88 Energy Limited Stock Performance
| EEENF Stock | USD 0 0.0001 7.69% |
The firm owns a Beta (Systematic Risk) of -0.87, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning 88 Energy are expected to decrease slowly. On the other hand, during market turmoil, 88 Energy is expected to outperform it slightly. At this point, 88 Energy Limited has a negative expected return of -0.0083%. Please make sure to confirm 88 Energy's coefficient of variation, value at risk, rate of daily change, as well as the relationship between the total risk alpha and kurtosis , to decide if 88 Energy Limited performance from the past will be repeated sooner or later.
Risk-Adjusted Performance
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Over the last 90 days 88 Energy Limited has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable basic indicators, 88 Energy is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders. ...more
| Begin Period Cash Flow | 14.8 M | |
| Total Cashflows From Investing Activities | 3.1 M |
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88 Energy Relative Risk vs. Return Landscape
If you would invest 0.14 in 88 Energy Limited on August 27, 2024 and sell it today you would lose (0.02) from holding 88 Energy Limited or give up 14.29% of portfolio value over 90 days. 88 Energy Limited is currently producing negative expected returns and takes up 6.9053% volatility of returns over 90 trading days. Put another way, 61% of traded pink sheets are less volatile than EEENF, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
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88 Energy Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for 88 Energy's investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as 88 Energy Limited, and traders can use it to determine the average amount a 88 Energy'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 = -0.0012
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| Negative Returns | EEENF |
Estimated Market Risk
| 6.91 actual daily | 61 61% of assets are less volatile |
Expected Return
| -0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average 88 Energy 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 88 Energy by adding 88 Energy to a well-diversified portfolio.
88 Energy Fundamentals Growth
EEENF Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of 88 Energy, and 88 Energy 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 EEENF Pink Sheet performance.
| Return On Equity | -0.66 | |||
| Return On Asset | -0.38 | |||
| Operating Margin | 17.16 % | |||
| Current Valuation | 113.42 M | |||
| Shares Outstanding | 18.27 B | |||
| Price To Book | 1.48 X | |||
| Price To Sales | 28.20 X | |||
| EBITDA | (1.21 M) | |||
| Cash And Equivalents | 10.47 M | |||
| Debt To Equity | 0.31 % | |||
| Book Value Per Share | 0.01 X | |||
| Cash Flow From Operations | (5.65 M) | |||
| Total Asset | 145.78 M | |||
About 88 Energy Performance
By analyzing 88 Energy's fundamental ratios, stakeholders can gain valuable insights into 88 Energy's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if 88 Energy 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 88 Energy has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
88 Energy Limited explores for oil and gas properties in the United States. The company was formerly known as Tangiers Petroleum Limited and changed its name to 88 Energy Limited in February 2015. 88 Energy Limited was incorporated in 1996 and is based in Subiaco, Australia. 88 Energy operates under Oil Gas EP classification in the United States and is traded on OTC Exchange. It employs 10 people.Things to note about 88 Energy Limited performance evaluation
Checking the ongoing alerts about 88 Energy for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for 88 Energy Limited help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| 88 Energy Limited generated a negative expected return over the last 90 days | |
| 88 Energy Limited has high historical volatility and very poor performance | |
| 88 Energy Limited has some characteristics of a very speculative penny stock | |
| 88 Energy Limited has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (2.41 M) with profit before overhead, payroll, taxes, and interest of 4.45 M. | |
| 88 Energy Limited has accumulated about 10.47 M in cash with (5.65 M) of positive cash flow from operations. |
- Analyzing 88 Energy'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 88 Energy's stock is overvalued or undervalued compared to its peers.
- Examining 88 Energy'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 88 Energy's management team can have a significant impact on its success or failure. Reviewing the track record and experience of 88 Energy's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of 88 Energy's pink sheet. These opinions can provide insight into 88 Energy's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for EEENF Pink Sheet analysis
When running 88 Energy's price analysis, check to measure 88 Energy'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 88 Energy is operating at the current time. Most of 88 Energy's value examination focuses on studying past and present price action to predict the probability of 88 Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 88 Energy's price. Additionally, you may evaluate how the addition of 88 Energy to your portfolios can decrease your overall portfolio volatility.
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