New Return On Equity from 2010 to 2024
| NEWP Stock | USD 1.53 0.03 1.92% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter (0.28) | Current Value (0.27) | Quarterly Volatility 0.39994075 |
Check New Pacific financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among New Pacific's main balance sheet or income statement drivers, such as Interest Expense of 130.1 K, Selling General Administrative of 6.2 M or Total Revenue of 0.0, as well as many indicators such as Price To Sales Ratio of 564, Ptb Ratio of 4.73 or Days Sales Outstanding of 475. New financial statements analysis is a perfect complement when working with New Pacific Valuation or Volatility modules.
New | Return On Equity |
Latest New Pacific's Return On Equity Growth Pattern
Below is the plot of the Return On Equity of New Pacific Metals over the last few years. Return on Equity is the amount of New Pacific Metals net income returned as a percentage of New Pacific equity. Return on equity measures New Pacific profitability by revealing how much profit New Pacific Metals generates with the money shareholders have invested. It is a measure of the profitability of a business in relation to the equity, calculated by dividing net income by shareholder's equity. New Pacific's Return On Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in New Pacific's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported -0.0478 | 10 Years Trend |
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Return On Equity |
| Timeline |
New Return On Equity Regression Statistics
| Arithmetic Mean | (0.15) | |
| Geometric Mean | 0.06 | |
| Coefficient Of Variation | (264.13) | |
| Mean Deviation | 0.22 | |
| Median | (0.06) | |
| Standard Deviation | 0.40 | |
| Sample Variance | 0.16 | |
| Range | 1.6678 | |
| R-Value | 0.11 | |
| Mean Square Error | 0.17 | |
| R-Squared | 0.01 | |
| Significance | 0.69 | |
| Slope | 0.01 | |
| Total Sum of Squares | 2.24 |
New Return On Equity History
About New Pacific Financial Statements
New Pacific shareholders use historical fundamental indicators, such as Return On Equity, to determine how well the company is positioned to perform in the future. Although New Pacific investors may analyze each financial statement separately, they are all interrelated. The changes in New Pacific's assets and liabilities, for example, are also reflected in the revenues and expenses on on New Pacific's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Return On Equity | (0.28) | (0.27) |
Pair Trading with New Pacific
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 New Pacific 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 New Pacific will appreciate offsetting losses from the drop in the long position's value.Moving together with New Stock
Moving against New Stock
| 0.53 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.52 | PG | Procter Gamble | PairCorr |
| 0.41 | KO | Coca Cola Aggressive Push | PairCorr |
The ability to find closely correlated positions to New Pacific could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace New Pacific 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 New Pacific - 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 New Pacific Metals to buy it.
The correlation of New Pacific 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 New Pacific moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New Pacific Metals 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 New Pacific 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.Additional Tools for New Stock Analysis
When running New Pacific's price analysis, check to measure New Pacific'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 New Pacific is operating at the current time. Most of New Pacific's value examination focuses on studying past and present price action to predict the probability of New Pacific's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Pacific's price. Additionally, you may evaluate how the addition of New Pacific to your portfolios can decrease your overall portfolio volatility.