Nevgold Corp Stock Performance
| NAUFF Stock | USD 0.16 0.01 5.88% |
The company secures a Beta (Market Risk) of 1.82, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, NevGold Corp will likely underperform. At this point, NevGold Corp has a negative expected return of -0.21%. Please make sure to verify NevGold Corp's treynor ratio, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if NevGold Corp 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 NevGold Corp 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 technical and fundamental indicators remain nearly stable which may send shares a bit higher in January 2025. The current disturbance may also be a sign of long-run up-swing for the company stockholders. ...more
| Begin Period Cash Flow | 1.00 | |
| Total Cashflows From Investing Activities | -2.8 M |
NevGold |
NevGold Corp Relative Risk vs. Return Landscape
If you would invest 21.00 in NevGold Corp on September 3, 2024 and sell it today you would lose (5.00) from holding NevGold Corp or give up 23.81% of portfolio value over 90 days. NevGold Corp is currently producing negative expected returns and takes up 6.6824% volatility of returns over 90 trading days. Put another way, 59% of traded otc stocks are less volatile than NevGold, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
NevGold Corp Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NevGold Corp's investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as NevGold Corp, and traders can use it to determine the average amount a NevGold Corp'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 = -0.031
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| Negative Returns | NAUFF |
Estimated Market Risk
| 6.68 actual daily | 59 59% of assets are less volatile |
Expected Return
| -0.21 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average NevGold Corp 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 NevGold Corp by adding NevGold Corp to a well-diversified portfolio.
NevGold Corp Fundamentals Growth
NevGold OTC Stock prices reflect investors' perceptions of the future prospects and financial health of NevGold Corp, and NevGold Corp 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 NevGold OTC Stock performance.
| Return On Equity | -0.0102 | |||
| Return On Asset | -0.0078 | |||
| Current Valuation | 16.26 M | |||
| Shares Outstanding | 67.76 M | |||
| Price To Earning | 0.50 X | |||
| Price To Book | 1.59 X | |||
| EBITDA | (2.88 M) | |||
| Cash And Equivalents | 87.13 K | |||
| Total Debt | 279 K | |||
| Debt To Equity | 0.03 % | |||
| Book Value Per Share | 0.25 X | |||
| Cash Flow From Operations | (1.24 M) | |||
| Earnings Per Share | 0.66 X | |||
| Total Asset | 11.11 M | |||
About NevGold Corp Performance
By analyzing NevGold Corp's fundamental ratios, stakeholders can gain valuable insights into NevGold Corp's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if NevGold Corp 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 NevGold Corp has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
NevGold Corp. engages in the exploration and development of mineral properties. It owns interests in the Limousine Butte and Cedar Wash projects in Nevada, the United States and the Ptarmigan silver polymetallic project in British Columbia, Canada. Nevgold Corp is traded on OTC Exchange in the United States.Things to note about NevGold Corp performance evaluation
Checking the ongoing alerts about NevGold Corp for important developments is a great way to find new opportunities for your next move. OTC Stock alerts and notifications screener for NevGold Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| NevGold Corp generated a negative expected return over the last 90 days | |
| NevGold Corp has high historical volatility and very poor performance | |
| NevGold Corp has some characteristics of a very speculative penny stock | |
| NevGold Corp has accumulated 279 K in total debt with debt to equity ratio (D/E) of 0.03, which may suggest the company is not taking enough advantage from borrowing. NevGold Corp has a current ratio of 0.3, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist NevGold Corp until it has trouble settling it off, either with new capital or with free cash flow. So, NevGold Corp'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 NevGold Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for NevGold to invest in growth at high rates of return. When we think about NevGold Corp's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (2.89 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| NevGold Corp has accumulated about 87.13 K in cash with (1.24 M) of positive cash flow from operations. | |
| Roughly 46.0% of NevGold Corp outstanding shares are owned by corporate insiders |
- Analyzing NevGold Corp'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 NevGold Corp's stock is overvalued or undervalued compared to its peers.
- Examining NevGold Corp'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 NevGold Corp's management team can have a significant impact on its success or failure. Reviewing the track record and experience of NevGold Corp's management team can help you assess the OTC Stock's leadership.
- Pay attention to analyst opinions and ratings of NevGold Corp's otc stock. These opinions can provide insight into NevGold Corp's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for NevGold OTC Stock analysis
When running NevGold Corp's price analysis, check to measure NevGold Corp'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 NevGold Corp is operating at the current time. Most of NevGold Corp's value examination focuses on studying past and present price action to predict the probability of NevGold Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NevGold Corp's price. Additionally, you may evaluate how the addition of NevGold Corp to your portfolios can decrease your overall portfolio volatility.
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