New Pacific Metals Trading Down 1.3 percent - Defense World
| NUAG Stock | CAD 2.23 0.02 0.89% |
About 62% of New Pacific's investor base is looking to short. The current sentiment regarding investing in New Pacific Metals stock implies that many traders are alarmed. New Pacific's investing sentiment overview a quick insight into current market opportunities from investing in New Pacific Metals. Many technical investors use New Pacific Metals stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
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New Pacific Metals Trading Down 1.3 Defense World
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New Pacific Fundamental Analysis
We analyze New Pacific's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of New Pacific using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of New Pacific 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.
Book Value Per Share
Book Value Per Share Comparative Analysis
New Pacific is currently under evaluation in book value per share category among its peers. Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
New Pacific Metals Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with New Pacific stock to make a market-neutral strategy. Peer analysis of New Pacific could also be used in its relative valuation, which is a method of valuing New Pacific by comparing valuation metrics with similar companies.
Peers
New Pacific Related Equities
| SKE | Skeena Resources | 1.15 | ||||
| SIL | SilverCrest Metals | 0.84 | ||||
| OLA | Orla Mining | 0.30 | ||||
| AOT | Ascot Resources | 4.35 |
Check out New Pacific Hype Analysis, New Pacific Correlation and New Pacific Performance. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.