Newcore Gold Book Value Per Share vs. Current Ratio

NCAU Stock  CAD 0.34  0.01  3.03%   
Based on the measurements of profitability obtained from Newcore Gold's financial statements, Newcore Gold may not be well positioned to generate adequate gross income at the present time. It has a very high likelihood of underperforming in January. Profitability indicators assess Newcore Gold's ability to earn profits and add value for shareholders.
 
Book Value Per Share  
First Reported
2010-12-31
Previous Quarter
0.29637511
Current Value
0.24
Quarterly Volatility
0.26921013
 
Credit Downgrade
 
Yuan Drop
 
Covid
At this time, Newcore Gold's Average Payables is fairly stable compared to the past year. Capex To Depreciation is likely to climb to 675.37 in 2024, whereas Book Value Per Share is likely to drop 0.24 in 2024.
For Newcore Gold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Newcore Gold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Newcore Gold utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Newcore Gold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Newcore Gold over time as well as its relative position and ranking within its peers.
  
Check out Correlation Analysis.
Please note, there is a significant difference between Newcore Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Newcore Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Newcore Gold'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.

Newcore Gold Current Ratio vs. Book Value Per Share Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Newcore Gold's current stock value. Our valuation model uses many indicators to compare Newcore Gold value to that of its competitors to determine the firm's financial worth.
Newcore Gold is regarded second in book value per share category among its peers. It is considered to be number one stock in current ratio category among its peers fabricating about  34.53  of Current Ratio per Book Value Per Share. At this time, Newcore Gold's Book Value Per Share is fairly stable compared to the past year. 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 Newcore Gold's earnings, one of the primary drivers of an investment's value.

Newcore Current Ratio vs. Book Value Per Share

Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.

Newcore Gold

Book Value per Share

 = 

Common Equity

Average Shares

 = 
0.27 X
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.

Newcore Gold

Current Ratio

 = 

Current Asset

Current Liabilities

 = 
9.22 X
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).

Newcore Current Ratio Comparison

Newcore Gold is currently under evaluation in current ratio category among its peers.

Newcore Gold Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Newcore Gold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Newcore Gold will eventually generate negative long term returns. The profitability progress is the general direction of Newcore Gold's change in net profit over the period of time. It can combine multiple indicators of Newcore Gold, 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 ReportedProjected for Next Year
Net Interest Income181.3 K190.3 K
Interest Income181.3 K190.3 K
Operating Income-2.4 M-2.5 M
Net Loss-2.4 M-2.5 M
Income Before Tax-2.4 M-2.5 M
Total Other Income Expense Net-182.7 K-173.6 K
Net Loss-3.6 M-3.4 M
Net Loss-2.4 M-2.5 M
Change To Netincome1.6 M1.6 M
Net Loss(0.02)(0.02)
Income Quality 0.82  0.54 
Net Income Per E B T 0.90  0.80 

Newcore Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Newcore Gold. 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 Newcore Gold 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 Newcore Gold's important profitability drivers and their relationship over time.

Use Newcore Gold 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 Newcore Gold 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 Newcore Gold will appreciate offsetting losses from the drop in the long position's value.

Newcore Gold Pair Trading

Newcore Gold Pair Trading Analysis

The ability to find closely correlated positions to Newcore Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Newcore Gold 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 Newcore Gold - 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 Newcore Gold to buy it.
The correlation of Newcore Gold 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 Newcore Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Newcore Gold 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 Newcore Gold 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

Use Investing Themes to Complement your Newcore Gold position

In addition to having Newcore Gold 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 Construction Thematic Idea Now

Construction
Construction Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Construction theme has 61 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 Construction Theme or any other thematic opportunities.
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Additional Tools for Newcore Stock Analysis

When running Newcore Gold's price analysis, check to measure Newcore Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Newcore Gold is operating at the current time. Most of Newcore Gold's value examination focuses on studying past and present price action to predict the probability of Newcore Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Newcore Gold's price. Additionally, you may evaluate how the addition of Newcore Gold to your portfolios can decrease your overall portfolio volatility.