New Destiny Book Value Per Share vs. Current Ratio
| 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 Current Ratio vs. Book Value Per Share 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 rated below average in book value per share category among its peers. It is rated below average in current ratio 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 Destiny's earnings, one of the primary drivers of an investment's value.New Current Ratio vs. Book Value Per Share
Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
New Destiny |
| = | (0.06) X |
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
New Destiny |
| = | 0.05 X |
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
New Current Ratio Comparison
New Destiny is currently under evaluation in current ratio category among its peers.
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 Target Risk ETFs Thematic Idea Now
Target Risk ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Target Risk ETFs theme has 32 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 Target Risk ETFs 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.