NEW PACIFIC Return On Equity vs. Return On Asset
| 3N7A Stock | EUR 1.16 0.01 0.85% |
For NEW PACIFIC profitability analysis, we use financial ratios and fundamental drivers that measure the ability of NEW PACIFIC to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well NEW PACIFIC METALS utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between NEW PACIFIC's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of NEW PACIFIC METALS over time as well as its relative position and ranking within its peers.
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NEW PACIFIC METALS Return On Asset vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining NEW PACIFIC's current stock value. Our valuation model uses many indicators to compare NEW PACIFIC value to that of its competitors to determine the firm's financial worth. NEW PACIFIC METALS is rated below average in return on equity category among its peers. It also is rated below average in return on asset 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 NEW PACIFIC's earnings, one of the primary drivers of an investment's value.NEW Return On Asset 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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| = | -0.0596 |
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.
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.
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| = | -0.0314 |
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.
NEW Return On Asset Comparison
NEW PACIFIC is rated fifth in return on asset category among its peers.
NEW PACIFIC Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in NEW PACIFIC, profitability is also one of the essential criteria for including it into their portfolios because, without profit, NEW PACIFIC will eventually generate negative long term returns. The profitability progress is the general direction of NEW PACIFIC's change in net profit over the period of time. It can combine multiple indicators of NEW PACIFIC, 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.
New Pacific Metals Corp., together with its subsidiaries, engages in the exploration and development of mineral properties in Bolivia and Canada. New Pacific Metals Corp. is headquartered in Vancouver, Canada. NEW PACIFIC operates under Other Precious Metals Mining classification in Germany and is traded on Frankfurt Stock Exchange.
NEW Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on NEW PACIFIC. 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 PACIFIC 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 PACIFIC's important profitability drivers and their relationship over time.
Use NEW PACIFIC 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 PACIFIC 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 PACIFIC will appreciate offsetting losses from the drop in the long position's value.NEW PACIFIC Pair Trading
NEW PACIFIC METALS Pair Trading Analysis
The ability to find closely correlated positions to NEW PACIFIC 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 PACIFIC 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 PACIFIC - 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 PACIFIC METALS to buy it.
The correlation of NEW PACIFIC 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 PACIFIC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NEW PACIFIC METALS 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 PACIFIC 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 PACIFIC position
In addition to having NEW PACIFIC 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 Plastics Thematic Idea Now
Plastics
Companies manufacturing rubber and plastics accessories. The Plastics theme has 43 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 Plastics Theme or any other thematic opportunities.
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Additional Information and Resources on Investing in NEW Stock
When determining whether NEW PACIFIC METALS is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if NEW Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about New Pacific Metals Stock. Highlighted below are key reports to facilitate an investment decision about New Pacific Metals Stock:Check out Trending Equities. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
To fully project NEW PACIFIC's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of NEW PACIFIC METALS 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 NEW PACIFIC's income statement, its balance sheet, and the statement of cash flows.