Groove Botanicals Stock Performance
| GRVE Stock | USD 0 0.0005 9.26% |
The company retains a Market Volatility (i.e., Beta) of 0.42, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Groove Botanicals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Groove Botanicals is expected to be smaller as well. At this point, Groove Botanicals has a negative expected return of -0.83%. Please make sure to check out Groove Botanicals' information ratio, kurtosis, as well as the relationship between the Kurtosis and price action indicator , to decide if Groove Botanicals performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Groove Botanicals has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Stock's basic indicators remain rather sound which may send shares a bit higher in December 2024. The latest tumult may also be a sign of longer-term up-swing for the firm shareholders. ...more
| Other Cashflows From Financing Activities | -31.5 K |
Groove |
Groove Botanicals Relative Risk vs. Return Landscape
If you would invest 1.00 in Groove Botanicals on September 1, 2024 and sell it today you would lose (0.51) from holding Groove Botanicals or give up 51.0% of portfolio value over 90 days. Groove Botanicals is currently does not generate positive expected returns and assumes 6.6894% risk (volatility on return distribution) over the 90 days horizon. In different words, 59% of pink sheets are less volatile than Groove, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Groove Botanicals Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Groove Botanicals' investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as Groove Botanicals, and traders can use it to determine the average amount a Groove Botanicals' 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 = -0.1239
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Estimated Market Risk
| 6.69 actual daily | 59 59% of assets are less volatile |
Expected Return
| -0.83 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.12 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Groove Botanicals 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 Groove Botanicals by adding Groove Botanicals to a well-diversified portfolio.
Groove Botanicals Fundamentals Growth
Groove Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of Groove Botanicals, and Groove Botanicals 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 Groove Pink Sheet performance.
| Return On Asset | -4.77 | |||
| Operating Margin | (50.62) % | |||
| Current Valuation | 1.41 M | |||
| Shares Outstanding | 28.29 M | |||
| Price To Sales | 197.53 X | |||
| Revenue | 8.05 K | |||
| EBITDA | (82.7 K) | |||
| Cash And Equivalents | 99.38 K | |||
| Total Debt | 169.2 K | |||
| Debt To Equity | 9.00 % | |||
| Book Value Per Share | (0.01) X | |||
| Cash Flow From Operations | (72.91 K) | |||
| Earnings Per Share | (0.02) X | |||
About Groove Botanicals Performance
By analyzing Groove Botanicals' fundamental ratios, stakeholders can gain valuable insights into Groove Botanicals' financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Groove Botanicals 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 Groove Botanicals has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
The company was formerly known as Avalon Oil Gas, Inc. and changed its name to Groove Botanicals, Inc. in May 2018. Groove Botanicals operates under Drug ManufacturersSpecialty Generic classification in the United States and is traded on OTC Exchange. It employs 1 people.Things to note about Groove Botanicals performance evaluation
Checking the ongoing alerts about Groove Botanicals for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for Groove Botanicals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Groove Botanicals generated a negative expected return over the last 90 days | |
| Groove Botanicals has high historical volatility and very poor performance | |
| Groove Botanicals has some characteristics of a very speculative penny stock | |
| Groove Botanicals currently holds 169.2 K in liabilities with Debt to Equity (D/E) ratio of 9.0, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Groove Botanicals has a current ratio of 0.08, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Groove Botanicals until it has trouble settling it off, either with new capital or with free cash flow. So, Groove Botanicals' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Groove Botanicals sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Groove to invest in growth at high rates of return. When we think about Groove Botanicals' use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 8.05 K. Net Loss for the year was (290.46 K) with profit before overhead, payroll, taxes, and interest of 8.05 K. | |
| Groove Botanicals currently holds about 99.38 K in cash with (72.91 K) of positive cash flow from operations. |
- Analyzing Groove Botanicals' 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 Groove Botanicals' stock is overvalued or undervalued compared to its peers.
- Examining Groove Botanicals' 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 Groove Botanicals' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Groove Botanicals' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Groove Botanicals' pink sheet. These opinions can provide insight into Groove Botanicals' potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Groove Pink Sheet analysis
When running Groove Botanicals' price analysis, check to measure Groove Botanicals' 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 Groove Botanicals is operating at the current time. Most of Groove Botanicals' value examination focuses on studying past and present price action to predict the probability of Groove Botanicals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Groove Botanicals' price. Additionally, you may evaluate how the addition of Groove Botanicals to your portfolios can decrease your overall portfolio volatility.
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