Asa Gold And Stock Performance
| ASA Stock | USD 20.26 0.45 2.17% |
The firm owns a Beta (Systematic Risk) of -0.0109, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ASA Gold are expected to decrease at a much lower rate. During the bear market, ASA Gold is likely to outperform the market. At this point, ASA Gold has a negative expected return of -0.0093%. Please make sure to confirm ASA Gold's sortino ratio, semi variance, and the relationship between the standard deviation and value at risk , to decide if ASA Gold performance from the past will be repeated in the future.
Risk-Adjusted Performance
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Over the last 90 days ASA Gold and has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, ASA Gold is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short-term losses for the investors. ...more
Actual Historical Performance (%)
One Day Return 0.0987 | Five Day Return (2.22) | Year To Date Return 33.95 | Ten Year Return 96.7 | All Time Return 342.79 |
Forward Dividend Yield 0.002 | Payout Ratio 0.0092 | Last Split Factor 3:1 | Forward Dividend Rate 0.04 | Dividend Date 2018-11-28 |
1 | Mowi ASA Extraordinary General Meeting held | 11/19/2024 |
| ASA Gold dividend paid on 20th of November 2024 | 11/20/2024 |
2 | Havila Shipping ASA Kontraksforlengelser med Equinor Energy AS | 11/25/2024 |
3 | Vow ASA Commercial terms agreed with shipyard for delivery of equipment valued at around NOK 500 million | 12/03/2024 |
4 | Oncoinvent ASA announces oversubscribed private placement | 12/05/2024 |
5 | Vow ASA Last day of the subscription period in the rights issue | 12/09/2024 |
6 | Equinor ASA Share buy-back | 12/10/2024 |
7 | Hofseth Biocare ASA PRIMARY INSIDER NOTIFICATION | 12/12/2024 |
8 | Equinor ASA Kjp av aksjer til aksjeprogram for ansatte | 12/13/2024 |
9 | Havila Shipping ASA Finanstilsynet har godkjent prospekt for notering av nye aksjer | 12/16/2024 |
ASA |
ASA Gold Relative Risk vs. Return Landscape
If you would invest 2,054 in ASA Gold and on September 19, 2024 and sell it today you would lose (28.00) from holding ASA Gold and or give up 1.36% of portfolio value over 90 days. ASA Gold and is generating negative expected returns assuming volatility of 1.5907% on return distribution over 90 days investment horizon. In other words, 14% of stocks are less volatile than ASA, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
ASA Gold Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ASA Gold's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as ASA Gold and, and traders can use it to determine the average amount a ASA Gold's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0058
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | ASA |
Estimated Market Risk
| 1.59 actual daily | 14 86% of assets are more volatile |
Expected Return
| -0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average ASA Gold is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of ASA Gold by adding ASA Gold to a well-diversified portfolio.
ASA Gold Fundamentals Growth
ASA Stock prices reflect investors' perceptions of the future prospects and financial health of ASA Gold, and ASA Gold fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on ASA Stock performance.
| Return On Equity | 0.23 | ||||
| Return On Asset | -0.0069 | ||||
| Profit Margin | 43.74 % | ||||
| Operating Margin | (1.91) % | ||||
| Current Valuation | 380.65 M | ||||
| Shares Outstanding | 19.1 M | ||||
| Price To Earning | 1.70 X | ||||
| Price To Book | 0.95 X | ||||
| Price To Sales | 194.14 X | ||||
| Revenue | 2.39 M | ||||
| Gross Profit | 2.55 M | ||||
| EBITDA | 9.54 M | ||||
| Net Income | 9.73 M | ||||
| Cash And Equivalents | 1.19 M | ||||
| Cash Per Share | 0.06 X | ||||
| Total Debt | 706.53 K | ||||
| Debt To Equity | 0 % | ||||
| Current Ratio | 2.78 X | ||||
| Book Value Per Share | 22.10 X | ||||
| Cash Flow From Operations | 18.35 M | ||||
| Earnings Per Share | 3.25 X | ||||
| Market Capitalization | 381.5 M | ||||
| Total Asset | 335.62 M | ||||
| Retained Earnings | 314.25 M | ||||
About ASA Gold Performance
By analyzing ASA Gold's fundamental ratios, stakeholders can gain valuable insights into ASA Gold's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if ASA Gold has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if ASA Gold has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.03 | 0.04 | |
| Return On Assets | 0.03 | 0.04 | |
| Return On Equity | 0.03 | 0.04 |
Things to note about ASA Gold performance evaluation
Checking the ongoing alerts about ASA Gold for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for ASA Gold help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| ASA Gold generated a negative expected return over the last 90 days | |
| ASA Gold has high likelihood to experience some financial distress in the next 2 years | |
| About 60.0% of the company shares are held by institutions such as insurance companies | |
| On 20th of November 2024 ASA Gold paid $ 0.02 per share dividend to its current shareholders | |
| Latest headline from globenewswire.com: Havila Shipping ASA Finanstilsynet har godkjent prospekt for notering av nye aksjer |
- Analyzing ASA Gold's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether ASA Gold's stock is overvalued or undervalued compared to its peers.
- Examining ASA Gold's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating ASA Gold's management team can have a significant impact on its success or failure. Reviewing the track record and experience of ASA Gold's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of ASA Gold's stock. These opinions can provide insight into ASA Gold's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for ASA Stock analysis
When running ASA Gold's price analysis, check to measure ASA Gold'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 ASA Gold is operating at the current time. Most of ASA Gold's value examination focuses on studying past and present price action to predict the probability of ASA Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ASA Gold's price. Additionally, you may evaluate how the addition of ASA Gold to your portfolios can decrease your overall portfolio volatility.
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