29Metals (Australia) Performance
| 29M Stock | 0.38 0.01 2.56% |
29Metals has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.34, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, 29Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding 29Metals is expected to be smaller as well. 29Metals today shows a risk of 5.2%. Please confirm 29Metals semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if 29Metals will be following its price patterns.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in 29Metals are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively stable primary indicators, 29Metals is not utilizing all of its potentials. The newest stock price uproar, may contribute to short-horizon losses for the private investors. ...more
Ex Dividend Date 2022-09-15 |
1 | EMR Capital Reportedly Readies Adviser to Help Weigh Options for its 29Metals Stake - Marketscreener.com | 10/30/2024 |
| Begin Period Cash Flow | 172 M |
29Metals |
29Metals Relative Risk vs. Return Landscape
If you would invest 39.00 in 29Metals on August 27, 2024 and sell it today you would lose (1.00) from holding 29Metals or give up 2.56% of portfolio value over 90 days. 29Metals is generating 0.0966% of daily returns assuming 5.2039% volatility of returns over the 90 days investment horizon. Simply put, 46% of all stocks have less volatile historical return distribution than 29Metals, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
29Metals Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for 29Metals' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as 29Metals, and traders can use it to determine the average amount a 29Metals' 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 = 0.0186
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| Cash | Small Risk | Average Risk | 29M | Huge Risk |
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Estimated Market Risk
| 5.2 actual daily | 46 54% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average 29Metals is performing at about 1% 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 29Metals by adding it to a well-diversified portfolio.
29Metals Fundamentals Growth
29Metals Stock prices reflect investors' perceptions of the future prospects and financial health of 29Metals, and 29Metals 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 29Metals Stock performance.
| Return On Equity | -0.67 | ||||
| Return On Asset | -0.11 | ||||
| Profit Margin | (0.53) % | ||||
| Operating Margin | (0.19) % | ||||
| Current Valuation | 439.52 M | ||||
| Shares Outstanding | 702.07 M | ||||
| Price To Book | 0.85 X | ||||
| Price To Sales | 0.58 X | ||||
| Revenue | 449.25 M | ||||
| Gross Profit | 3.89 M | ||||
| EBITDA | (230.93 M) | ||||
| Net Income | (440.46 M) | ||||
| Total Debt | 271.33 M | ||||
| Book Value Per Share | 0.45 X | ||||
| Cash Flow From Operations | (36.52 M) | ||||
| Earnings Per Share | (0.33) X | ||||
| Total Asset | 1.17 B | ||||
| Retained Earnings | (376.3 M) | ||||
About 29Metals Performance
Assessing 29Metals' fundamental ratios provides investors with valuable insights into 29Metals' financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the 29Metals is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
29Metals is entity of Australia. It is traded as Stock on AU exchange.Things to note about 29Metals performance evaluation
Checking the ongoing alerts about 29Metals for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for 29Metals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| 29Metals had very high historical volatility over the last 90 days | |
| 29Metals has some characteristics of a very speculative penny stock | |
| 29Metals has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 449.25 M. Net Loss for the year was (440.46 M) with profit before overhead, payroll, taxes, and interest of 3.89 M. | |
| 29Metals generates negative cash flow from operations | |
| About 74.0% of the company shares are owned by institutions such as pension funds | |
| Latest headline from news.google.com: EMR Capital Reportedly Readies Adviser to Help Weigh Options for its 29Metals Stake - Marketscreener.com |
- Analyzing 29Metals' 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 29Metals' stock is overvalued or undervalued compared to its peers.
- Examining 29Metals' 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 29Metals' management team can have a significant impact on its success or failure. Reviewing the track record and experience of 29Metals' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of 29Metals' stock. These opinions can provide insight into 29Metals' potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for 29Metals Stock Analysis
When running 29Metals' price analysis, check to measure 29Metals' 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 29Metals is operating at the current time. Most of 29Metals' value examination focuses on studying past and present price action to predict the probability of 29Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 29Metals' price. Additionally, you may evaluate how the addition of 29Metals to your portfolios can decrease your overall portfolio volatility.