Noble Price To Sales Ratio vs Free Cash Flow Yield Analysis

NOB Stock

CAD 0.07 0.01 7.14%

Noble Mineral financial indicator trend analysis is infinitely more than just investigating Noble Mineral Exploration recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Noble Mineral Exploration is a good investment. Please check the relationship between Noble Mineral Price To Sales Ratio and its Free Cash Flow Yield accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Noble Mineral Exploration. 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.

Price To Sales Ratio vs Free Cash Flow Yield

Price To Sales Ratio vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Noble Mineral Exploration Price To Sales Ratio account and Free Cash Flow Yield. At this time, the significance of the direction appears to have strong relationship.

The correlation between Noble Mineral's Price To Sales Ratio and Free Cash Flow Yield is 0.71. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Noble Mineral Exploration, assuming nothing else is changed. The correlation between historical values of Noble Mineral's Price To Sales Ratio and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of Noble Mineral Exploration are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Price To Sales Ratio i.e., Noble Mineral's Price To Sales Ratio and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

0.71

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Noble Mineral Exploration stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Noble Mineral sales, a figure that is much harder to manipulate than other Noble Mineral Exploration multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period.

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Most indicators from Noble Mineral's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Noble Mineral Exploration current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Noble Mineral Exploration. 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.

At this time, Noble Mineral's Issuance Of Capital Stock is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 0.36 in 2024, whereas Selling General Administrative is likely to drop slightly above 1 M in 2024.

Noble Mineral fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Total Liab	Total Current Assets	Common Stock	Non Currrent Assets Other	Other Current Assets	Inventory	Other Stockholder Equity	Short Long Term Debt Total	Short Term Investments	Short Term Debt	Net Tangible Assets	Long Term Debt	Short Long Term Debt
Total Assets		-0.36	-0.3	0.86	0.72	0.14	0.01	-0.04	0.58	0.7	0.65	0.22	0.47	0.21	0.66	0.52	-0.64	0.16	-0.43	-0.05	0.39	0.64	0.31	0.65	0.14	-0.01
Other Current Liab	-0.36		0.73	-0.42	-0.34	-0.06	-0.41	0.55	-0.12	-0.31	-0.18	-0.09	-0.22	0.22	-0.19	-0.09	-0.26	-0.22	-0.22	-0.08	-0.16	-0.19	-0.26	-0.41	0.06	-0.34
Total Current Liabilities	-0.3	0.73		-0.47	-0.01	0.22	-0.4	0.56	-0.25	-0.05	-0.38	0.19	-0.48	0.46	-0.38	-0.31	-0.13	0.19	-0.3	0.27	0.13	-0.41	0.23	-0.58	-0.22	0.03
Total Stockholder Equity	0.86	-0.42	-0.47		0.44	-0.22	0.05	-0.18	0.67	0.39	0.87	0.03	0.8	-0.22	0.87	0.8	-0.68	-0.15	-0.15	-0.24	0.01	0.87	0.0	0.93	0.43	-0.25
Property Plant And Equipment Net	0.72	-0.34	-0.01	0.44		0.71	0.06	0.08	-0.02	0.98	0.0	0.32	0.03	0.65	0.01	0.15	-0.32	0.64	-0.37	0.11	0.83	0.0	0.76	0.13	-0.12	0.44
Net Debt	0.14	-0.06	0.22	-0.22	0.71		0.14	0.19	-0.59	0.78	-0.61	0.2	-0.53	0.89	-0.6	-0.42	0.12	0.86	-0.09	0.2	0.94	-0.59	0.85	-0.48	-0.46	0.76
Retained Earnings	0.01	-0.41	-0.4	0.05	0.06	0.14		-0.4	0.0	0.07	-0.04	-0.07	-0.11	-0.05	-0.04	-0.19	0.32	0.34	0.73	-0.6	0.17	-0.02	0.14	0.1	-0.19	0.59
Accounts Payable	-0.04	0.55	0.56	-0.18	0.08	0.19	-0.4		-0.12	0.09	-0.14	0.58	-0.15	0.42	-0.13	0.02	-0.41	0.06	-0.41	0.04	0.16	-0.16	0.14	-0.26	0.09	-0.12
Cash	0.58	-0.12	-0.25	0.67	-0.02	-0.59	0.0	-0.12		-0.07	0.85	0.15	0.5	-0.32	0.86	0.5	-0.46	-0.37	-0.17	-0.17	-0.29	0.78	-0.3	0.66	0.2	-0.41
Non Current Assets Total	0.7	-0.31	-0.05	0.39	0.98	0.78	0.07	0.09	-0.07		-0.05	0.28	-0.01	0.72	-0.04	0.11	-0.29	0.68	-0.33	0.11	0.89	-0.06	0.78	0.09	-0.16	0.49
Cash And Short Term Investments	0.65	-0.18	-0.38	0.87	0.0	-0.61	-0.04	-0.14	0.85	-0.05		-0.03	0.78	-0.49	1.0	0.74	-0.65	-0.5	-0.12	-0.26	-0.38	0.99	-0.39	0.91	0.46	-0.53
Net Receivables	0.22	-0.09	0.19	0.03	0.32	0.2	-0.07	0.58	0.15	0.28	-0.03		-0.27	0.4	-0.01	-0.2	0.0	0.19	-0.22	0.28	0.33	-0.07	0.31	-0.16	-0.21	0.14
Common Stock Shares Outstanding	0.47	-0.22	-0.48	0.8	0.03	-0.53	-0.11	-0.15	0.5	-0.01	0.78	-0.27		-0.58	0.78	0.97	-0.63	-0.54	-0.08	-0.39	-0.42	0.81	-0.41	0.91	0.76	-0.6
Total Liab	0.21	0.22	0.46	-0.22	0.65	0.89	-0.05	0.42	-0.32	0.72	-0.49	0.4	-0.58		-0.48	-0.41	-0.04	0.74	-0.29	0.28	0.91	-0.51	0.77	-0.53	-0.48	0.57
Total Current Assets	0.66	-0.19	-0.38	0.87	0.01	-0.6	-0.04	-0.13	0.86	-0.04	1.0	-0.01	0.78	-0.48		0.74	-0.66	-0.48	-0.13	-0.26	-0.37	0.99	-0.37	0.91	0.45	-0.52
Common Stock	0.52	-0.09	-0.31	0.8	0.15	-0.42	-0.19	0.02	0.5	0.11	0.74	-0.2	0.97	-0.41	0.74		-0.76	-0.43	-0.2	-0.39	-0.29	0.75	-0.29	0.86	0.75	-0.57
Non Currrent Assets Other	-0.64	-0.26	-0.13	-0.68	-0.32	0.12	0.32	-0.41	-0.46	-0.29	-0.65	0.0	-0.63	-0.04	-0.66	-0.76		0.15	0.48	0.27	0.0	-0.66	0.0	-0.6	-0.43	0.4
Other Current Assets	0.16	-0.22	0.19	-0.15	0.64	0.86	0.34	0.06	-0.37	0.68	-0.5	0.19	-0.54	0.74	-0.48	-0.43	0.15		0.03	0.05	0.86	-0.51	0.95	-0.37	-0.58	0.93
Inventory	-0.43	-0.22	-0.3	-0.15	-0.37	-0.09	0.73	-0.41	-0.17	-0.33	-0.12	-0.22	-0.08	-0.29	-0.13	-0.2	0.48	0.03		-0.44	-0.16	-0.09	-0.14	0.02	-0.14	0.34
Other Stockholder Equity	-0.05	-0.08	0.27	-0.24	0.11	0.2	-0.6	0.04	-0.17	0.11	-0.26	0.28	-0.39	0.28	-0.26	-0.39	0.27	0.05	-0.44		0.18	-0.28	0.19	-0.39	-0.28	-0.04
Short Long Term Debt Total	0.39	-0.16	0.13	0.01	0.83	0.94	0.17	0.16	-0.29	0.89	-0.38	0.33	-0.42	0.91	-0.37	-0.29	0.0	0.86	-0.16	0.18		-0.39	0.89	-0.3	-0.47	0.73
Short Term Investments	0.64	-0.19	-0.41	0.87	0.0	-0.59	-0.02	-0.16	0.78	-0.06	0.99	-0.07	0.81	-0.51	0.99	0.75	-0.66	-0.51	-0.09	-0.28	-0.39		-0.4	0.92	0.49	-0.53
Short Term Debt	0.31	-0.26	0.23	0.0	0.76	0.85	0.14	0.14	-0.3	0.78	-0.39	0.31	-0.41	0.77	-0.37	-0.29	0.0	0.95	-0.14	0.19	0.89	-0.4		-0.27	-0.51	0.82
Net Tangible Assets	0.65	-0.41	-0.58	0.93	0.13	-0.48	0.1	-0.26	0.66	0.09	0.91	-0.16	0.91	-0.53	0.91	0.86	-0.6	-0.37	0.02	-0.39	-0.3	0.92	-0.27		0.58	-0.39
Long Term Debt	0.14	0.06	-0.22	0.43	-0.12	-0.46	-0.19	0.09	0.2	-0.16	0.46	-0.21	0.76	-0.48	0.45	0.75	-0.43	-0.58	-0.14	-0.28	-0.47	0.49	-0.51	0.58		-0.64
Short Long Term Debt	-0.01	-0.34	0.03	-0.25	0.44	0.76	0.59	-0.12	-0.41	0.49	-0.53	0.14	-0.6	0.57	-0.52	-0.57	0.4	0.93	0.34	-0.04	0.73	-0.53	0.82	-0.39	-0.64

Click cells to compare fundamentals

Noble Mineral Account Relationship Matchups

Noble Mineral fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	9.7M	14.6M	11.6M	9.7M	11.2M	5.7M
Other Current Liab	630.1K	632.2K	738.2K	410.3K	471.9K	715.4K
Total Current Liabilities	964.9K	883.9K	738.2K	410.3K	471.9K	916.6K
Total Stockholder Equity	8.7M	13.7M	10.9M	9.3M	10.7M	11.3M
Property Plant And Equipment Net	3.2M	4.1M	3.3M	4.9M	5.6M	3.0M
Net Debt	(41.8K)	(1.9M)	(2.2M)	(548.3K)	(493.5K)	(468.8K)
Retained Earnings	(22.3M)	(20.6M)	(17.2M)	(19.5M)	(17.5M)	(18.4M)
Accounts Payable	137.2K	334.8K	138.9K	248.9K	286.2K	284.9K
Cash	376.7K	2.1M	2.2M	548.3K	630.5K	494.0K
Non Current Assets Total	3.2M	4.1M	3.3M	4.9M	5.6M	3.4M
Cash And Short Term Investments	6.5M	10.5M	8.3M	4.8M	5.5M	5.8M
Net Receivables	70.4K	36.4K	59.4K	13.9K	16.0K	15.2K
Common Stock Shares Outstanding	139.2M	164.9M	204.2M	223.1M	256.6M	269.4M
Liabilities And Stockholders Equity	9.7M	14.6M	11.6M	9.7M	11.2M	5.7M
Total Liab	964.9K	883.9K	738.2K	410.3K	471.9K	448.3K
Total Current Assets	6.5M	10.6M	8.3M	4.9M	5.6M	5.9M
Common Stock	15.6M	20.4M	25.2M	25.8M	29.7M	31.2M
Other Current Assets	2.5K	20.4K	17.2K	31.6K	28.4K	27.0K
Other Stockholder Equity	17.1M	15.4M	13.9M	2.9M	3.3M	3.1M
Accumulated Other Comprehensive Income	15.4M	13.9M	2.9M	3.0M	3.4M	6.7M
Short Term Investments	6.1M	8.4M	6.1M	4.3M	4.9M	5.1M
Net Tangible Assets	4.3M	8.7M	13.7M	10.9M	12.5M	13.1M
Property Plant Equipment	3.2M	3.2M	4.1M	3.3M	3.8M	3.0M
Net Invested Capital	9.1M	14.0M	10.9M	9.3M	10.7M	8.4M
Net Working Capital	5.6M	9.7M	7.6M	4.4M	5.1M	4.7M
Capital Stock	15.6M	20.4M	25.2M	25.8M	29.7M	16.0M

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.

Pair Correlation Correlation Matching

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Noble Mineral Exploration. 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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

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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Please note, there is a significant difference between Noble Mineral's value and its price as these two are different measures arrived at by different means. Investors typically determine if Noble Mineral is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Noble Mineral's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Noble Price To Sales Ratio vs Free Cash Flow Yield Analysis

Price To Sales Ratio vs Free Cash Flow Yield

Price To Sales Ratio vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Price To Sales Ratio

Free Cash Flow Yield

Noble Mineral fundamental ratios Correlations

Noble Mineral Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Noble Mineral fundamental ratios Accounts

Pair Trading with Noble Mineral

Complementary Tools for Noble Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Cash And Short Term Investments
Short Term Investments	+ 0.99	Cash And Short Term Investments
Short Term Investments	+ 0.99	Total Current Assets
Non Current Assets Total	+ 0.98	Property Plant And Equipment Net
Common Stock	+ 0.97	Common Stock Shares Outstanding
Short Term Debt	+ 0.95	Other Current Assets

Non Currrent Assets Other	- 0.76	Common Stock
Non Currrent Assets Other	- 0.68	Total Stockholder Equity
Short Term Investments	- 0.66	Non Currrent Assets Other
Non Currrent Assets Other	- 0.66	Total Current Assets
Non Currrent Assets Other	- 0.65	Cash And Short Term Investments
Short Long Term Debt	- 0.64	Long Term Debt