Nortec Minerals Cash And Equivalents vs. Book Value Per Share

NVT Stock  CAD 0.02  0.00  0.00%   
Based on Nortec Minerals' profitability indicators, Nortec Minerals Corp 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 Nortec Minerals' ability to earn profits and add value for shareholders.
For Nortec Minerals profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Nortec Minerals to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Nortec Minerals Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Nortec Minerals's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Nortec Minerals Corp 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 Nortec Minerals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Nortec Minerals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nortec Minerals' 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.

Nortec Minerals Corp Book Value Per Share vs. Cash And Equivalents Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Nortec Minerals's current stock value. Our valuation model uses many indicators to compare Nortec Minerals value to that of its competitors to determine the firm's financial worth.
Nortec Minerals Corp is regarded fifth in cash and equivalents category among its peers. It is regarded fourth in book value per share category among its peers . 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 Nortec Minerals' earnings, one of the primary drivers of an investment's value.

Nortec Book Value Per Share vs. Cash And Equivalents

Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.

Nortec Minerals

Cash

 = 

Bank Deposits

+

Liquidities

 = 
6.31 K
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
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.

Nortec Minerals

Book Value per Share

 = 

Common Equity

Average Shares

 = 
(0) 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.

Nortec Book Value Per Share Comparison

Nortec Minerals is currently under evaluation in book value per share category among its peers.

Nortec Minerals Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Nortec Minerals, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Nortec Minerals will eventually generate negative long term returns. The profitability progress is the general direction of Nortec Minerals' change in net profit over the period of time. It can combine multiple indicators of Nortec 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 ReportedProjected for Next Year
Operating Income-562.5 K-590.6 K
Net Loss-327.4 K-343.8 K
Income Before Tax-327.4 K-343.8 K
Total Other Income Expense Net235 K246.8 K
Net Income Applicable To Common Shares160 K168 K
Net Loss-327.4 K-343.8 K
Net Interest Income(1.15)(1.21)
Change To Netincome-56.4 K-53.6 K

Nortec Profitability Driver Comparison

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

Use Nortec 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 Nortec 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 Nortec Minerals will appreciate offsetting losses from the drop in the long position's value.

Nortec Minerals Pair Trading

Nortec Minerals Corp Pair Trading Analysis

The ability to find closely correlated positions to Nortec 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 Nortec 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 Nortec 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 Nortec Minerals Corp to buy it.
The correlation of Nortec 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 Nortec Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nortec Minerals Corp 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 Nortec 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Nortec Minerals position

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Baby Boomer Prospects
Baby Boomer Prospects Theme
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Additional Tools for Nortec Stock Analysis

When running Nortec Minerals' price analysis, check to measure Nortec Minerals' 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 Nortec Minerals is operating at the current time. Most of Nortec Minerals' value examination focuses on studying past and present price action to predict the probability of Nortec Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nortec Minerals' price. Additionally, you may evaluate how the addition of Nortec Minerals to your portfolios can decrease your overall portfolio volatility.