Giga Metals Corp Stock Performance
| GIGA Stock | CAD 0.13 0.01 7.14% |
The company retains a Market Volatility (i.e., Beta) of -0.94, which attests to possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Giga Metals are expected to decrease slowly. On the other hand, during market turmoil, Giga Metals is expected to outperform it slightly. Giga Metals Corp right now retains a risk of 5.08%. Please check out Giga Metals downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Giga Metals will be following its current trending patterns.
Risk-Adjusted Performance
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Over the last 90 days Giga Metals Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly stable technical and fundamental indicators, Giga Metals is not utilizing all of its potentials. The latest stock price fuss, may contribute to near-short-term losses for the sophisticated investors. ...more
| Begin Period Cash Flow | 7.2 M |
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Giga Metals Relative Risk vs. Return Landscape
If you would invest 14.00 in Giga Metals Corp on August 29, 2024 and sell it today you would lose (1.00) from holding Giga Metals Corp or give up 7.14% of portfolio value over 90 days. Giga Metals Corp is generating 0.0093% of daily returns assuming 5.0818% volatility of returns over the 90 days investment horizon. Simply put, 45% of all stocks have less volatile historical return distribution than Giga Metals, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Giga Metals Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Giga Metals' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Giga Metals Corp, and traders can use it to determine the average amount a Giga Metals' 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 = 0.0018
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Estimated Market Risk
| 5.08 actual daily | 45 55% of assets are more 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 Giga Metals 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 Giga Metals by adding Giga Metals to a well-diversified portfolio.
Giga Metals Fundamentals Growth
Giga Stock prices reflect investors' perceptions of the future prospects and financial health of Giga Metals, and Giga Metals 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 Giga Stock performance.
| Return On Equity | -0.085 | |||
| Return On Asset | -0.0522 | |||
| Current Valuation | 13.36 M | |||
| Shares Outstanding | 105.59 M | |||
| Price To Earning | 7.86 X | |||
| Price To Book | 0.75 X | |||
| EBITDA | (2.08 M) | |||
| Cash And Equivalents | 3.37 M | |||
| Cash Per Share | 0.06 X | |||
| Total Debt | 139.48 K | |||
| Book Value Per Share | 0.19 X | |||
| Cash Flow From Operations | (1.45 M) | |||
| Earnings Per Share | (0.02) X | |||
| Total Asset | 23.26 M | |||
| Retained Earnings | (60.94 M) | |||
About Giga Metals Performance
Evaluating Giga Metals' performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Giga Metals 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 Giga Metals has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Giga Metals Corporation engages in the acquisition, exploration, and development of mineral properties in Canada. Giga Metals Corporation was founded in 1983 and is headquartered in Vancouver, Canada. GIGA METALS operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange.Things to note about Giga Metals Corp performance evaluation
Checking the ongoing alerts about Giga Metals for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Giga Metals Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Giga Metals Corp had very high historical volatility over the last 90 days | |
| Giga Metals Corp has some characteristics of a very speculative penny stock | |
| Net Loss for the year was (2.06 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Giga Metals Corp has accumulated about 3.37 M in cash with (1.45 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.06. |
- Analyzing Giga Metals' 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 Giga Metals' stock is overvalued or undervalued compared to its peers.
- Examining Giga Metals' 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 Giga Metals' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Giga Metals' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Giga Metals' stock. These opinions can provide insight into Giga Metals' potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Giga Stock Analysis
When running Giga Metals' price analysis, check to measure Giga Metals' 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 Giga Metals is operating at the current time. Most of Giga Metals' value examination focuses on studying past and present price action to predict the probability of Giga Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Giga Metals' price. Additionally, you may evaluate how the addition of Giga Metals to your portfolios can decrease your overall portfolio volatility.