Noble Mineral Exploration Stock Net Asset
| NOB Stock | CAD 0.07 0.01 7.14% |
Noble Mineral Exploration fundamentals help investors to digest information that contributes to Noble Mineral's financial success or failures. It also enables traders to predict the movement of Noble Stock. The fundamental analysis module provides a way to measure Noble Mineral'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 Noble Mineral stock.
Noble | Net Asset |
Noble Mineral Exploration Company Net Asset Analysis
Noble Mineral's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current Noble Mineral Net Asset | 9.74 M |
Most of Noble Mineral's fundamental indicators, such as Net Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Noble Mineral Exploration is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Noble Net Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Noble Mineral is extremely important. It helps to project a fair market value of Noble Stock properly, considering its historical fundamentals such as Net Asset. Since Noble Mineral's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Noble Mineral's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Noble Mineral's interrelated accounts and indicators.
Click cells to compare fundamentals
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
| Competition |
Noble Total Assets
Total Assets |
|
Based on the recorded statements, Noble Mineral Exploration has a Net Asset of 9.74 M. This is much higher than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The net asset for all Canada stocks is notably lower than that of the firm.
Noble Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Noble Mineral's direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Noble Mineral could also be used in its relative valuation, which is a method of valuing Noble Mineral by comparing valuation metrics of similar companies.Noble Mineral is currently under evaluation in net asset category among its peers.
Noble Mineral Current Valuation Drivers
We derive many important indicators used in calculating different scores of Noble Mineral from analyzing Noble Mineral's financial statements. These drivers represent accounts that assess Noble Mineral's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Noble Mineral's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 10.0M | 14.0M | 12.3M | 8.9M | 8.0M | 8.4M | |
| Enterprise Value | 9.9M | 12.1M | 10.1M | 8.4M | 7.5M | 7.9M |
Noble Fundamentals
| Return On Equity | 0.003 | |||
| Return On Asset | -0.039 | |||
| Current Valuation | 9.01 M | |||
| Shares Outstanding | 137.55 M | |||
| Shares Owned By Insiders | 4.61 % | |||
| Number Of Shares Shorted | 97.88 K | |||
| Price To Earning | 15.62 X | |||
| Price To Book | 2.02 X | |||
| EBITDA | 202.94 K | |||
| Net Income | (2.24 M) | |||
| Cash And Equivalents | 1.05 M | |||
| Cash Per Share | 0.01 X | |||
| Debt To Equity | 0.43 % | |||
| Current Ratio | 1.78 X | |||
| Book Value Per Share | 0.05 X | |||
| Cash Flow From Operations | (1.17 M) | |||
| Short Ratio | 0.67 X | |||
| Earnings Per Share | 0.04 X | |||
| Beta | 2.89 | |||
| Market Capitalization | 8.94 M | |||
| Total Asset | 9.74 M | |||
| Retained Earnings | (19.49 M) | |||
| Working Capital | 4.45 M | |||
| Net Asset | 9.74 M |
About Noble Mineral Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Noble Mineral Exploration's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Noble Mineral using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Noble Mineral Exploration 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 Noble Mineral
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 Noble Mineral 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 Noble Mineral will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Noble Mineral could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Noble Mineral 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 Noble Mineral - 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 Noble Mineral Exploration to buy it.
The correlation of Noble Mineral 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 Noble Mineral moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Noble Mineral Exploration 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 Noble Mineral 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.Additional Tools for Noble Stock Analysis
When running Noble Mineral's price analysis, check to measure Noble Mineral'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 Noble Mineral is operating at the current time. Most of Noble Mineral's value examination focuses on studying past and present price action to predict the probability of Noble Mineral's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Noble Mineral's price. Additionally, you may evaluate how the addition of Noble Mineral to your portfolios can decrease your overall portfolio volatility.