New Net Working Capital vs Short Term Investments Analysis
| NFGC Stock | USD 1.81 0.04 2.26% |
New Found financial indicator trend analysis is infinitely more than just investigating New Found Gold recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether New Found Gold is a good investment. Please check the relationship between New Found Net Working Capital and its Short Term Investments accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Found Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
Net Working Capital vs Short Term Investments
Net Working Capital vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Found Gold Net Working Capital account and Short Term Investments. At this time, the significance of the direction appears to have almost identical trend.
The correlation between New Found's Net Working Capital and Short Term Investments is 0.9. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of New Found Gold, assuming nothing else is changed. The correlation between historical values of New Found's Net Working Capital and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Working Capital of New Found Gold are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Net Working Capital i.e., New Found's Net Working Capital and Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.9 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Working Capital
Short Term Investments
Short Term Investments is an item under the current assets section of New Found balance sheet. It contains any investments New Found Gold undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that New Found Gold can easily liquidate in the marketplace.Most indicators from New Found's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into New Found Gold 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 Found Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. As of November 29, 2024, Selling General Administrative is expected to decline to about 3.5 M. In addition to that, Issuance Of Capital Stock is expected to decline to about 66 M
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 56.1M | 87.8M | 103.5M | 63.7M | Cost Of Revenue | 582.9K | 880.4K | 940.2K | 560.1K |
New Found fundamental ratios Correlations
Click cells to compare fundamentals
New Found Account Relationship Matchups
High Positive Relationship
High Negative Relationship
New Found fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Other Current Liab | 392.5K | 581.9K | 12.7M | 27.1M | 13.7M | 8.6M | |
| Total Current Liabilities | 392.8K | 635.1K | 12.8M | 27.1M | 19.0M | 9.6M | |
| Net Tangible Assets | 955.2K | 9.0M | 72.9M | 122.7M | 141.1M | 148.1M | |
| Retained Earnings | (6.4M) | (39.0M) | (89.6M) | (179.6M) | (259.5M) | (246.5M) | |
| Accounts Payable | 371.18 | 396.45 | 2.5K | 5.3K | 5.2M | 5.4M | |
| Net Receivables | 337.2K | 1.0M | 1.8M | 3.1M | 3.4M | 3.5M | |
| Other Stockholder Equity | 4.7M | 24.2M | 30.5M | (77.0) | (88.55) | (84.12) | |
| Total Current Assets | 8.2M | 71.2M | 136.5M | 94.3M | 62.4M | 59.0M | |
| Common Stock | 10.7M | 87.7M | 181.8M | 229.6M | 290.2M | 304.8M | |
| Property Plant Equipment | 719.3K | 1.1M | 2.4M | 11.5M | 13.3M | 13.9M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether New Found Gold offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of New Found's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of New Found Gold Stock. Outlined below are crucial reports that will aid in making a well-informed decision on New Found Gold Stock:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Found Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Is Diversified Metals & Mining 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 New Found. If investors know New 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 New Found listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.78) | Earnings Share (0.21) | Return On Assets (0.66) | Return On Equity (1.10) |
The market value of New Found Gold is measured differently than its book value, which is the value of New that is recorded on the company's balance sheet. Investors also form their own opinion of New Found's value that differs from its market value or its book value, called intrinsic value, which is New Found'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 New Found's market value can be influenced by many factors that don't directly affect New Found'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 New Found's value and its price as these two are different measures arrived at by different means. Investors typically determine if New Found is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New Found'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.