Wesdome Gold Mines Stock Performance
The firm maintains a market beta of 0.39, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wesdome Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wesdome Gold is expected to be smaller as well. At this point, Wesdome Gold Mines has a negative expected return of -0.12%. Please make sure to check out Wesdome Gold's market risk adjusted performance, variance, as well as the relationship between the Variance and value at risk , to decide if Wesdome Gold Mines 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 Wesdome Gold Mines has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest unfluctuating performance, the Stock's basic indicators remain healthy and the recent disarray on Wall Street may also be a sign of long period gains for the firm investors. ...more
| Begin Period Cash Flow | 33.2 M |
Wesdome |
Wesdome Gold Relative Risk vs. Return Landscape
If you would invest 1,326 in Wesdome Gold Mines on August 25, 2024 and sell it today you would lose (117.00) from holding Wesdome Gold Mines or give up 8.82% of portfolio value over 90 days. Wesdome Gold Mines is producing return of less than zero assuming 2.4727% volatility of returns over the 90 days investment horizon. Simply put, 22% of all stocks have less volatile historical return distribution than Wesdome Gold, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Wesdome Gold Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wesdome Gold's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Wesdome Gold Mines, and traders can use it to determine the average amount a Wesdome Gold'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 = -0.0472
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| Negative Returns | WDO |
Estimated Market Risk
| 2.47 actual daily | 21 79% of assets are more volatile |
Expected Return
| -0.12 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Wesdome Gold 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 Wesdome Gold by adding Wesdome Gold to a well-diversified portfolio.
Wesdome Gold Fundamentals Growth
Wesdome Stock prices reflect investors' perceptions of the future prospects and financial health of Wesdome Gold, and Wesdome Gold 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 Wesdome Stock performance.
| Return On Equity | 0.17 | ||||
| Return On Asset | 0.13 | ||||
| Profit Margin | 0.17 % | ||||
| Operating Margin | 0.40 % | ||||
| Current Valuation | 1.71 B | ||||
| Shares Outstanding | 149.87 M | ||||
| Price To Earning | 34.72 X | ||||
| Price To Book | 3.49 X | ||||
| Price To Sales | 3.77 X | ||||
| Revenue | 333.17 M | ||||
| EBITDA | 99.83 M | ||||
| Cash And Equivalents | 33.19 M | ||||
| Cash Per Share | 0.53 X | ||||
| Total Debt | 42.46 M | ||||
| Debt To Equity | 0.04 % | ||||
| Book Value Per Share | 3.43 X | ||||
| Cash Flow From Operations | 101.35 M | ||||
| Earnings Per Share | 0.54 X | ||||
| Total Asset | 618.96 M | ||||
| Retained Earnings | 180.75 M | ||||
| Current Asset | 23.7 M | ||||
| Current Liabilities | 11.2 M | ||||
Things to note about Wesdome Gold Mines performance evaluation
Checking the ongoing alerts about Wesdome Gold for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Wesdome Gold Mines help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Wesdome Gold Mines is not yet fully synchronised with the market data | |
| Wesdome Gold Mines generated a negative expected return over the last 90 days | |
| Wesdome Gold Mines has some characteristics of a very speculative penny stock | |
| The company reported the revenue of 333.17 M. Net Loss for the year was (6.19 M) with profit before overhead, payroll, taxes, and interest of 47.8 M. |
- Analyzing Wesdome Gold'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 Wesdome Gold's stock is overvalued or undervalued compared to its peers.
- Examining Wesdome Gold'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 Wesdome Gold's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Wesdome Gold's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Wesdome Gold's stock. These opinions can provide insight into Wesdome Gold's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Other Tools for Wesdome Stock
When running Wesdome Gold's price analysis, check to measure Wesdome Gold'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 Wesdome Gold is operating at the current time. Most of Wesdome Gold's value examination focuses on studying past and present price action to predict the probability of Wesdome Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wesdome Gold's price. Additionally, you may evaluate how the addition of Wesdome Gold to your portfolios can decrease your overall portfolio volatility.
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