Xxix Metal Corp Stock Performance
| XXIX Stock | 0.12 0.01 7.69% |
The firm maintains a market beta of 0.43, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, XXIX Metal's returns are expected to increase less than the market. However, during the bear market, the loss of holding XXIX Metal is expected to be smaller as well. At this point, XXIX Metal Corp has a negative expected return of -0.0347%. Please make sure to check out XXIX Metal's total risk alpha, skewness, day median price, as well as the relationship between the maximum drawdown and daily balance of power , to decide if XXIX Metal Corp performance from the past will be repeated at some future point.
Risk-Adjusted Performance
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Over the last 90 days XXIX Metal Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly stable forward indicators, XXIX Metal is not utilizing all of its potentials. The current stock price fuss, may contribute to near-short-term losses for the sophisticated investors. ...more
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XXIX Metal Relative Risk vs. Return Landscape
If you would invest 13.00 in XXIX Metal Corp on October 12, 2024 and sell it today you would lose (1.00) from holding XXIX Metal Corp or give up 7.69% of portfolio value over 90 days. XXIX Metal Corp is producing return of less than zero assuming 4.52% volatility of returns over the 90 days investment horizon. Simply put, 40% of all stocks have less volatile historical return distribution than XXIX Metal, 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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XXIX Metal Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for XXIX Metal's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as XXIX Metal Corp, and traders can use it to determine the average amount a XXIX Metal'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 = -0.0077
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| Negative Returns | XXIX |
Estimated Market Risk
| 4.52 actual daily | 40 60% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average XXIX Metal 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 XXIX Metal by adding XXIX Metal to a well-diversified portfolio.
About XXIX Metal Performance
Evaluating XXIX Metal's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if XXIX Metal 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 XXIX Metal 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.
Things to note about XXIX Metal Corp performance evaluation
Checking the ongoing alerts about XXIX Metal for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for XXIX Metal Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| XXIX Metal Corp generated a negative expected return over the last 90 days | |
| XXIX Metal Corp has some characteristics of a very speculative penny stock | |
| XXIX Metal Corp has high historical volatility and very poor performance |
- Analyzing XXIX Metal'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 XXIX Metal's stock is overvalued or undervalued compared to its peers.
- Examining XXIX Metal'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 XXIX Metal's management team can have a significant impact on its success or failure. Reviewing the track record and experience of XXIX Metal's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of XXIX Metal's stock. These opinions can provide insight into XXIX Metal's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for XXIX Stock Analysis
When running XXIX Metal's price analysis, check to measure XXIX Metal'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 XXIX Metal is operating at the current time. Most of XXIX Metal's value examination focuses on studying past and present price action to predict the probability of XXIX Metal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move XXIX Metal's price. Additionally, you may evaluate how the addition of XXIX Metal to your portfolios can decrease your overall portfolio volatility.