NevGold Corp Return On Equity vs. Debt To Equity
| NAUFF Stock | USD 0.16 0.01 5.88% |
For NevGold Corp profitability analysis, we use financial ratios and fundamental drivers that measure the ability of NevGold Corp to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well NevGold Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between NevGold Corp's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of NevGold Corp over time as well as its relative position and ranking within its peers.
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NevGold Corp Debt To Equity vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining NevGold Corp's current stock value. Our valuation model uses many indicators to compare NevGold Corp value to that of its competitors to determine the firm's financial worth. NevGold Corp is regarded fourth in return on equity category among its peers. It is considered to be number one stock in debt to equity category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the NevGold Corp's earnings, one of the primary drivers of an investment's value.NevGold Debt To Equity vs. Return On Equity
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
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| = | -0.0102 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
Debt to Equity is calculated by dividing the Total Debt of a company by its Equity. If the debt exceeds equity of a company, then the creditors have more stakes in a firm than the stockholders. In other words, Debt to Equity ratio provides analysts with insights about composition of both equity and debt, and its influence on the valuation of the company.
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| = | 0.03 % |
High Debt to Equity ratio typically indicates that a firm has been borrowing aggressively to finance its growth and as a result may experience a burden of additional interest expense. This may reduce earnings or future growth. On the other hand a small D/E ratio may indicate that a company is not taking enough advantage from financial leverage. Debt to Equity ratio measures how the company is leveraging borrowing against the capital invested by the owners.
NevGold Debt To Equity Comparison
NevGold Corp is currently under evaluation in debt to equity category among its peers.
NevGold Corp Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in NevGold Corp, profitability is also one of the essential criteria for including it into their portfolios because, without profit, NevGold Corp will eventually generate negative long term returns. The profitability progress is the general direction of NevGold Corp's change in net profit over the period of time. It can combine multiple indicators of NevGold Corp, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
NevGold Corp. engages in the exploration and development of mineral properties. It owns interests in the Limousine Butte and Cedar Wash projects in Nevada, the United States and the Ptarmigan silver polymetallic project in British Columbia, Canada. Nevgold Corp is traded on OTC Exchange in the United States.
NevGold Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on NevGold Corp. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of NevGold Corp position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the NevGold Corp's important profitability drivers and their relationship over time.
Use NevGold Corp in pair-trading
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 NevGold Corp 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 NevGold Corp will appreciate offsetting losses from the drop in the long position's value.NevGold Corp Pair Trading
NevGold Corp Pair Trading Analysis
The ability to find closely correlated positions to NevGold Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NevGold Corp 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 NevGold Corp - 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 NevGold Corp to buy it.
The correlation of NevGold Corp 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 NevGold Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NevGold Corp 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 NevGold Corp 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.Use Investing Themes to Complement your NevGold Corp position
In addition to having NevGold Corp in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Other Information on Investing in NevGold OTC Stock
To fully project NevGold Corp's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of NevGold Corp at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include NevGold Corp's income statement, its balance sheet, and the statement of cash flows.