Saga Metals Corp Stock Performance
| SAGA Stock | 0.35 0.02 6.06% |
The entity has a beta of -0.38, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Saga Metals are expected to decrease at a much lower rate. During the bear market, Saga Metals is likely to outperform the market. Saga Metals Corp right now has a risk of 7.76%. Please validate Saga Metals coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Saga Metals will be following its existing price patterns.
Risk-Adjusted Performance
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Over the last 90 days Saga Metals Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly stable technical and fundamental indicators, Saga Metals is not utilizing all of its potentials. The latest stock price fuss, may contribute to near-short-term losses for the sophisticated investors. ...more
1 | SAGA Metals Completes IPO with Focus on Uranium Exploration and Rio Tinto Partnership - Junior Mining Network | 09/23/2024 |
Saga |
Saga Metals Relative Risk vs. Return Landscape
If you would invest 40.00 in Saga Metals Corp on September 1, 2024 and sell it today you would lose (5.00) from holding Saga Metals Corp or give up 12.5% of portfolio value over 90 days. Saga Metals Corp is generating 0.0218% of daily returns assuming 7.757% volatility of returns over the 90 days investment horizon. Simply put, 69% of all stocks have less volatile historical return distribution than Saga Metals, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Saga Metals Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Saga Metals' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Saga Metals Corp, and traders can use it to determine the average amount a Saga 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 = 0.0028
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| Negative Returns | SAGA |
Estimated Market Risk
| 7.76 actual daily | 69 69% of assets are less volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Saga 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 Saga Metals by adding Saga Metals to a well-diversified portfolio.
About Saga Metals Performance
Evaluating Saga Metals' performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Saga 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 Saga Metals has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Saga Metals is entity of Canada. It is traded as Stock on V exchange.Things to note about Saga Metals Corp performance evaluation
Checking the ongoing alerts about Saga Metals for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Saga Metals Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Saga Metals Corp had very high historical volatility over the last 90 days | |
| Saga Metals Corp has some characteristics of a very speculative penny stock |
- Analyzing Saga 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 Saga Metals' stock is overvalued or undervalued compared to its peers.
- Examining Saga 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 Saga Metals' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Saga Metals' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Saga Metals' stock. These opinions can provide insight into Saga Metals' potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Saga Stock Analysis
When running Saga Metals' price analysis, check to measure Saga Metals' 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 Saga Metals is operating at the current time. Most of Saga Metals' value examination focuses on studying past and present price action to predict the probability of Saga Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Saga Metals' price. Additionally, you may evaluate how the addition of Saga Metals to your portfolios can decrease your overall portfolio volatility.