Northern Sphere Beta vs. Net Income
| NSMCF Stock | USD 0.0001 0.00 0.00% |
For Northern Sphere profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Northern Sphere to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Northern Sphere Mining utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Northern Sphere's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Northern Sphere Mining over time as well as its relative position and ranking within its peers.
Northern |
Northern Sphere Mining Net Income vs. Beta Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Northern Sphere's current stock value. Our valuation model uses many indicators to compare Northern Sphere value to that of its competitors to determine the firm's financial worth. Northern Sphere Mining is considered to be number one stock in beta category among its peers. It also is considered to be number one stock in net income 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 Northern Sphere's earnings, one of the primary drivers of an investment's value.Northern Net Income vs. Beta
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Northern Sphere |
| = | 2.65 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Northern Sphere |
| = | (4 M) |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Northern Net Income Comparison
Northern Sphere is currently under evaluation in net income category among its peers.
Beta Analysis
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Northern Sphere will likely underperform.
Northern Sphere Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Northern Sphere, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Northern Sphere will eventually generate negative long term returns. The profitability progress is the general direction of Northern Sphere's change in net profit over the period of time. It can combine multiple indicators of Northern Sphere, 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.
Northern Sphere Mining Corp., a mineral exploration company, focuses on the acquisition, exploration, and development of precious and base metal projects. Northern Sphere Mining Corp. is headquartered in Toronto, Canada. Northern Sphere operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange.
Northern Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Northern Sphere. 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 Sphere 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 Sphere's important profitability drivers and their relationship over time.
Use Northern Sphere 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 Sphere 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 Sphere will appreciate offsetting losses from the drop in the long position's value.Northern Sphere Pair Trading
Northern Sphere Mining Pair Trading Analysis
The ability to find closely correlated positions to Northern Sphere 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 Sphere 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 Sphere - 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 Sphere Mining to buy it.
The correlation of Northern Sphere 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 Sphere moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Northern Sphere 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 Northern Sphere 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 Sphere position
In addition to having Northern Sphere 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 Corporate Bonds Funds Thematic Idea Now
Corporate Bonds Funds
Funds or Etfs investing in different types of corporate debt instruments. The Corporate Bonds Funds theme has 46 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 Corporate Bonds Funds Theme or any other thematic opportunities.
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Other Information on Investing in Northern Pink Sheet
To fully project Northern Sphere's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Northern Sphere Mining 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 Northern Sphere's income statement, its balance sheet, and the statement of cash flows.