Northgold Current Valuation vs. Shares Owned By Insiders
| NG Stock | 0.75 0.01 1.35% |
For Northgold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Northgold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Northgold AB utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Northgold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Northgold AB over time as well as its relative position and ranking within its peers.
Northgold |
Northgold AB Shares Owned By Insiders vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Northgold's current stock value. Our valuation model uses many indicators to compare Northgold value to that of its competitors to determine the firm's financial worth. Northgold AB is rated top company in current valuation category among its peers. It also is considered to be number one stock in shares owned by insiders category among its peers . The ratio of Current Valuation to Shares Owned By Insiders for Northgold AB is about 2,402,430 . 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 Northgold's earnings, one of the primary drivers of an investment's value.Northgold Current Valuation vs. Competition
Northgold AB is rated top company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Gold industry is now estimated at about 29.65 Billion. Northgold adds roughly 140.26 Million in current valuation claiming only tiny portion of equities under Gold industry.
Northgold Shares Owned By Insiders vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Northgold |
| = | 140.26 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Shares Owned by Insiders show the percentage of outstanding shares owned by insiders (such as principal officers or members of the board of directors) or private individuals and entities with over 5% of the total shares outstanding. Company executives or private individuals with access to insider information share information about a firm's operations that is not available to the general public.
Northgold |
| = | 58.38 % |
Although the research on effects of insider trading on prices and volatility is still relatively inconclusive, and investors are advised to pay close attention to the distribution of equities among company's stakeholders to avoid many problems associated with the disclosure of price-sensitive information.
Northgold Shares Owned By Insiders Comparison
Northgold is currently under evaluation in shares owned by insiders category among its peers.
Northgold Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Northgold. 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 Northgold 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 Northgold's important profitability drivers and their relationship over time.
Use Northgold 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 Northgold 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 Northgold will appreciate offsetting losses from the drop in the long position's value.Northgold Pair Trading
Northgold AB Pair Trading Analysis
The ability to find closely correlated positions to Northgold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Northgold 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 Northgold - 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 Northgold AB to buy it.
The correlation of Northgold 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 Northgold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Northgold AB 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 Northgold 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 Northgold position
In addition to having Northgold 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 Baby Boomer Prospects Thematic Idea Now
Baby Boomer Prospects
Equities with large market capitalization that account for significant contribution to overall economic growth especially within dividend-paying instruments and stocks from healthcare and financial sectors. The Baby Boomer Prospects theme has 98 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 Baby Boomer Prospects Theme or any other thematic opportunities.
| View All Next | Launch |
Additional Tools for Northgold Stock Analysis
When running Northgold's price analysis, check to measure Northgold'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 Northgold is operating at the current time. Most of Northgold's value examination focuses on studying past and present price action to predict the probability of Northgold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northgold's price. Additionally, you may evaluate how the addition of Northgold to your portfolios can decrease your overall portfolio volatility.