Western Magnesium Stock Performance
The firm maintains a market beta of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and Western Magnesium are completely uncorrelated.
Risk-Adjusted Performance
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Over the last 90 days Western Magnesium has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Stock's basic indicators remain nearly stable which may send shares a bit higher in December 2024. The current disturbance may also be a sign of long-run up-swing for the company stockholders. ...more
| Begin Period Cash Flow | 52.7 K | |
| Total Cashflows From Investing Activities | -2.1 M |
Western |
Western Magnesium Relative Risk vs. Return Landscape
If you would invest 0.01 in Western Magnesium on August 28, 2024 and sell it today you would lose (0.01) from holding Western Magnesium or give up 100.0% of portfolio value over 90 days. Western Magnesium is currently does not generate positive expected returns and assumes 12.5988% risk (volatility on return distribution) over the 90 days horizon. In different words, most equities are less risky than Western, and most traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Western Magnesium Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Western Magnesium's investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as Western Magnesium, and traders can use it to determine the average amount a Western Magnesium'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 = -0.126
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Estimated Market Risk
| 12.6 actual daily | 96 96% of assets are less volatile |
Expected Return
| -1.59 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.13 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Western Magnesium 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 Western Magnesium by adding Western Magnesium to a well-diversified portfolio.
Western Magnesium Fundamentals Growth
Western Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of Western Magnesium, and Western Magnesium 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 Western Pink Sheet performance.
| Return On Equity | -32.34 | |||
| Return On Asset | -2.42 | |||
| Current Valuation | 40.37 M | |||
| Shares Outstanding | 451.08 M | |||
| Price To Book | 46.20 X | |||
| EBITDA | (23.25 M) | |||
| Cash And Equivalents | 16.7 K | |||
| Total Debt | 2.4 M | |||
| Debt To Equity | 0.15 % | |||
| Book Value Per Share | (0) X | |||
| Cash Flow From Operations | (6.37 M) | |||
| Earnings Per Share | (0.08) X | |||
| Total Asset | 4.51 M | |||
About Western Magnesium Performance
By analyzing Western Magnesium's fundamental ratios, stakeholders can gain valuable insights into Western Magnesium's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Western Magnesium 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 Western Magnesium has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Western Magnesium Corporation engages in the exploration and development of mineral properties in the United States. Western Magnesium Corporation was incorporated in 1966 and is headquartered in McLean, United States.Western Magnesium Corporation operates as a subsidiary of Phibro Animal Health Corporation. Western Magnesium operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange. It employs 30 people.Things to note about Western Magnesium performance evaluation
Checking the ongoing alerts about Western Magnesium for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for Western Magnesium help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Western Magnesium generated a negative expected return over the last 90 days | |
| Western Magnesium has high historical volatility and very poor performance | |
| Western Magnesium has some characteristics of a very speculative penny stock | |
| Western Magnesium has a very high chance of going through financial distress in the upcoming years | |
| Western Magnesium currently holds 2.4 M in liabilities with Debt to Equity (D/E) ratio of 0.15, which may suggest the company is not taking enough advantage from borrowing. Western Magnesium has a current ratio of 0.11, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Western Magnesium until it has trouble settling it off, either with new capital or with free cash flow. So, Western Magnesium's 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 Western Magnesium sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Western to invest in growth at high rates of return. When we think about Western Magnesium's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (23.55 M) with loss before overhead, payroll, taxes, and interest of (515.52 K). | |
| Western Magnesium currently holds about 16.7 K in cash with (6.37 M) of positive cash flow from operations. |
- Analyzing Western Magnesium'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 Western Magnesium's stock is overvalued or undervalued compared to its peers.
- Examining Western Magnesium'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 Western Magnesium's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Western Magnesium's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Western Magnesium's pink sheet. These opinions can provide insight into Western Magnesium's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Western Pink Sheet analysis
When running Western Magnesium's price analysis, check to measure Western Magnesium'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 Western Magnesium is operating at the current time. Most of Western Magnesium's value examination focuses on studying past and present price action to predict the probability of Western Magnesium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Western Magnesium's price. Additionally, you may evaluate how the addition of Western Magnesium to your portfolios can decrease your overall portfolio volatility.
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