True North Gems Stock Performance
| TGX Stock | CAD 0.05 0.00 0.00% |
True North holds a performance score of 8 on a scale of zero to a hundred. The entity has a beta of 3.38, which indicates 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, True North will likely underperform. Use True North Gems market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and kurtosis , to analyze future returns on True North Gems.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in True North Gems are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. In spite of fairly abnormal basic indicators, True North showed solid returns over the last few months and may actually be approaching a breakup point. ...more
Last Split Factor 1:10 | Dividend Date 2019-02-14 | Last Split Date 2019-02-14 |
1 | These 25 Jaw Dropping Places In North Carolina Will Blow You Away - Only In Your State | 09/26/2024 |
| Begin Period Cash Flow | 3260.00 | |
| Free Cash Flow | 16.7 K |
True |
True North Relative Risk vs. Return Landscape
If you would invest 3.00 in True North Gems on September 1, 2024 and sell it today you would earn a total of 2.00 from holding True North Gems or generate 66.67% return on investment over 90 days. True North Gems is currently producing 1.7026% returns and takes up 15.9094% volatility of returns over 90 trading days. Put another way, most equities are less risky on the basis of their return distribution than True, and majority of traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
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True North Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for True North's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as True North Gems, and traders can use it to determine the average amount a True North'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 = 0.107
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Estimated Market Risk
| 15.91 actual daily | 96 96% of assets are less volatile |
Expected Return
| 1.7 actual daily | 33 67% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average True North is performing at about 8% 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 True North by adding it to a well-diversified portfolio.
True North Fundamentals Growth
True Stock prices reflect investors' perceptions of the future prospects and financial health of True North, and True North 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 True Stock performance.
| Return On Asset | -0.95 | ||||
| Current Valuation | 8.33 M | ||||
| Shares Outstanding | 33.58 M | ||||
| Price To Earning | 7.50 X | ||||
| Price To Book | 0.05 X | ||||
| Gross Profit | 28.5 K | ||||
| EBITDA | (129.15 K) | ||||
| Net Income | (276.59 K) | ||||
| Cash And Equivalents | 34.37 K | ||||
| Total Debt | 6.8 M | ||||
| Debt To Equity | 0.09 % | ||||
| Book Value Per Share | (0.21) X | ||||
| Cash Flow From Operations | 16.66 K | ||||
| Earnings Per Share | (0.01) X | ||||
| Total Asset | 88.72 K | ||||
| Retained Earnings | (74.02 M) | ||||
About True North Performance
Evaluating True North's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if True North 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 True North 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.
True North Gems Inc. engages in the acquisition, exploration, and development of mineral properties. True North Gems Inc. was founded in 2001 and is based in Vancouver, Canada. TRUE NORTH operates under Other Precious Metals Mining classification in Canada and is traded on TSX Venture Exchange.Things to note about True North Gems performance evaluation
Checking the ongoing alerts about True North for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for True North Gems help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| True North Gems is way too risky over 90 days horizon | |
| True North Gems has some characteristics of a very speculative penny stock | |
| True North Gems appears to be risky and price may revert if volatility continues | |
| True North Gems has accumulated 6.8 M in total debt with debt to equity ratio (D/E) of 0.09, which may suggest the company is not taking enough advantage from borrowing. True North Gems has a current ratio of 0.01, 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 True North until it has trouble settling it off, either with new capital or with free cash flow. So, True North'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 True North Gems sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for True to invest in growth at high rates of return. When we think about True North's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (276.59 K) with profit before overhead, payroll, taxes, and interest of 28.5 K. |
- Analyzing True North'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 True North's stock is overvalued or undervalued compared to its peers.
- Examining True North'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 True North's management team can have a significant impact on its success or failure. Reviewing the track record and experience of True North's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of True North's stock. These opinions can provide insight into True North's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for True Stock Analysis
When running True North's price analysis, check to measure True North'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 True North is operating at the current time. Most of True North's value examination focuses on studying past and present price action to predict the probability of True North's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move True North's price. Additionally, you may evaluate how the addition of True North to your portfolios can decrease your overall portfolio volatility.