NGEx Minerals Return On Equity vs. Total Debt
| NGEX Stock | 13.09 0.74 5.99% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter (0.51) | Current Value (0.54) | Quarterly Volatility 0.30018822 |
For NGEx Minerals profitability analysis, we use financial ratios and fundamental drivers that measure the ability of NGEx Minerals to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well NGEx Minerals utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between NGEx Minerals's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of NGEx Minerals over time as well as its relative position and ranking within its peers.
NGEx |
NGEx Minerals Total Debt vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining NGEx Minerals's current stock value. Our valuation model uses many indicators to compare NGEx Minerals value to that of its competitors to determine the firm's financial worth. NGEx Minerals is considered to be number one stock in return on equity category among its peers. It also is rated top company in total debt category among its peers . At this time, NGEx Minerals' Return On Equity is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value NGEx Minerals by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for NGEx Minerals' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.NGEx Total Debt 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.
NGEx Minerals |
| = | -1.51 |
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.
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
NGEx Minerals |
| = | 7.82 M |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
NGEx Total Debt vs Competition
NGEx Minerals is rated top company in total debt category among its peers. Total debt of Other Industrial Metals & Mining industry is now estimated at about 2.39 Billion. NGEx Minerals adds roughly 7.82 Million in total debt claiming only tiny portion of all equities under Other Industrial Metals & Mining industry.
NGEx Minerals Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in NGEx Minerals, profitability is also one of the essential criteria for including it into their portfolios because, without profit, NGEx Minerals will eventually generate negative long term returns. The profitability progress is the general direction of NGEx Minerals' change in net profit over the period of time. It can combine multiple indicators of NGEx Minerals, 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 | -4.5 M | -4.3 M | |
| Operating Income | -49 M | -46.5 M | |
| Income Before Tax | -37.7 M | -35.8 M | |
| Total Other Income Expense Net | 9.4 M | 9.9 M | |
| Net Loss | -37.7 M | -35.8 M | |
| Net Interest Income | 1.8 M | 1.9 M | |
| Net Loss | -37.7 M | -35.8 M | |
| Income Tax Expense | -53.4 K | -56.1 K | |
| Interest Income | 1.9 M | 2 M | |
| Net Loss | (0.21) | (0.22) | |
| Income Quality | 0.72 | 0.86 |
NGEx Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on NGEx Minerals. 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 NGEx Minerals 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 NGEx Minerals' important profitability drivers and their relationship over time.
Use NGEx Minerals 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 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.NGEx Minerals Pair Trading
NGEx Minerals Pair Trading Analysis
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.Use Investing Themes to Complement your NGEx Minerals position
In addition to having NGEx Minerals 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 Copper Thematic Idea Now
Copper
Companies involved in production of copper. The Copper theme has 47 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 Copper Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in NGEx Stock
To fully project NGEx Minerals' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of NGEx Minerals 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 NGEx Minerals' income statement, its balance sheet, and the statement of cash flows.