New Destiny Beta vs. Working Capital
| NED Stock | CAD 0.03 0.01 25.00% |
For New Destiny profitability analysis, we use financial ratios and fundamental drivers that measure the ability of New Destiny to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well New Destiny Mining utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between New Destiny's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of New Destiny Mining over time as well as its relative position and ranking within its peers.
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New Destiny Mining Working Capital vs. Beta Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining New Destiny's current stock value. Our valuation model uses many indicators to compare New Destiny value to that of its competitors to determine the firm's financial worth. New Destiny Mining is considered to be number one stock in beta category among its peers. It is regarded fifth in working capital category among its peers . Change In Working Capital is likely to climb to about 758.5 K in 2024, despite the fact that Net Working Capital is likely to grow to (1.3 M). 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 New Destiny's earnings, one of the primary drivers of an investment's value.New Working Capital vs. Beta
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
New Destiny |
| = | 1.54 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
New Destiny |
| = | (1.39 M) |
Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.
New Working Capital Comparison
New Destiny is currently under evaluation in working capital category among its peers.
Beta Analysis
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, New Destiny will likely underperform.
New Destiny Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in New Destiny, profitability is also one of the essential criteria for including it into their portfolios because, without profit, New Destiny will eventually generate negative long term returns. The profitability progress is the general direction of New Destiny's change in net profit over the period of time. It can combine multiple indicators of New Destiny, 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.
| Last Reported | Projected for Next Year | ||
| Operating Income | -738.9 K | -702 K | |
| Net Loss | -740.6 K | -703.6 K | |
| Income Before Tax | -740.6 K | -703.6 K | |
| Total Other Income Expense Net | 34.5 K | 36.2 K | |
| Net Loss | -161.9 K | -170 K | |
| Net Loss | -740.6 K | -703.6 K | |
| Net Interest Income | -1.7 K | -1.6 K | |
| Change To Netincome | 40.5 K | 42.5 K |
New Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on New Destiny. 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 New Destiny 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 New Destiny's important profitability drivers and their relationship over time.
Use New Destiny 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 New Destiny 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 Destiny will appreciate offsetting losses from the drop in the long position's value.New Destiny Pair Trading
New Destiny Mining Pair Trading Analysis
The ability to find closely correlated positions to New Destiny 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 Destiny 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 Destiny - 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 Destiny Mining to buy it.
The correlation of New Destiny 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 Destiny moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New Destiny Mining 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 Destiny 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 New Destiny position
In addition to having New Destiny 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?
Run Shipbuilding Railroad Equipment Thematic Idea Now
Shipbuilding Railroad Equipment
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Shipbuilding Railroad Equipment theme has 16 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Shipbuilding Railroad Equipment Theme or any other thematic opportunities.
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Additional Tools for New Stock Analysis
When running New Destiny's price analysis, check to measure New Destiny'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 Destiny is operating at the current time. Most of New Destiny's value examination focuses on studying past and present price action to predict the probability of New Destiny'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 Destiny's price. Additionally, you may evaluate how the addition of New Destiny to your portfolios can decrease your overall portfolio volatility.