New Good Will vs Net Invested Capital Analysis

NEWP Stock

USD 1.53 0.03 1.92%

New Pacific financial indicator trend analysis is infinitely more than just investigating New Pacific Metals recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether New Pacific Metals is a good investment. Please check the relationship between New Pacific Good Will and its Net Invested Capital accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Pacific Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Good Will vs Net Invested Capital

Good Will vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Pacific Metals Good Will account and Net Invested Capital. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between New Pacific's Good Will and Net Invested Capital is -0.05. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of New Pacific Metals, assuming nothing else is changed. The correlation between historical values of New Pacific's Good Will and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of New Pacific Metals are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Good Will i.e., New Pacific's Good Will and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

-0.05

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Most indicators from New Pacific's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into New Pacific Metals current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Pacific Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

As of 11/22/2024, Issuance Of Capital Stock is likely to grow to about 26.6 M, while Selling General Administrative is likely to drop slightly above 6.2 M.

	2020	2021	2022	2023 (projected)
Other Operating Expenses	5.9M	6.8M	8.3M	7.1M
Depreciation And Amortization	44K	174.0K	213.5K	211.2K

Other Operating Expenses Depreciation And Amortization

New Pacific fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Good Will	Short Term Investments	Inventory	Other Current Assets	Total Liab	Common Stock	Property Plant Equipment	Other Liab	Property Plant And Equipment Net	Net Debt	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Current Assets
Total Assets		0.49	0.66	1.0	-0.63	0.65	0.6	0.07	0.17	0.52	-0.22	-0.41	-0.02	0.66	0.91	0.6	-0.48	0.95	-0.6	0.96	0.49	-0.43	0.95	0.29	-0.2	0.51
Other Current Liab	0.49		0.83	0.48	-0.37	0.58	0.35	0.16	0.26	0.29	-0.28	0.07	0.05	0.82	0.42	0.54	0.08	0.47	-0.35	0.47	0.22	0.08	0.45	0.48	-0.08	0.25
Total Current Liabilities	0.66	0.83		0.64	-0.62	0.93	0.3	-0.05	-0.01	0.29	-0.36	-0.18	-0.16	1.0	0.68	0.42	-0.34	0.68	-0.3	0.69	0.13	-0.08	0.7	0.64	-0.29	0.16
Total Stockholder Equity	1.0	0.48	0.64		-0.63	0.64	0.6	0.07	0.17	0.52	-0.21	-0.42	-0.02	0.65	0.9	0.6	-0.48	0.95	-0.6	0.96	0.49	-0.44	0.95	0.28	-0.19	0.51
Retained Earnings	-0.63	-0.37	-0.62	-0.63		-0.67	-0.24	0.29	0.23	-0.38	0.56	0.24	0.42	-0.61	-0.84	-0.4	0.51	-0.71	0.24	-0.71	0.02	-0.02	-0.8	-0.2	0.33	0.01
Accounts Payable	0.65	0.58	0.93	0.64	-0.67		0.21	-0.17	-0.17	0.25	-0.35	-0.31	-0.27	0.94	0.72	0.27	-0.55	0.69	-0.21	0.71	0.05	-0.17	0.74	0.63	-0.38	0.07
Cash	0.6	0.35	0.3	0.6	-0.24	0.21		0.16	0.18	0.37	-0.18	-0.09	-0.08	0.3	0.45	0.43	-0.08	0.4	-1.0	0.39	0.89	0.0	0.52	0.43	0.03	0.86
Other Assets	0.07	0.16	-0.05	0.07	0.29	-0.17	0.16		0.69	0.52	-0.02	-0.2	-0.14	-0.05	-0.29	0.21	0.45	0.06	-0.16	0.04	0.14	-0.16	-0.1	-0.16	0.88	0.1
Long Term Debt	0.17	0.26	-0.01	0.17	0.23	-0.17	0.18	0.69		0.62	0.3	0.24	0.47	-0.01	-0.17	0.34	0.66	0.11	-0.18	0.09	0.33	-0.07	0.03	-0.14	0.63	0.29
Good Will	0.52	0.29	0.29	0.52	-0.38	0.25	0.37	0.52	0.62		0.13	-0.25	-0.17	0.29	0.32	0.44	0.1	0.44	-0.37	0.45	0.43	-0.15	0.56	0.09	0.51	0.42
Short Term Investments	-0.22	-0.28	-0.36	-0.21	0.56	-0.35	-0.18	-0.02	0.3	0.13		0.12	0.49	-0.35	-0.37	-0.1	0.27	-0.37	0.18	-0.35	0.3	-0.17	-0.24	-0.02	0.13	0.32
Inventory	-0.41	0.07	-0.18	-0.42	0.24	-0.31	-0.09	-0.2	0.24	-0.25	0.12		0.49	-0.19	-0.37	0.09	0.67	-0.42	0.09	-0.44	-0.02	0.78	-0.41	-0.09	-0.03	-0.06
Other Current Assets	-0.02	0.05	-0.16	-0.02	0.42	-0.27	-0.08	-0.14	0.47	-0.17	0.49	0.49		-0.16	-0.15	0.04	0.36	-0.06	0.08	-0.07	0.15	-0.14	-0.17	-0.13	-0.2	0.16
Total Liab	0.66	0.82	1.0	0.65	-0.61	0.94	0.3	-0.05	-0.01	0.29	-0.35	-0.19	-0.16		0.68	0.42	-0.35	0.68	-0.3	0.69	0.14	-0.09	0.7	0.63	-0.3	0.16
Common Stock	0.91	0.42	0.68	0.9	-0.84	0.72	0.45	-0.29	-0.17	0.32	-0.37	-0.37	-0.15	0.68		0.5	-0.66	0.91	-0.45	0.92	0.27	-0.29	0.96	0.29	-0.48	0.3
Property Plant Equipment	0.6	0.54	0.42	0.6	-0.4	0.27	0.43	0.21	0.34	0.44	-0.1	0.09	0.04	0.42	0.5		0.18	0.59	-0.43	0.56	0.37	0.07	0.54	0.05	0.11	0.34
Other Liab	-0.48	0.08	-0.34	-0.48	0.51	-0.55	-0.08	0.45	0.66	0.1	0.27	0.67	0.36	-0.35	-0.66	0.18		-0.51	0.08	-0.54	0.06	0.48	-0.56	-0.26	0.58	-0.01
Property Plant And Equipment Net	0.95	0.47	0.68	0.95	-0.71	0.69	0.4	0.06	0.11	0.44	-0.37	-0.42	-0.06	0.68	0.91	0.59	-0.51		-0.4	1.0	0.22	-0.43	0.92	0.17	-0.22	0.23
Net Debt	-0.6	-0.35	-0.3	-0.6	0.24	-0.21	-1.0	-0.16	-0.18	-0.37	0.18	0.09	0.08	-0.3	-0.45	-0.43	0.08	-0.4		-0.39	-0.89	0.0	-0.52	-0.43	-0.03	-0.86
Non Current Assets Total	0.96	0.47	0.69	0.96	-0.71	0.71	0.39	0.04	0.09	0.45	-0.35	-0.44	-0.07	0.69	0.92	0.56	-0.54	1.0	-0.39		0.21	-0.45	0.93	0.18	-0.24	0.23
Cash And Short Term Investments	0.49	0.22	0.13	0.49	0.02	0.05	0.89	0.14	0.33	0.43	0.3	-0.02	0.15	0.14	0.27	0.37	0.06	0.22	-0.89	0.21		-0.08	0.4	0.41	0.09	0.99
Net Receivables	-0.43	0.08	-0.08	-0.44	-0.02	-0.17	0.0	-0.16	-0.07	-0.15	-0.17	0.78	-0.14	-0.09	-0.29	0.07	0.48	-0.43	0.0	-0.45	-0.08		-0.31	0.01	0.08	-0.11
Common Stock Shares Outstanding	0.95	0.45	0.7	0.95	-0.8	0.74	0.52	-0.1	0.03	0.56	-0.24	-0.41	-0.17	0.7	0.96	0.54	-0.56	0.92	-0.52	0.93	0.4	-0.31		0.33	-0.28	0.42
Non Current Liabilities Total	0.29	0.48	0.64	0.28	-0.2	0.63	0.43	-0.16	-0.14	0.09	-0.02	-0.09	-0.13	0.63	0.29	0.05	-0.26	0.17	-0.43	0.18	0.41	0.01	0.33		-0.17	0.42
Other Stockholder Equity	-0.2	-0.08	-0.29	-0.19	0.33	-0.38	0.03	0.88	0.63	0.51	0.13	-0.03	-0.2	-0.3	-0.48	0.11	0.58	-0.22	-0.03	-0.24	0.09	0.08	-0.28	-0.17		0.04
Total Current Assets	0.51	0.25	0.16	0.51	0.01	0.07	0.86	0.1	0.29	0.42	0.32	-0.06	0.16	0.16	0.3	0.34	-0.01	0.23	-0.86	0.23	0.99	-0.11	0.42	0.42	0.04

Click cells to compare fundamentals

New Pacific Account Relationship Matchups

New Pacific fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	94.6M	130.9M	126.8M	124.1M	118.3M	137.7M
Other Current Liab	529.0K	957.0K	467.9K	1.8M	945.1K	638.9K
Total Current Liabilities	1.6M	1.5M	1.1M	3.9M	2.3M	1.2M
Total Stockholder Equity	92.9M	129.5M	125.7M	120.3M	116.1M	136.6M
Retained Earnings	(39.1M)	(31.8M)	(54.1M)	(60.5M)	(68.6M)	(74.6M)
Accounts Payable	1.1M	539.2K	626.7K	2.1M	1.4M	575.3K
Cash	21.2M	29.8M	46.4M	29.3M	6.3M	22.0M
Short Term Investments	8.3M	15.1M	143.9K	192.4K	198.4K	258.7K
Other Current Assets	108.4K	8.7M	523.1K	479.3K	630.3K	338.8K
Total Liab	1.8M	1.5M	1.1M	3.9M	2.3M	1.2M
Common Stock	114.3M	140.3M	149.6M	153.7M	155.8M	182.0M
Property Plant Equipment	96.5M	76.6M	86.7M	104.9M	120.7M	70.3M
Property Plant And Equipment Net	59.5M	70.7M	76.7M	86.8M	104.9M	115.0M
Net Debt	(21.2M)	(29.8M)	(46.4M)	(29.3M)	(6.3M)	(22.0M)
Non Current Assets Total	64.8M	76.9M	79.4M	90.9M	110.8M	115.1M
Cash And Short Term Investments	29.5M	44.9M	46.6M	29.5M	6.5M	22.2M
Net Receivables	197.7K	303.6K	343.6K	3.2M	421.9K	51.3K
Common Stock Shares Outstanding	133.8M	150.7M	153.3M	155.6M	157.0M	167.8M
Liabilities And Stockholders Equity	94.6M	130.9M	126.8M	124.1M	118.3M	137.7M
Non Current Liabilities Total	1.2M	200.4K	539.2K	626.7K	2.1M	0.0
Other Stockholder Equity	(98.7K)	(142.9K)	(118.4K)	(119.9K)	(115.5K)	19.9M
Total Current Assets	29.9M	54.0M	47.5M	33.2M	7.5M	22.6M
Accumulated Other Comprehensive Income	2.5M	4.8M	13.6M	11.7M	10.2M	9.3M
Intangible Assets	121.5	91.51	60.9	30.5	27.45	26.08
Common Stock Total Equity	124.2M	150.0M	191.6M	149.6M	172.1M	180.7M
Property Plant And Equipment Gross	78.1M	96.6M	76.7M	87.4M	105.7M	115.8M
Non Currrent Assets Other	(101.8K)	(95.6K)	(112.3K)	(139.4K)	(125.5K)	(119.2K)
Net Tangible Assets	176.7M	125.7M	120.2M	116.1M	133.5M	124.9M
Net Invested Capital	121.9M	176.8M	125.7M	120.3M	116.1M	136.6M
Long Term Investments	5.1M	5.6M	496.5K	496.7K	283.1K	56.5K
Net Working Capital	37.1M	71.7M	46.4M	29.3M	5.2M	21.4M
Capital Stock	114.3M	140.3M	149.6M	153.7M	155.8M	182.0M

Pair Trading with New Pacific

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 Pacific 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 Pacific will appreciate offsetting losses from the drop in the long position's value.

Moving together with New Stock

0.65

CSCO

Cisco Systems

Pair Corr

Moving against New Stock

0.53	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.52	PG	Procter Gamble	Pair Corr
0.41	KO	Coca Cola Aggressive Push	Pair Corr

The ability to find closely correlated positions to New Pacific 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 Pacific 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 Pacific - 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 Pacific Metals to buy it.

The correlation of New Pacific 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 Pacific moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New Pacific Metals 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 Pacific 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.

Pair Correlation Correlation Matching

Additional Tools for New Stock Analysis

When running New Pacific's price analysis, check to measure New Pacific'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 Pacific is operating at the current time. Most of New Pacific's value examination focuses on studying past and present price action to predict the probability of New Pacific'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 Pacific's price. Additionally, you may evaluate how the addition of New Pacific to your portfolios can decrease your overall portfolio volatility.

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