New Financial Statements From 2010 to 2026
| NSLPQ Stock | USD 0.0001 0.00 0.00% |
Check New Source financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among New Source's main balance sheet or income statement drivers, such as , as well as many indicators such as . New financial statements analysis is a perfect complement when working with New Source Valuation or Volatility modules.
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New Source Energy Company Return On Equity Analysis
New Source's 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.
Current New Source Return On Equity | -2.01 |
Most of New Source's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, New Source Energy is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
| Competition |
Based on the latest financial disclosure, New Source Energy has a Return On Equity of -2.0135. This indicator is about the same for the Oil, Gas & Consumable Fuels average (which is currently at -1.98) sector and 213.12% lower than that of the Energy industry. The return on equity for all United States stocks is notably higher than that of the company.
New Source Energy Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining New Source's current stock value. Our valuation model uses many indicators to compare New Source value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across New Source competition to find correlations between indicators driving New Source's intrinsic value. More Info.New Source Energy is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset 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 New Source's earnings, one of the primary drivers of an investment's value.About New Source Financial Statements
New Source shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although New Source investors may analyze each financial statement separately, they are all interrelated. The changes in New Source's assets and liabilities, for example, are also reflected in the revenues and expenses on on New Source's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
New Source Energy Partners L.P. acquires, owns, develops, and produces oil and natural gas properties in the United States. On March 15, 2016, New Source Energy Partners LP, along with its affiliate, filed a voluntary petition for liquidation under Chapter 7 in the US Bankruptcy Court for the District of Delaware. New Source operates under Oil Gas EP classification in the United States and is traded on OTC Exchange. It employs 412 people.
Pair Trading with New Source
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 Source 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 Source will appreciate offsetting losses from the drop in the long position's value.Moving together with New Pink Sheet
Moving against New Pink Sheet
| 0.87 | AA | Alcoa Corp | PairCorr |
| 0.76 | WMT | Walmart Common Stock Aggressive Push | PairCorr |
| 0.67 | MRK | Merck Company | PairCorr |
| 0.66 | JPM | JPMorgan Chase | PairCorr |
| 0.63 | AXP | American Express | PairCorr |
The ability to find closely correlated positions to New Source 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 Source 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 Source - 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 Source Energy to buy it.
The correlation of New Source 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 Source moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New Source Energy 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 Source 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 Pink Sheet Analysis
When running New Source's price analysis, check to measure New Source'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 Source is operating at the current time. Most of New Source's value examination focuses on studying past and present price action to predict the probability of New Source'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 Source's price. Additionally, you may evaluate how the addition of New Source to your portfolios can decrease your overall portfolio volatility.