Clarity Gold Corp Stock Performance
| CLGCF Stock | USD 0.02 0 5.93% |
Clarity Gold holds a performance score of 4 on a scale of zero to a hundred. 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, Clarity Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Clarity Gold is expected to be smaller as well. Use Clarity Gold sortino ratio, semi variance, and the relationship between the standard deviation and value at risk , to analyze future returns on Clarity Gold.
Risk-Adjusted Performance
Insignificant
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in Clarity Gold Corp are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. Despite nearly abnormal fundamental indicators, Clarity Gold reported solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 48.2 K | |
| Total Cashflows From Investing Activities | -600 K |
Clarity |
Clarity Gold Relative Risk vs. Return Landscape
If you would invest 2.60 in Clarity Gold Corp on December 1, 2024 and sell it today you would lose (0.38) from holding Clarity Gold Corp or give up 14.62% of portfolio value over 90 days. Clarity Gold Corp is currently producing 1.0033% returns and takes up 16.3273% volatility of returns over 90 trading days. Put another way, most equities are less risky on the basis of their return distribution than Clarity, and majority of traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Clarity Gold Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clarity Gold's investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as Clarity Gold Corp, and traders can use it to determine the average amount a Clarity 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 = 0.0615
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 16.33 actual daily | 96 96% of assets are less volatile |
Expected Return
| 1.0 actual daily | 19 81% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Clarity Gold is performing at about 4% 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 Clarity Gold by adding it to a well-diversified portfolio.
Clarity Gold Fundamentals Growth
Clarity Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of Clarity Gold, and Clarity 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 Clarity Pink Sheet performance.
| Return On Equity | -0.47 | |||
| Return On Asset | -0.11 | |||
| Current Valuation | 1.32 M | |||
| Shares Outstanding | 42.14 M | |||
| Price To Book | 1.75 X | |||
| EBITDA | (6.49 M) | |||
| Cash And Equivalents | 2.31 M | |||
| Cash Per Share | 0.08 X | |||
| Total Debt | 7.08 K | |||
| Book Value Per Share | 0.09 X | |||
| Cash Flow From Operations | (4.62 M) | |||
| Earnings Per Share | (0.14) X | |||
| Total Asset | 3.5 M | |||
About Clarity Gold Performance
By analyzing Clarity Gold's fundamental ratios, stakeholders can gain valuable insights into Clarity Gold's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Clarity Gold 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 Clarity Gold has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Clarity Gold Corp. engages in the exploration of mineral properties in Canada. Clarity Gold Corp. was incorporated in 2019 and is headquartered in Vancouver, Canada. CLARITY GOLD is traded on OTC Exchange in the United States.Things to note about Clarity Gold Corp performance evaluation
Checking the ongoing alerts about Clarity Gold for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for Clarity Gold Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Clarity Gold Corp is way too risky over 90 days horizon | |
| Clarity Gold Corp has some characteristics of a very speculative penny stock | |
| Clarity Gold Corp appears to be risky and price may revert if volatility continues | |
| Clarity Gold Corp has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (6.52 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Clarity Gold Corp has accumulated about 2.31 M in cash with (4.62 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.08, which can makes it an attractive takeover target, given it will continue generating positive cash flow. |
- Analyzing Clarity 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 Clarity Gold's stock is overvalued or undervalued compared to its peers.
- Examining Clarity 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 Clarity Gold's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Clarity Gold's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Clarity Gold's pink sheet. These opinions can provide insight into Clarity Gold's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Clarity Pink Sheet analysis
When running Clarity Gold's price analysis, check to measure Clarity 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 Clarity Gold is operating at the current time. Most of Clarity Gold's value examination focuses on studying past and present price action to predict the probability of Clarity 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 Clarity Gold's price. Additionally, you may evaluate how the addition of Clarity Gold to your portfolios can decrease your overall portfolio volatility.
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