Northstar Gaming Holdings Stock Price To Earning
| BET Stock | CAD 0.07 0.01 6.25% |
NorthStar Gaming Holdings fundamentals help investors to digest information that contributes to NorthStar Gaming's financial success or failures. It also enables traders to predict the movement of NorthStar Stock. The fundamental analysis module provides a way to measure NorthStar Gaming's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to NorthStar Gaming stock.
NorthStar |
NorthStar Gaming Holdings Company Price To Earning Analysis
NorthStar Gaming's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
| Competition |
Based on the latest financial disclosure, NorthStar Gaming Holdings has a Price To Earning of 0.0 times. This is 100.0% lower than that of the Entertainment sector and about the same as Communication Services (which currently averages 0.0) industry. The price to earning for all Canada stocks is 100.0% higher than that of the company.
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NorthStar Fundamentals
| Return On Asset | -1.67 | |||
| Profit Margin | (1.52) % | |||
| Operating Margin | (0.89) % | |||
| Current Valuation | 21.47 M | |||
| Shares Outstanding | 192.79 M | |||
| Shares Owned By Insiders | 66.30 % | |||
| Shares Owned By Institutions | 1.86 % | |||
| Number Of Shares Shorted | 3.67 K | |||
| Price To Sales | 1.01 X | |||
| Revenue | 16.16 M | |||
| EBITDA | (21.58 M) | |||
| Net Income | (156.62 K) | |||
| Cash And Equivalents | 53.03 K | |||
| Cash Per Share | 0.01 X | |||
| Current Ratio | 140.15 X | |||
| Book Value Per Share | (0.05) X | |||
| Cash Flow From Operations | (46.18 K) | |||
| Earnings Per Share | (0.08) X | |||
| Beta | -0.08 | |||
| Market Capitalization | 14.46 M |
About NorthStar Gaming Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze NorthStar Gaming Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NorthStar Gaming using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NorthStar Gaming Holdings based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with NorthStar Gaming
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 NorthStar Gaming 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 NorthStar Gaming will appreciate offsetting losses from the drop in the long position's value.Moving together with NorthStar Stock
| 0.76 | ASM | Avino Silver Gold | PairCorr |
| 0.72 | CNQ | Canadian Natural Res Earnings Call This Week | PairCorr |
| 0.74 | VCM | Vecima Networks | PairCorr |
| 0.63 | BIP-PB | Brookfield Infrastructure | PairCorr |
Moving against NorthStar Stock
| 0.71 | ECN | ECN Capital Corp | PairCorr |
The ability to find closely correlated positions to NorthStar Gaming could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NorthStar Gaming 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 NorthStar Gaming - 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 NorthStar Gaming Holdings to buy it.
The correlation of NorthStar Gaming 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 NorthStar Gaming moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NorthStar Gaming Holdings 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 NorthStar Gaming 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in NorthStar Gaming Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for NorthStar Stock analysis
When running NorthStar Gaming's price analysis, check to measure NorthStar Gaming'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 NorthStar Gaming is operating at the current time. Most of NorthStar Gaming's value examination focuses on studying past and present price action to predict the probability of NorthStar Gaming's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NorthStar Gaming's price. Additionally, you may evaluate how the addition of NorthStar Gaming to your portfolios can decrease your overall portfolio volatility.
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