Cleango Innovations Stock Performance
| CLGOF Stock | USD 0.25 0.00 0.00% |
The firm shows a Beta (market volatility) of 0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CleanGo Innovations' returns are expected to increase less than the market. However, during the bear market, the loss of holding CleanGo Innovations is expected to be smaller as well. At this point, CleanGo Innovations has a negative expected return of -0.12%. Please make sure to confirm CleanGo Innovations' variance, as well as the relationship between the skewness and day typical price , to decide if CleanGo Innovations performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Very Weak
Over the last 90 days CleanGo Innovations has generated negative risk-adjusted returns adding no value to investors with long positions. Despite latest weak performance, the Stock's basic indicators remain stable and the current disturbance on Wall Street may also be a sign of long-run gains for the company stockholders. ...more
| Begin Period Cash Flow | 212.1 K | |
| Total Cashflows From Investing Activities | 923.9 K | |
| Free Cash Flow | -1.2 M |
CleanGo |
CleanGo Innovations Relative Risk vs. Return Landscape
If you would invest 28.00 in CleanGo Innovations on October 13, 2024 and sell it today you would lose (3.00) from holding CleanGo Innovations or give up 10.71% of portfolio value over 90 days. CleanGo Innovations is currently producing negative expected returns and takes up 3.3706% volatility of returns over 90 trading days. Put another way, 30% of traded otc stocks are less volatile than CleanGo, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
CleanGo Innovations Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for CleanGo Innovations' investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as CleanGo Innovations, and traders can use it to determine the average amount a CleanGo Innovations' 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 = -0.0369
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| Negative Returns | CLGOF |
Estimated Market Risk
| 3.37 actual daily | 30 70% of assets are more volatile |
Expected Return
| -0.12 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average CleanGo Innovations 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 CleanGo Innovations by adding CleanGo Innovations to a well-diversified portfolio.
CleanGo Innovations Fundamentals Growth
CleanGo OTC Stock prices reflect investors' perceptions of the future prospects and financial health of CleanGo Innovations, and CleanGo Innovations 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 CleanGo OTC Stock performance.
| Return On Asset | -0.59 | |||
| Profit Margin | 7.76 % | |||
| Operating Margin | (8.86) % | |||
| Current Valuation | 1.55 M | |||
| Shares Outstanding | 12.53 M | |||
| Price To Sales | 9.79 X | |||
| Revenue | 146.76 K | |||
| EBITDA | (6.9 M) | |||
| Cash And Equivalents | 160.92 K | |||
| Cash Per Share | 0.01 X | |||
| Total Debt | 43.12 K | |||
| Book Value Per Share | (0.04) X | |||
| Cash Flow From Operations | (1.2 M) | |||
| Earnings Per Share | 0.25 X | |||
| Total Asset | 1.12 M | |||
About CleanGo Innovations Performance
By analyzing CleanGo Innovations' fundamental ratios, stakeholders can gain valuable insights into CleanGo Innovations' financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if CleanGo Innovations 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 CleanGo Innovations has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
CleanGo Innovations Inc. manufactures and sells non-toxic, biodegradable cleaning, disinfecting, and industrial solutions. CleanGo Innovations Inc. is headquartered in Calgary, Canada. Cleango Innovations operates under Household Personal Products classification in the United States and is traded on OTC Exchange.Things to note about CleanGo Innovations performance evaluation
Checking the ongoing alerts about CleanGo Innovations for important developments is a great way to find new opportunities for your next move. OTC Stock alerts and notifications screener for CleanGo Innovations help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| CleanGo Innovations generated a negative expected return over the last 90 days | |
| CleanGo Innovations has some characteristics of a very speculative penny stock | |
| CleanGo Innovations has high historical volatility and very poor performance | |
| CleanGo Innovations has accumulated 43.12 K in total debt. CleanGo Innovations has a current ratio of 0.73, 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 CleanGo Innovations until it has trouble settling it off, either with new capital or with free cash flow. So, CleanGo Innovations' 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 CleanGo Innovations sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for CleanGo to invest in growth at high rates of return. When we think about CleanGo Innovations' use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 146.76 K. Net Loss for the year was (6.95 M) with profit before overhead, payroll, taxes, and interest of 18.34 K. | |
| CleanGo Innovations has accumulated about 160.92 K in cash with (1.2 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 50.0% of the company shares are held by company insiders |
- Analyzing CleanGo Innovations' 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 CleanGo Innovations' stock is overvalued or undervalued compared to its peers.
- Examining CleanGo Innovations' 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 CleanGo Innovations' management team can have a significant impact on its success or failure. Reviewing the track record and experience of CleanGo Innovations' management team can help you assess the OTC Stock's leadership.
- Pay attention to analyst opinions and ratings of CleanGo Innovations' otc stock. These opinions can provide insight into CleanGo Innovations' potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for CleanGo OTC Stock analysis
When running CleanGo Innovations' price analysis, check to measure CleanGo Innovations' 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 CleanGo Innovations is operating at the current time. Most of CleanGo Innovations' value examination focuses on studying past and present price action to predict the probability of CleanGo Innovations' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CleanGo Innovations' price. Additionally, you may evaluate how the addition of CleanGo Innovations to your portfolios can decrease your overall portfolio volatility.
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