Canadian Palladium Resources Stock Performance
| DCNNF Stock | USD 0.05 0.01 16.38% |
On a scale of 0 to 100, Canadian Palladium holds a performance score of 3. The firm shows a Beta (market volatility) of -0.56, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Canadian Palladium are expected to decrease at a much lower rate. During the bear market, Canadian Palladium is likely to outperform the market. Please check Canadian Palladium's sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Canadian Palladium's price patterns will revert.
Risk-Adjusted Performance
3 of 100
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Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Canadian Palladium Resources are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile basic indicators, Canadian Palladium reported solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 597.4 K |
Canadian |
Canadian Palladium Relative Risk vs. Return Landscape
If you would invest 6.37 in Canadian Palladium Resources on November 2, 2024 and sell it today you would lose (1.47) from holding Canadian Palladium Resources or give up 23.08% of portfolio value over 90 days. Canadian Palladium Resources is currently producing 0.7245% returns and takes up 15.8969% volatility of returns over 90 trading days. Put another way, most equities are less risky on the basis of their return distribution than Canadian, and majority of traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Canadian Palladium Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canadian Palladium's investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as Canadian Palladium Resources, and traders can use it to determine the average amount a Canadian Palladium'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 = 0.0456
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Estimated Market Risk
| 15.9 actual daily | 96 96% of assets are less volatile |
Expected Return
| 0.72 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 3 97% of assets perform better |
Based on monthly moving average Canadian Palladium is performing at about 3% 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 Canadian Palladium by adding it to a well-diversified portfolio.
Canadian Palladium Fundamentals Growth
Canadian Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of Canadian Palladium, and Canadian Palladium 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 Canadian Pink Sheet performance.
| Return On Equity | -2.58 | |||
| Return On Asset | -0.69 | |||
| Current Valuation | 5.53 M | |||
| Shares Outstanding | 144.07 M | |||
| Price To Book | 4.84 X | |||
| EBITDA | (1.51 M) | |||
| Cash And Equivalents | 137.56 K | |||
| Total Debt | 466.46 K | |||
| Debt To Equity | 0.31 % | |||
| Book Value Per Share | (0) X | |||
| Cash Flow From Operations | (954.12 K) | |||
| Earnings Per Share | (0.03) X | |||
| Total Asset | 1.09 M | |||
About Canadian Palladium Performance
By analyzing Canadian Palladium's fundamental ratios, stakeholders can gain valuable insights into Canadian Palladium's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Canadian Palladium 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 Canadian Palladium has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Canadian Palladium Resources Inc. engages in the acquisition and exploration of resource properties in North America and Europe. Canadian Palladium Resources Inc. was incorporated in 2005 and is headquartered in Vancouver, Canada. 21C Metals is traded on OTC Exchange in the United States.Things to note about Canadian Palladium performance evaluation
Checking the ongoing alerts about Canadian Palladium for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for Canadian Palladium help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Canadian Palladium is way too risky over 90 days horizon | |
| Canadian Palladium has some characteristics of a very speculative penny stock | |
| Canadian Palladium appears to be risky and price may revert if volatility continues | |
| Canadian Palladium has high likelihood to experience some financial distress in the next 2 years | |
| Canadian Palladium Resources has accumulated 466.46 K in total debt with debt to equity ratio (D/E) of 0.31, which is about average as compared to similar companies. Canadian Palladium has a current ratio of 0.15, 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 Canadian Palladium until it has trouble settling it off, either with new capital or with free cash flow. So, Canadian Palladium'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 Canadian Palladium sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Canadian to invest in growth at high rates of return. When we think about Canadian Palladium's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (3.83 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Canadian Palladium Resources has accumulated about 137.56 K in cash with (954.12 K) of positive cash flow from operations. |
- Analyzing Canadian Palladium'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 Canadian Palladium's stock is overvalued or undervalued compared to its peers.
- Examining Canadian Palladium'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 Canadian Palladium's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Canadian Palladium's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Canadian Palladium's pink sheet. These opinions can provide insight into Canadian Palladium's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Canadian Pink Sheet analysis
When running Canadian Palladium's price analysis, check to measure Canadian Palladium'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 Canadian Palladium is operating at the current time. Most of Canadian Palladium's value examination focuses on studying past and present price action to predict the probability of Canadian Palladium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Palladium's price. Additionally, you may evaluate how the addition of Canadian Palladium to your portfolios can decrease your overall portfolio volatility.
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