Northern Star Price To Book vs. Market Capitalization
| NST Stock | 17.18 0.43 2.44% |
For Northern Star profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Northern Star to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Northern Star Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Northern Star's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Northern Star Resources over time as well as its relative position and ranking within its peers.
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Northern Star Resources Market Capitalization vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Northern Star's current stock value. Our valuation model uses many indicators to compare Northern Star value to that of its competitors to determine the firm's financial worth. Northern Star Resources is considered to be number one stock in price to book category among its peers. It also is considered to be number one stock in market capitalization category among its peers creating about 8,717,334,098 of Market Capitalization per Price To Book. 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 Northern Star's earnings, one of the primary drivers of an investment's value.Northern Market Capitalization vs. Price To Book
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Northern Star |
| = | 2.30 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
Northern Star |
| = | 20.08 B |
In most publications or references market cap is broken down into the mega-cap, large-cap, mid-cap, small-cap, micro-cap, and nano-cap. Market Cap is a measurement of business as total market value of all of the outstanding shares at a given time, and can be used to compare different companies based on their size.
Northern Market Capitalization vs Competition
Northern Star Resources is considered to be number one stock in market capitalization category among its peers. Market capitalization of Materials industry is now estimated at about 40.91 Billion. Northern Star totals roughly 20.08 Billion in market capitalization claiming about 49% of all equities under Materials industry.
Northern Star Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Northern Star, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Northern Star will eventually generate negative long term returns. The profitability progress is the general direction of Northern Star's change in net profit over the period of time. It can combine multiple indicators of Northern Star, 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 | 102.2 M | 107.3 M | |
| Operating Income | 1 B | 1.1 B | |
| Income Before Tax | 927.4 M | 973.8 M | |
| Total Other Income Expense Net | -102.9 M | -97.8 M | |
| Net Income | 638.5 M | 670.4 M | |
| Income Tax Expense | 288.9 M | 303.3 M | |
| Net Income Applicable To Common Shares | 673 M | 706.6 M | |
| Net Income From Continuing Ops | 638.5 M | 413.2 M | |
| Net Interest Income | -60 M | -57 M | |
| Interest Income | 54.3 M | 57 M | |
| Change To Netincome | -385.6 M | -366.3 M |
Northern Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Northern Star. 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 Northern Star 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 Northern Star's important profitability drivers and their relationship over time.
Use Northern Star 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 Northern Star 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 Northern Star will appreciate offsetting losses from the drop in the long position's value.Northern Star Pair Trading
Northern Star Resources Pair Trading Analysis
The ability to find closely correlated positions to Northern Star could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Northern Star 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 Northern Star - 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 Northern Star Resources to buy it.
The correlation of Northern Star 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 Northern Star moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Northern Star 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 Northern Star 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 Northern Star position
In addition to having Northern Star 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 Insurance Thematic Idea Now
Insurance
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Insurance theme has 61 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 Insurance Theme or any other thematic opportunities.
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Additional Tools for Northern Stock Analysis
When running Northern Star's price analysis, check to measure Northern Star'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 Northern Star is operating at the current time. Most of Northern Star's value examination focuses on studying past and present price action to predict the probability of Northern Star's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northern Star's price. Additionally, you may evaluate how the addition of Northern Star to your portfolios can decrease your overall portfolio volatility.