NGEx Total Assets vs Cash Analysis
| NGEX Stock | 13.10 0.20 1.55% |
NGEx Minerals financial indicator trend analysis is infinitely more than just investigating NGEx Minerals recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NGEx Minerals is a good investment. Please check the relationship between NGEx Minerals Total Assets and its Cash accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NGEx Minerals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Total Assets vs Cash
Total Assets vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NGEx Minerals Total Assets account and Cash. At this time, the significance of the direction appears to have totally related.
The correlation between NGEx Minerals' Total Assets and Cash is 1.0. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Cash in the same time period over historical financial statements of NGEx Minerals, assuming nothing else is changed. The correlation between historical values of NGEx Minerals' Total Assets and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of NGEx Minerals are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Assets i.e., NGEx Minerals' Total Assets and Cash go up and down completely randomly.
Correlation Coefficient | 1.0 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Assets
Total assets refers to the total amount of NGEx Minerals assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in NGEx Minerals books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Cash
Cash refers to the most liquid asset of NGEx Minerals, which is listed under current asset account on NGEx Minerals balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from NGEx Minerals customers. The amounts must be unrestricted with restricted cash listed in a different NGEx Minerals account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from NGEx Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NGEx Minerals 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 NGEx Minerals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, NGEx Minerals' Selling General Administrative is very stable compared to the past year. As of the 23rd of November 2024, Issuance Of Capital Stock is likely to grow to about 89.9 M, while Enterprise Value Over EBITDA is likely to drop (30.32).
NGEx Minerals fundamental ratios Correlations
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NGEx Minerals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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
Balance Sheet is a snapshot of the financial position of NGEx Minerals at a specified time, usually calculated after every quarter, six months, or one year. NGEx Minerals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of NGEx Minerals and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which NGEx currently owns. An asset can also be divided into two categories, current and non-current.