Noble Net Invested Capital from 2010 to 2024
| NOB Stock | CAD 0.07 0.01 7.14% |
Net Invested Capital | First Reported 2010-12-31 | Previous Quarter 10.7 M | Current Value 8.4 M | Quarterly Volatility 4 M |
Check Noble Mineral financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Noble main balance sheet or income statement drivers, such as Other Operating Expenses of 970.9 K, Operating Income of 191.8 K or EBITDA of 191.8 K, as well as many exotic indicators such as Price To Sales Ratio of 1.23, Dividend Yield of 0.0 or PTB Ratio of 0.71. Noble financial statements analysis is a perfect complement when working with Noble Mineral Valuation or Volatility modules.
Noble | Net Invested Capital |
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.Check out the analysis of Noble Mineral Correlation against competitors. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary 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.
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