Northern Shield Shares Outstanding vs. EBITDA

NRN Stock  CAD 0.04  0.01  20.00%   
Based on the measurements of profitability obtained from Northern Shield's financial statements, Northern Shield Resources 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 Northern Shield's ability to earn profits and add value for shareholders. Price To Sales Ratio is likely to drop to 492.04 in 2024. Days Sales Outstanding is likely to drop to 2,154 in 2024. Income Quality is likely to climb to 0.59 in 2024, whereas Accumulated Other Comprehensive Income is likely to drop slightly above 4.5 M in 2024.
For Northern Shield profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Northern Shield to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Northern Shield Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Northern Shield's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Northern Shield Resources 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 Northern Shield's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northern Shield is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Shield'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.

Northern Shield Resources EBITDA vs. Shares Outstanding Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Northern Shield's current stock value. Our valuation model uses many indicators to compare Northern Shield value to that of its competitors to determine the firm's financial worth.
Northern Shield Resources is regarded fifth in shares outstanding category among its peers. It is regarded second in ebitda category among its peers . At this time, Northern Shield's EBITDA 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 Shield's earnings, one of the primary drivers of an investment's value.

Northern EBITDA 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 Shield

Shares Outstanding

 = 

Public Shares

-

Repurchased

 = 
88.36 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.
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.

Northern Shield

EBITDA

 = 

Revenue

-

Basic Expenses

 = 
(853.79 K)
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.

Northern EBITDA Comparison

Northern Shield is currently under evaluation in ebitda category among its peers.

Northern Shield Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Northern Shield, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Northern Shield will eventually generate negative long term returns. The profitability progress is the general direction of Northern Shield's change in net profit over the period of time. It can combine multiple indicators of Northern Shield, 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
Accumulated Other Comprehensive Income4.7 M4.5 M
Operating Income-858 K-900.9 K
Net Loss-991.2 K-1 M
Income Tax Expense(4.00)(4.20)
Income Before Tax-991.2 K-1 M
Total Other Income Expense Net-133.3 K-126.6 K
Net Loss-991.2 K-1 M
Net Loss-268 K-281.4 K
Change To Netincome-231.4 K-219.9 K
Net Loss(0.01)(0.01)
Income Quality 0.54  0.59 
Net Income Per E B T 0.89  0.67 

Northern Profitability Driver Comparison

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

Use Northern Shield 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 Shield 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 Shield will appreciate offsetting losses from the drop in the long position's value.

Northern Shield Pair Trading

Northern Shield Resources Pair Trading Analysis

The ability to find closely correlated positions to Northern Shield 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 Shield 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 Shield - 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 Shield Resources to buy it.
The correlation of Northern Shield 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 Shield moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Northern Shield Resources 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 Shield 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 Northern Shield position

In addition to having Northern Shield 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 Communication Thematic Idea Now

Communication
Communication Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Communication 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 Communication Theme or any other thematic opportunities.
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Additional Tools for Northern Stock Analysis

When running Northern Shield's price analysis, check to measure Northern Shield'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 Shield is operating at the current time. Most of Northern Shield's value examination focuses on studying past and present price action to predict the probability of Northern Shield'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 Shield's price. Additionally, you may evaluate how the addition of Northern Shield to your portfolios can decrease your overall portfolio volatility.