Ngex Minerals Stock Net Income
| NGEX Stock | 28.16 2.86 9.22% |
As of the 1st of February, NGEx Minerals secures the semi deviation of 2.77, and Risk Adjusted Performance of 0.1075. In connection with fundamental indicators, the technical analysis model lets you check helpful technical drivers of NGEx Minerals, as well as the relationship between them.
NGEx Minerals' financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing NGEx Minerals' valuation are provided below:NGEx Minerals does not today have any fundamental ratios for analysis. This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools. NGEx |
NGEx Minerals 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to NGEx Minerals' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of NGEx Minerals.
| 11/03/2025 |
| 02/01/2026 |
If you would invest 0.00 in NGEx Minerals on November 3, 2025 and sell it all today you would earn a total of 0.00 from holding NGEx Minerals or generate 0.0% return on investment in NGEx Minerals over 90 days. NGEx Minerals is related to or competes with NovaGold Resources, Americas Silver, Erdene Resource, K92 Mining, Orla Mining, Westgold Resources, and Stella Jones. More
NGEx Minerals Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure NGEx Minerals' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess NGEx Minerals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.2 | |||
| Information Ratio | 0.1232 | |||
| Maximum Drawdown | 16.13 | |||
| Value At Risk | (4.71) | |||
| Potential Upside | 5.08 |
NGEx Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NGEx Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NGEx Minerals' standard deviation. In reality, there are many statistical measures that can use NGEx Minerals historical prices to predict the future NGEx Minerals' volatility.| Risk Adjusted Performance | 0.1075 | |||
| Total Risk Alpha | 0.2612 | |||
| Sortino Ratio | 0.1162 |
NGEx Minerals February 1, 2026 Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1075 | |||
| Mean Deviation | 2.28 | |||
| Semi Deviation | 2.77 | |||
| Downside Deviation | 3.2 | |||
| Coefficient Of Variation | 724.05 | |||
| Standard Deviation | 3.02 | |||
| Variance | 9.12 | |||
| Information Ratio | 0.1232 | |||
| Total Risk Alpha | 0.2612 | |||
| Sortino Ratio | 0.1162 | |||
| Maximum Drawdown | 16.13 | |||
| Value At Risk | (4.71) | |||
| Potential Upside | 5.08 | |||
| Downside Variance | 10.25 | |||
| Semi Variance | 7.66 | |||
| Expected Short fall | (2.50) | |||
| Skewness | (0.63) | |||
| Kurtosis | 1.13 |
NGEx Minerals Backtested Returns
NGEx Minerals appears to be not too volatile, given 3 months investment horizon. NGEx Minerals has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for NGEx Minerals, which you can use to evaluate the volatility of the firm. Please exercise NGEx Minerals' semi deviation of 2.77, and Risk Adjusted Performance of 0.1075 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NGEx Minerals holds a performance score of 10. The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and NGEx Minerals are completely uncorrelated. Please check NGEx Minerals' coefficient of variation, total risk alpha, maximum drawdown, as well as the relationship between the standard deviation and sortino ratio , to make a quick decision on whether NGEx Minerals' current price movements will revert.
Auto-correlation | 0.20 |
Weak predictability
NGEx Minerals has weak predictability. Overlapping area represents the amount of predictability between NGEx Minerals time series from 3rd of November 2025 to 18th of December 2025 and 18th of December 2025 to 1st of February 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NGEx Minerals price movement. The serial correlation of 0.2 indicates that over 20.0% of current NGEx Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 2.4 |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Based on the recorded statements, NGEx Minerals reported net income of (63.6 Million). This is much higher than that of the Basic Materials sector and significantly lower than that of the Other Industrial Metals & Mining industry. The net income for all Canada stocks is 111.14% higher than that of the company.
NGEx Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses NGEx Minerals' direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of NGEx Minerals could also be used in its relative valuation, which is a method of valuing NGEx Minerals by comparing valuation metrics of similar companies.NGEx Minerals is currently under evaluation in net income category among its peers.
NGEx Fundamentals
| Return On Equity | -1.24 | ||||
| Return On Asset | -0.78 | ||||
| Current Valuation | 6.58 B | ||||
| Shares Outstanding | 216.31 M | ||||
| Shares Owned By Insiders | 37.66 % | ||||
| Shares Owned By Institutions | 18.07 % | ||||
| Number Of Shares Shorted | 370.92 K | ||||
| Price To Book | 51.09 X | ||||
| EBITDA | (77 K) | ||||
| Net Income | (63.6 M) | ||||
| Total Debt | 13.53 M | ||||
| Book Value Per Share | 0.63 X | ||||
| Cash Flow From Operations | (46.17 M) | ||||
| Short Ratio | 0.70 X | ||||
| Earnings Per Share | (0.54) X | ||||
| Target Price | 32.16 | ||||
| Number Of Employees | 46 | ||||
| Beta | 1.73 | ||||
| Market Capitalization | 6.09 B | ||||
| Total Asset | 208.56 M | ||||
| Retained Earnings | (176.97 M) | ||||
| Working Capital | 69.68 M | ||||
| Annual Yield | 0.12 % | ||||
| Net Asset | 208.56 M |
About NGEx Minerals Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze NGEx Minerals's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NGEx Minerals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NGEx Minerals based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with NGEx Minerals
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 NGEx 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 NGEx Minerals will appreciate offsetting losses from the drop in the long position's value.Moving together with NGEx Stock
| 0.91 | TECK-B | Teck Resources | PairCorr |
| 0.89 | IVN | Ivanhoe Mines | PairCorr |
| 0.87 | SKE | Skeena Resources | PairCorr |
| 0.89 | FOM | Foran Mining | PairCorr |
Moving against NGEx Stock
| 0.71 | NFLX | Netflix Inc CDR | PairCorr |
| 0.57 | AAPL | Apple Inc CDR | PairCorr |
| 0.57 | AAPL | Apple CDR | PairCorr |
| 0.38 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.38 | MSFT | Microsoft CDR | PairCorr |
The ability to find closely correlated positions to NGEx 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 NGEx 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 NGEx 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 NGEx Minerals to buy it.
The correlation of NGEx 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 NGEx Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NGEx Minerals 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 NGEx 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.Other Information on Investing in NGEx Stock
NGEx Minerals financial ratios help investors to determine whether NGEx Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in NGEx with respect to the benefits of owning NGEx Minerals security.