Ngex Minerals Stock Price To Earning
| NGEX Stock | 12.54 0.13 1.03% |
NGEx Minerals fundamentals help investors to digest information that contributes to NGEx Minerals' financial success or failures. It also enables traders to predict the movement of NGEx Stock. The fundamental analysis module provides a way to measure NGEx Minerals' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to NGEx Minerals stock.
NGEx | Price To Earning |
NGEx Minerals Company Price To Earning Analysis
NGEx Minerals' Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
NGEx Price To Earning Driver Correlations
Understanding the fundamental principles of building solid financial models for NGEx Minerals is extremely important. It helps to project a fair market value of NGEx Stock properly, considering its historical fundamentals such as Price To Earning. Since NGEx Minerals' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of NGEx Minerals' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of NGEx Minerals' interrelated accounts and indicators.
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Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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NGEx Retained Earnings
Retained Earnings |
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Based on the latest financial disclosure, NGEx Minerals has a Price To Earning of 0.0 times. This is 100.0% lower than that of the Basic Materials sector and about the same as Other Industrial Metals & Mining (which currently averages 0.0) industry. The price to earning for all Canada stocks is 100.0% higher than that of the company.
NGEx Price To Earning 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 Price To Earning 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 price to earning category among its peers.
NGEx Fundamentals
| Return On Equity | -0.77 | ||||
| Return On Asset | -0.54 | ||||
| Current Valuation | 1.61 B | ||||
| Shares Outstanding | 187.68 M | ||||
| Shares Owned By Insiders | 39.24 % | ||||
| Shares Owned By Institutions | 6.96 % | ||||
| Number Of Shares Shorted | 770.75 K | ||||
| EBITDA | (47.2 M) | ||||
| Net Income | (37.72 M) | ||||
| Total Debt | 7.82 M | ||||
| Cash Flow From Operations | (27.09 M) | ||||
| Short Ratio | 3.44 X | ||||
| Target Price | 11.08 | ||||
| Number Of Employees | 36 | ||||
| Beta | 1.92 | ||||
| Market Capitalization | 1.69 B | ||||
| Total Asset | 81.29 M | ||||
| Retained Earnings | (113.38 M) | ||||
| Working Capital | 69.68 M | ||||
| Net Asset | 81.29 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
Moving against NGEx Stock
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.