Nevada Canyon Gold Stock Performance
| NGLD Stock | USD 0.65 0.05 8.33% |
On a scale of 0 to 100, Nevada Canyon holds a performance score of 4. The company secures a Beta (Market Risk) of 1.43, 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, Nevada Canyon will likely underperform. Please check Nevada Canyon's value at risk, kurtosis, market facilitation index, as well as the relationship between the semi variance and rate of daily change , to make a quick decision on whether Nevada Canyon's current price movements will revert.
Risk-Adjusted Performance
Soft
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in Nevada Canyon Gold are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of rather fragile essential indicators, Nevada Canyon exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 893.8 K | |
| Total Cashflows From Investing Activities | -237.8 K |
Nevada |
Nevada Canyon Relative Risk vs. Return Landscape
If you would invest 59.00 in Nevada Canyon Gold on September 28, 2025 and sell it today you would earn a total of 6.00 from holding Nevada Canyon Gold or generate 10.17% return on investment over 90 days. Nevada Canyon Gold is currently generating 0.3011% in daily expected returns and assumes 5.5729% risk (volatility on return distribution) over the 90 days horizon. In different words, 50% of otc stocks are less volatile than Nevada, and 94% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Nevada Canyon Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nevada Canyon's investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as Nevada Canyon Gold, and traders can use it to determine the average amount a Nevada Canyon'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 = 0.054
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Based on monthly moving average Nevada Canyon is performing at about 4% of its full potential. 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 Nevada Canyon by adding it to a well-diversified portfolio.
Nevada Canyon Fundamentals Growth
Nevada OTC Stock prices reflect investors' perceptions of the future prospects and financial health of Nevada Canyon, and Nevada Canyon 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 Nevada OTC Stock performance.
| Return On Equity | -5.65 | |||
| Return On Asset | -0.3 | |||
| Current Valuation | 6.28 M | |||
| Shares Outstanding | 8.69 M | |||
| Price To Earning | 12.83 X | |||
| Price To Book | 25.52 X | |||
| EBITDA | (687.63 K) | |||
| Cash And Equivalents | 1.42 M | |||
| Cash Per Share | 0.53 X | |||
| Total Debt | 690.12 K | |||
| Debt To Equity | 2.70 % | |||
| Book Value Per Share | (0.08) X | |||
| Cash Flow From Operations | (222.23 K) | |||
| Earnings Per Share | (0.09) X | |||
| Total Asset | 2.03 M | |||
About Nevada Canyon Performance
By analyzing Nevada Canyon's fundamental ratios, stakeholders can gain valuable insights into Nevada Canyon's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Nevada Canyon 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 Nevada Canyon has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Nevada Canyon Gold Corp. engages in the mineral exploration activities. Nevada Canyon Gold Corp. was incorporated in 2014 and is based in Reno, Nevada. Nevada Canyon operates under Gold classification in the United States and is traded on OTC Exchange.Things to note about Nevada Canyon Gold performance evaluation
Checking the ongoing alerts about Nevada Canyon for important developments is a great way to find new opportunities for your next move. OTC Stock alerts and notifications screener for Nevada Canyon Gold help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Nevada Canyon Gold had very high historical volatility over the last 90 days | |
| Nevada Canyon Gold has some characteristics of a very speculative penny stock | |
| Nevada Canyon Gold currently holds 690.12 K in liabilities with Debt to Equity (D/E) ratio of 2.7, implying the company greatly relies on financing operations through barrowing. Nevada Canyon Gold has a current ratio of 0.73, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Nevada Canyon until it has trouble settling it off, either with new capital or with free cash flow. So, Nevada Canyon'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 Nevada Canyon Gold sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Nevada to invest in growth at high rates of return. When we think about Nevada Canyon's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (692.57 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Nevada Canyon Gold currently holds about 1.42 M in cash with (222.23 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.53. | |
| Roughly 83.0% of Nevada Canyon outstanding shares are owned by corporate insiders |
- Analyzing Nevada Canyon'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 Nevada Canyon's stock is overvalued or undervalued compared to its peers.
- Examining Nevada Canyon'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 Nevada Canyon's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Nevada Canyon's management team can help you assess the OTC Stock's leadership.
- Pay attention to analyst opinions and ratings of Nevada Canyon's otc stock. These opinions can provide insight into Nevada Canyon's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Nevada OTC Stock analysis
When running Nevada Canyon's price analysis, check to measure Nevada Canyon'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 Nevada Canyon is operating at the current time. Most of Nevada Canyon's value examination focuses on studying past and present price action to predict the probability of Nevada Canyon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nevada Canyon's price. Additionally, you may evaluate how the addition of Nevada Canyon to your portfolios can decrease your overall portfolio volatility.
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