Minnova Corp Stock Performance
| AGRDF Stock | USD 0.0001 0.00 0.00% |
The company secures a Beta (Market Risk) of 2.33, which conveys 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, Minnova Corp will likely underperform. At this point, Minnova Corp has a negative expected return of -1.53%. Please make sure to verify Minnova Corp's treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Minnova Corp performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Over the last 90 days Minnova Corp has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Stock's fundamental indicators remain nearly stable which may send shares a bit higher in December 2024. The current disturbance may also be a sign of long-run up-swing for the company stockholders. ...more
| Begin Period Cash Flow | 131.4 K | |
| Total Cashflows From Investing Activities | -950.7 K | |
| Free Cash Flow | 294.4 K |
Minnova |
Minnova Corp Relative Risk vs. Return Landscape
If you would invest 0.21 in Minnova Corp on August 26, 2024 and sell it today you would lose (0.20) from holding Minnova Corp or give up 95.24% of portfolio value over 90 days. Minnova Corp is currently producing negative expected returns and takes up 11.7889% volatility of returns over 90 trading days. Put another way, most equities are less risky on the basis of their return distribution than Minnova, and majority of traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Minnova Corp Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Minnova Corp's investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as Minnova Corp, and traders can use it to determine the average amount a Minnova Corp'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 = -0.1302
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | AGRDF |
Estimated Market Risk
| 11.79 actual daily | 96 96% of assets are less volatile |
Expected Return
| -1.53 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.13 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Minnova Corp 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 Minnova Corp by adding Minnova Corp to a well-diversified portfolio.
Minnova Corp Fundamentals Growth
Minnova Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of Minnova Corp, and Minnova Corp 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 Minnova Pink Sheet performance.
| Return On Equity | 0.0077 | |||
| Return On Asset | -0.0168 | |||
| Current Valuation | 2.72 M | |||
| Shares Outstanding | 69.89 M | |||
| Price To Earning | 1.10 X | |||
| Price To Book | 0.18 X | |||
| EBITDA | (368.75 K) | |||
| Cash And Equivalents | 16.48 K | |||
| Book Value Per Share | 0.28 X | |||
| Cash Flow From Operations | 294.38 K | |||
| Total Asset | 21.19 M | |||
About Minnova Corp Performance
By analyzing Minnova Corp's fundamental ratios, stakeholders can gain valuable insights into Minnova Corp's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Minnova Corp 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 Minnova Corp has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Minnova Corp. acquires, explores for, and develops mineral properties. Minnova Corp. was incorporated in 1994 and is based in Toronto, Canada. Auriga Gold operates under Gold classification in the United States and is traded on OTC Exchange.Things to note about Minnova Corp performance evaluation
Checking the ongoing alerts about Minnova Corp for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for Minnova Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Minnova Corp generated a negative expected return over the last 90 days | |
| Minnova Corp has high historical volatility and very poor performance | |
| Minnova Corp has some characteristics of a very speculative penny stock | |
| Minnova Corp has high likelihood to experience some financial distress in the next 2 years | |
| The company has a current ratio of 0.19, 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 Minnova Corp until it has trouble settling it off, either with new capital or with free cash flow. So, Minnova Corp'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 Minnova Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Minnova to invest in growth at high rates of return. When we think about Minnova Corp's use of debt, we should always consider it together with cash and equity. | |
| About 13.0% of the company shares are held by company insiders |
- Analyzing Minnova Corp'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 Minnova Corp's stock is overvalued or undervalued compared to its peers.
- Examining Minnova Corp'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 Minnova Corp's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Minnova Corp's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Minnova Corp's pink sheet. These opinions can provide insight into Minnova Corp's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Minnova Pink Sheet analysis
When running Minnova Corp's price analysis, check to measure Minnova Corp'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 Minnova Corp is operating at the current time. Most of Minnova Corp's value examination focuses on studying past and present price action to predict the probability of Minnova Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Minnova Corp's price. Additionally, you may evaluate how the addition of Minnova Corp to your portfolios can decrease your overall portfolio volatility.
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world |