Northern Graphite Shares Outstanding vs. Market Capitalization
| NGC Stock | CAD 0.16 0.01 5.88% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.19 | 0.1128 |
|
|
For Northern Graphite profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Northern Graphite to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Northern Graphite utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Northern Graphite's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Northern Graphite over time as well as its relative position and ranking within its peers.
Northern |
Northern Graphite Market Capitalization vs. Shares Outstanding Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Northern Graphite's current stock value. Our valuation model uses many indicators to compare Northern Graphite value to that of its competitors to determine the firm's financial worth. Northern Graphite is regarded fourth in shares outstanding category among its peers. It is regarded second in market capitalization category among its peers creating about 0.16 of Market Capitalization per Shares Outstanding. The ratio of Shares Outstanding to Market Capitalization for Northern Graphite is roughly 6.25 . At this time, Northern Graphite's Market Cap 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 Northern Graphite's earnings, one of the primary drivers of an investment's value.Northern Market Capitalization vs. Shares Outstanding
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Northern Graphite |
| = | 131.1 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
Northern Graphite |
| = | 20.98 M |
In most publications or references market cap is broken down into the mega-cap, large-cap, mid-cap, small-cap, micro-cap, and nano-cap. Market Cap is a measurement of business as total market value of all of the outstanding shares at a given time, and can be used to compare different companies based on their size.
Northern Market Capitalization vs Competition
Northern Graphite is regarded second in market capitalization category among its peers. Market capitalization of Materials industry is now estimated at about 154.39 Million. Northern Graphite retains roughly 20.98 Million in market capitalization claiming about 14% of all equities under Materials industry.
Northern Graphite Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Northern Graphite, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Northern Graphite will eventually generate negative long term returns. The profitability progress is the general direction of Northern Graphite's change in net profit over the period of time. It can combine multiple indicators of Northern Graphite, 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 | 7.8 M | 8.2 M | |
| Operating Income | -15.2 M | -14.4 M | |
| Income Before Tax | -24.4 M | -23.1 M | |
| Total Other Income Expense Net | -9.2 M | -8.7 M | |
| Net Loss | -23.6 M | -22.5 M | |
| Income Tax Expense | -722 K | -685.9 K | |
| Net Loss | -23.6 M | -22.5 M | |
| Net Loss | -2.9 M | -2.8 M | |
| Net Interest Income | -6.5 M | -6.2 M | |
| Interest Income | 75 K | 53.2 K | |
| Change To Netincome | 495 K | 289.1 K | |
| Net Loss | (0.18) | (0.17) | |
| Income Quality | 0.20 | 0.19 | |
| Net Income Per E B T | 0.97 | 0.78 |
Northern Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Northern Graphite. 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 Northern Graphite 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 Northern Graphite's important profitability drivers and their relationship over time.
Use Northern Graphite 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 Northern Graphite 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 Northern Graphite will appreciate offsetting losses from the drop in the long position's value.Northern Graphite Pair Trading
Northern Graphite Pair Trading Analysis
The ability to find closely correlated positions to Northern Graphite could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Northern Graphite 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 Northern Graphite - 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 Northern Graphite to buy it.
The correlation of Northern Graphite 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 Northern Graphite moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Northern Graphite 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 Northern Graphite 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 Northern Graphite position
In addition to having Northern Graphite 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 Monster Funds Thematic Idea Now
Monster Funds
Solid funds with above average long term performance indicators based on Macroaxis rating system. The Monster Funds theme has 50 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 Monster Funds Theme or any other thematic opportunities.
| View All Next | Launch |
Additional Tools for Northern Stock Analysis
When running Northern Graphite's price analysis, check to measure Northern Graphite'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 Northern Graphite is operating at the current time. Most of Northern Graphite's value examination focuses on studying past and present price action to predict the probability of Northern Graphite's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northern Graphite's price. Additionally, you may evaluate how the addition of Northern Graphite to your portfolios can decrease your overall portfolio volatility.