Alkane Resources Limited Stock Performance
| ALKEF Stock | USD 0.31 0.04 11.43% |
On a scale of 0 to 100, Alkane Resources holds a performance score of 5. The firm shows a Beta (market volatility) of -0.0787, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Alkane Resources are expected to decrease at a much lower rate. During the bear market, Alkane Resources is likely to outperform the market. Please check Alkane Resources' information ratio, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to make a quick decision on whether Alkane Resources' price patterns will revert.
Risk-Adjusted Performance
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Modest
Compared to the overall equity markets, risk-adjusted returns on investments in Alkane Resources Limited are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile technical and fundamental indicators, Alkane Resources reported solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 19 M | |
| Total Cashflows From Investing Activities | -33.2 M |
Alkane |
Alkane Resources Relative Risk vs. Return Landscape
If you would invest 26.00 in Alkane Resources Limited on August 31, 2024 and sell it today you would earn a total of 5.00 from holding Alkane Resources Limited or generate 19.23% return on investment over 90 days. Alkane Resources Limited is currently producing 0.6275% returns and takes up 8.5337% volatility of returns over 90 trading days. Put another way, 75% of traded pink sheets are less volatile than Alkane, and 88% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Alkane Resources Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alkane Resources' investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as Alkane Resources Limited, and traders can use it to determine the average amount a Alkane Resources' 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 = 0.0735
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Estimated Market Risk
| 8.53 actual daily | 75 75% of assets are less volatile |
Expected Return
| 0.63 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Alkane Resources is performing at about 5% 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 Alkane Resources by adding it to a well-diversified portfolio.
Alkane Resources Fundamentals Growth
Alkane Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of Alkane Resources, and Alkane Resources 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 Alkane Pink Sheet performance.
| Return On Equity | 0.31 | |||
| Return On Asset | 0.11 | |||
| Profit Margin | 0.43 % | |||
| Operating Margin | 0.32 % | |||
| Current Valuation | 196.05 M | |||
| Shares Outstanding | 598.79 M | |||
| Price To Earning | 7.04 X | |||
| Price To Book | 1.36 X | |||
| Price To Sales | 1.48 X | |||
| Revenue | 165.01 M | |||
| EBITDA | 137.32 M | |||
| Cash And Equivalents | 77.89 M | |||
| Cash Per Share | 0.13 X | |||
| Total Debt | 9.12 M | |||
| Debt To Equity | 0.06 % | |||
| Book Value Per Share | 0.45 X | |||
| Cash Flow From Operations | 86.48 M | |||
| Earnings Per Share | 0.07 X | |||
| Total Asset | 355.69 M | |||
| Retained Earnings | (27 M) | |||
| Current Asset | 39 M | |||
| Current Liabilities | 10 M | |||
About Alkane Resources Performance
By analyzing Alkane Resources' fundamental ratios, stakeholders can gain valuable insights into Alkane Resources' financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Alkane Resources 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 Alkane Resources has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Alkane Resources Limited operates as a gold production company in Australia. Alkane Resources Limited was incorporated in 1969 and is headquartered in West Perth, Australia. Alkane Exploration operates under Gold classification in the United States and is traded on OTC Exchange.Things to note about Alkane Resources performance evaluation
Checking the ongoing alerts about Alkane Resources for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for Alkane Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Alkane Resources is way too risky over 90 days horizon | |
| Alkane Resources has some characteristics of a very speculative penny stock | |
| Alkane Resources appears to be risky and price may revert if volatility continues | |
| About 35.0% of the company shares are held by company insiders |
- Analyzing Alkane Resources' 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 Alkane Resources' stock is overvalued or undervalued compared to its peers.
- Examining Alkane Resources' 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 Alkane Resources' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Alkane Resources' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Alkane Resources' pink sheet. These opinions can provide insight into Alkane Resources' potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Alkane Pink Sheet analysis
When running Alkane Resources' price analysis, check to measure Alkane Resources' 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 Alkane Resources is operating at the current time. Most of Alkane Resources' value examination focuses on studying past and present price action to predict the probability of Alkane Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alkane Resources' price. Additionally, you may evaluate how the addition of Alkane Resources to your portfolios can decrease your overall portfolio volatility.
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