NWTN Return On Tangible Assets from 2010 to 2024
| NWTN Stock | 1.29 0.17 11.64% |
Return On Tangible Assets | First Reported 2010-12-31 | Previous Quarter (0.13) | Current Value (0.14) | Quarterly Volatility 0.2747662 |
Check NWTN financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among NWTN's main balance sheet or income statement drivers, such as Depreciation And Amortization of 903.9 K, Other Operating Expenses of 48.8 M or Total Operating Expenses of 48.8 M, as well as many indicators such as Price To Sales Ratio of 0.0, Dividend Yield of 0.0 or PTB Ratio of 10.26. NWTN financial statements analysis is a perfect complement when working with NWTN Valuation or Volatility modules.
NWTN | Return On Tangible Assets |
Latest NWTN's Return On Tangible Assets Growth Pattern
Below is the plot of the Return On Tangible Assets of NWTN Class B over the last few years. It is a profitability metric that measures a company's ability to generate earnings from its tangible assets. NWTN's Return On Tangible Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in NWTN's overall financial position and show how it may be relating to other accounts over time.
| Return On Tangible Assets | 10 Years Trend |
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Return On Tangible Assets |
| Timeline |
NWTN Return On Tangible Assets Regression Statistics
| Arithmetic Mean | (0.20) | |
| Geometric Mean | 0.11 | |
| Coefficient Of Variation | (135.02) | |
| Mean Deviation | 0.18 | |
| Median | (0.10) | |
| Standard Deviation | 0.27 | |
| Sample Variance | 0.08 | |
| Range | 0.8953 | |
| R-Value | (0.33) | |
| Mean Square Error | 0.07 | |
| R-Squared | 0.11 | |
| Significance | 0.23 | |
| Slope | (0.02) | |
| Total Sum of Squares | 1.06 |
NWTN Return On Tangible Assets History
About NWTN Financial Statements
NWTN investors utilize fundamental indicators, such as Return On Tangible Assets, to predict how NWTN Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.13) | (0.14) |
Pair Trading with NWTN
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 NWTN 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 NWTN will appreciate offsetting losses from the drop in the long position's value.Moving together with NWTN Stock
Moving against NWTN Stock
| 0.71 | FOXF | Fox Factory Holding | PairCorr |
| 0.62 | AEO | American Eagle Outfitters | PairCorr |
| 0.58 | DAN | Dana Inc | PairCorr |
| 0.56 | WING | Wingstop | PairCorr |
| 0.52 | ADNT | Adient PLC | PairCorr |
The ability to find closely correlated positions to NWTN could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NWTN 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 NWTN - 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 NWTN Class B to buy it.
The correlation of NWTN 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 NWTN moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NWTN Class B 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 NWTN 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.Check out the analysis of NWTN Correlation against competitors. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Is Automotive Parts & Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NWTN. If investors know NWTN will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NWTN listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.35) | Revenue Per Share 0.002 | Return On Assets (0.33) | Return On Equity (1.29) |
The market value of NWTN Class B is measured differently than its book value, which is the value of NWTN that is recorded on the company's balance sheet. Investors also form their own opinion of NWTN's value that differs from its market value or its book value, called intrinsic value, which is NWTN's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NWTN's market value can be influenced by many factors that don't directly affect NWTN's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NWTN's value and its price as these two are different measures arrived at by different means. Investors typically determine if NWTN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NWTN'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.