Giga Metals Performance
| HNCKFDelisted Stock | USD 0.19 0.01 5.56% |
The company retains a Market Volatility (i.e., Beta) of 0.0025, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Giga Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Giga Metals is expected to be smaller as well. Giga Metals right now retains a risk of 0.0%. Please check out Giga Metals value at risk, kurtosis, and the relationship between the sortino ratio and semi variance , to decide if Giga Metals will be following its current trending patterns.
Risk-Adjusted Performance
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Over the last 90 days Giga Metals has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable forward-looking signals, Giga Metals is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders. ...more
| Begin Period Cash Flow | 3.8 M | |
| Total Cashflows From Investing Activities | -6.6 M |
Giga |
Giga Metals Relative Risk vs. Return Landscape
If you would invest 19.00 in Giga Metals on September 1, 2024 and sell it today you would earn a total of 0.00 from holding Giga Metals or generate 0.0% return on investment over 90 days. Giga Metals is currently producing negative expected returns and takes up 0.0% volatility of returns over 90 trading days. Put another way, 0% of traded otc stocks are less volatile than Giga, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Giga Metals Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Giga Metals' investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as Giga Metals, and traders can use it to determine the average amount a Giga Metals' 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 = 0.0
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Based on monthly moving average Giga Metals 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 Giga Metals by adding Giga Metals to a well-diversified portfolio.
Giga Metals Fundamentals Growth
Giga OTC Stock prices reflect investors' perceptions of the future prospects and financial health of Giga Metals, and Giga Metals 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 Giga OTC Stock performance.
| Return On Equity | -0.15 | |||
| Return On Asset | -0.0914 | |||
| Current Valuation | 16.97 M | |||
| Shares Outstanding | 97.9 M | |||
| Price To Earning | 6.68 X | |||
| Price To Book | 1.41 X | |||
| EBITDA | (2.62 M) | |||
| Cash And Equivalents | 2.88 M | |||
| Cash Per Share | 0.03 X | |||
| Total Debt | 40 K | |||
| Debt To Equity | 0.01 % | |||
| Book Value Per Share | 0.23 X | |||
| Cash Flow From Operations | (1.83 M) | |||
| Earnings Per Share | (0.03) X | |||
| Total Asset | 14.99 M | |||
About Giga Metals Performance
By analyzing Giga Metals' fundamental ratios, stakeholders can gain valuable insights into Giga Metals' financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Giga Metals 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 Giga Metals has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Giga Metals Corporation engages in the acquisition, exploration, and development of mineral properties in Canada. Giga Metals Corporation was incorporated in 1983 and is headquartered in Vancouver, Canada. Giga Metals is traded on OTC Exchange in the United States.Things to note about Giga Metals performance evaluation
Checking the ongoing alerts about Giga Metals for important developments is a great way to find new opportunities for your next move. OTC Stock alerts and notifications screener for Giga Metals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Giga Metals is not yet fully synchronised with the market data | |
| Giga Metals has some characteristics of a very speculative penny stock | |
| Giga Metals has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (2.74 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Giga Metals has accumulated about 2.88 M in cash with (1.83 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03. |
- Analyzing Giga Metals' 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 Giga Metals' stock is overvalued or undervalued compared to its peers.
- Examining Giga Metals' 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 Giga Metals' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Giga Metals' management team can help you assess the OTC Stock's leadership.
- Pay attention to analyst opinions and ratings of Giga Metals' otc stock. These opinions can provide insight into Giga Metals' potential for growth and whether the stock is currently undervalued or overvalued.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as signals in industry. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Other Consideration for investing in Giga OTC Stock
If you are still planning to invest in Giga Metals check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Giga Metals' history and understand the potential risks before investing.
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