Grid Metals Corp Stock Performance
| GRDM Stock | CAD 0.04 0.01 11.11% |
Grid Metals has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.36, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Grid Metals are expected to decrease at a much lower rate. During the bear market, Grid Metals is likely to outperform the market. Grid Metals Corp right now retains a risk of 8.45%. Please check out Grid Metals downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Grid Metals will be following its current trending patterns.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Grid Metals Corp are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. In spite of fairly abnormal fundamental indicators, Grid Metals may actually be approaching a critical reversion point that can send shares even higher in December 2024. ...more
Last Split Factor 1:10 | Dividend Date 2017-10-26 | Last Split Date 2017-10-26 |
1 | Grid Battery Metals Drilling Update on its Clayton Valley Lithium Project - Investing News Network | 09/26/2024 |
| Begin Period Cash Flow | 9.4 M |
Grid |
Grid Metals Relative Risk vs. Return Landscape
If you would invest 4.50 in Grid Metals Corp on August 25, 2024 and sell it today you would lose (0.50) from holding Grid Metals Corp or give up 11.11% of portfolio value over 90 days. Grid Metals Corp is generating 0.1717% of daily returns assuming 8.4535% volatility of returns over the 90 days investment horizon. Simply put, 75% of all stocks have less volatile historical return distribution than Grid Metals, and 97% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Grid Metals Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grid Metals' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Grid Metals Corp, and traders can use it to determine the average amount a Grid 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 = 0.0203
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Estimated Market Risk
| 8.45 actual daily | 75 75% of assets are less volatile |
Expected Return
| 0.17 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Grid Metals is performing at about 1% 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 Grid Metals by adding it to a well-diversified portfolio.
Grid Metals Fundamentals Growth
Grid Stock prices reflect investors' perceptions of the future prospects and financial health of Grid Metals, and Grid 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 Grid Stock performance.
| Return On Equity | -1.77 | ||||
| Return On Asset | -0.76 | ||||
| Current Valuation | 6.41 M | ||||
| Shares Outstanding | 204.4 M | ||||
| Price To Book | 3.33 X | ||||
| EBITDA | (8.07 M) | ||||
| Net Income | (10.37 M) | ||||
| Cash And Equivalents | 1.15 M | ||||
| Cash Per Share | 0.03 X | ||||
| Total Debt | 6.69 M | ||||
| Current Ratio | 5.03 X | ||||
| Book Value Per Share | 0.01 X | ||||
| Cash Flow From Operations | (8.14 M) | ||||
| Earnings Per Share | (0.04) X | ||||
| Market Capitalization | 8.18 M | ||||
| Total Asset | 12.79 M | ||||
| Retained Earnings | (69.27 M) | ||||
| Working Capital | 4.44 M | ||||
About Grid Metals Performance
Evaluating Grid Metals' performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Grid 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 Grid 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.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.81) | (0.77) | |
| Return On Capital Employed | (1.24) | (1.17) | |
| Return On Assets | (0.81) | (0.77) | |
| Return On Equity | (1.70) | (1.62) |
Things to note about Grid Metals Corp performance evaluation
Checking the ongoing alerts about Grid Metals for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Grid Metals Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Grid Metals Corp had very high historical volatility over the last 90 days | |
| Grid Metals Corp has some characteristics of a very speculative penny stock | |
| Grid Metals Corp has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (10.37 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Grid Metals Corp has accumulated about 1.15 M in cash with (8.14 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03. | |
| Roughly 15.0% of the company shares are held by company insiders |
- Analyzing Grid 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 Grid Metals' stock is overvalued or undervalued compared to its peers.
- Examining Grid 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 Grid Metals' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Grid Metals' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Grid Metals' stock. These opinions can provide insight into Grid Metals' potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Grid Stock Analysis
When running Grid Metals' price analysis, check to measure Grid 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 Grid Metals is operating at the current time. Most of Grid Metals' value examination focuses on studying past and present price action to predict the probability of Grid Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grid Metals' price. Additionally, you may evaluate how the addition of Grid Metals to your portfolios can decrease your overall portfolio volatility.