NovaGold Resources Shares Owned By Institutions vs. Return On Asset
| NG Stock | CAD 5.15 0.09 1.78% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.54 | 0.51 |
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For NovaGold Resources profitability analysis, we use financial ratios and fundamental drivers that measure the ability of NovaGold Resources to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well NovaGold Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between NovaGold Resources's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of NovaGold Resources over time as well as its relative position and ranking within its peers.
NovaGold |
NovaGold Resources Return On Asset vs. Shares Owned By Institutions Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining NovaGold Resources's current stock value. Our valuation model uses many indicators to compare NovaGold Resources value to that of its competitors to determine the firm's financial worth. NovaGold Resources is regarded fourth in shares owned by institutions category among its peers. It is rated below average in return on asset category among its peers . As of the 30th of November 2024, Return On Assets is likely to grow to -0.38. Comparative valuation analysis is a catch-all model that can be used if you cannot value NovaGold Resources by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for NovaGold Resources' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.NovaGold Return On Asset vs. Shares Owned By Institutions
Shares Owned by Institutions show the percentage of the outstanding shares of stock issued by a company that is currently owned by other institutions such as asset management firms, hedge funds, or investment banks. Many investors like investing in companies with a large percentage of the firm owned by institutions because they believe that larger firms such as banks, pension funds, and mutual funds, will invest when they think that good things are going to happen.
NovaGold Resources |
| = | 58.70 % |
Since Institution investors conduct a lot of independent research they tend to be more involved and usually more knowledgeable about entities they invest as compared to amateur investors.
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
NovaGold Resources |
| = | -0.12 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
NovaGold Return On Asset Comparison
NovaGold Resources is currently under evaluation in return on asset category among its peers.
NovaGold Resources Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in NovaGold Resources, profitability is also one of the essential criteria for including it into their portfolios because, without profit, NovaGold Resources will eventually generate negative long term returns. The profitability progress is the general direction of NovaGold Resources' change in net profit over the period of time. It can combine multiple indicators of NovaGold Resources, 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 | ||
| Accumulated Other Comprehensive Income | -22 M | -20.9 M | |
| Operating Income | -19.6 M | -20.6 M | |
| Total Other Income Expense Net | -22.5 M | -23.6 M | |
| Net Loss | -42.1 M | -44.2 M | |
| Income Tax Expense | 44.9 K | 47.1 K | |
| Income Before Tax | -42.1 M | -44.2 M | |
| Net Loss | -42.1 M | -44.2 M | |
| Net Loss | -48 M | -50.4 M | |
| Interest Income | 6.7 M | 4.2 M | |
| Net Interest Income | -6.5 M | -6.9 M | |
| Change To Netincome | 49.5 M | 39.4 M | |
| Net Loss | (0.14) | (0.13) | |
| Income Quality | 0.19 | 0.18 | |
| Net Income Per E B T | 1.15 | 1.72 |
NovaGold Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on NovaGold Resources. 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 NovaGold Resources 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 NovaGold Resources' important profitability drivers and their relationship over time.
Use NovaGold Resources 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 NovaGold Resources 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 NovaGold Resources will appreciate offsetting losses from the drop in the long position's value.NovaGold Resources Pair Trading
NovaGold Resources Pair Trading Analysis
The ability to find closely correlated positions to NovaGold Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NovaGold Resources 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 NovaGold Resources - 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 NovaGold Resources to buy it.
The correlation of NovaGold Resources 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 NovaGold Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NovaGold Resources 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 NovaGold Resources 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 NovaGold Resources position
In addition to having NovaGold Resources 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 Consumer Discretionary ETFs Thematic Idea Now
Consumer Discretionary ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Consumer Discretionary ETFs theme has 29 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 Consumer Discretionary ETFs Theme or any other thematic opportunities.
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Check out Correlation Analysis. To learn how to invest in NovaGold Stock, please use our How to Invest in NovaGold Resources guide.You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
To fully project NovaGold Resources' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of NovaGold Resources 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 NovaGold Resources' income statement, its balance sheet, and the statement of cash flows.