Analysis
The ability to find closely correlated positions to NioCorp Developments could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NioCorp Developments 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 NioCorp Developments - 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 NioCorp Developments Ltd to buy it.
The correlation of NioCorp Developments 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 NioCorp Developments moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NioCorp Developments 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 NioCorp Developments 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.Use Investing Themes to Complement your NioCorp Developments position
In addition to having NioCorp Developments in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Synthetics Thematic Idea Now
Synthetics
Companies involved in production of silicon and other synthetic products . The Synthetics theme has 40 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Synthetics Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Correlation Analysis. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
To fully project NioCorp Developments' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of NioCorp Developments at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include NioCorp Developments' income statement, its balance sheet, and the statement of cash flows.