Independence Gold Corp Stock Performance
| IGO Stock | CAD 0.20 0.01 4.76% |
The company retains a Market Volatility (i.e., Beta) of 1.23, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Independence Gold will likely underperform. At this point, Independence Gold Corp has a negative expected return of -0.0712%. Please make sure to check out Independence Gold's total risk alpha and the relationship between the potential upside and market facilitation index , to decide if Independence Gold Corp performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Independence Gold Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly stable basic indicators, Independence Gold is not utilizing all of its potentials. The latest stock price fuss, may contribute to near-short-term losses for the sophisticated investors. ...more
1 | Independence Gold Ramps Up Drilling at 3Ts Project, Plans Ambitious 10,000m Program Near Blackwater Mine - StockTitan | 12/18/2024 |
2 | James Bay Minerals Advances Drilling at Independence Gold Project - TipRanks | 01/06/2025 |
3 | Independence Gold Reports Promising Drill Results at 3Ts Project - TipRanks | 01/20/2025 |
4 | Independence Gold Strengthens Team with Senior Technical Advisor Appointment - TipRanks | 02/07/2025 |
| Begin Period Cash Flow | 1.6 M |
Independence |
Independence Gold Relative Risk vs. Return Landscape
If you would invest 22.00 in Independence Gold Corp on November 19, 2024 and sell it today you would lose (2.00) from holding Independence Gold Corp or give up 9.09% of portfolio value over 90 days. Independence Gold Corp is currently producing negative expected returns and takes up 4.1087% volatility of returns over 90 trading days. Put another way, 36% of traded stocks are less volatile than Independence, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Independence Gold Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Independence Gold's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Independence Gold Corp, and traders can use it to determine the average amount a Independence Gold'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 = -0.0173
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | IGO |
Estimated Market Risk
| 4.11 actual daily | 36 64% of assets are more volatile |
Expected Return
| -0.07 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Independence Gold 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 Independence Gold by adding Independence Gold to a well-diversified portfolio.
Independence Gold Fundamentals Growth
Independence Stock prices reflect investors' perceptions of the future prospects and financial health of Independence Gold, and Independence Gold 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 Independence Stock performance.
| Return On Equity | -0.94 | ||||
| Return On Asset | -0.48 | ||||
| Current Valuation | 41.2 M | ||||
| Shares Outstanding | 204.66 M | ||||
| Price To Earning | (3.55) X | ||||
| Price To Book | 7.99 X | ||||
| Gross Profit | (1.28 K) | ||||
| EBITDA | (3.76 M) | ||||
| Net Income | (3.81 M) | ||||
| Cash And Equivalents | 1.98 M | ||||
| Cash Per Share | 0.04 X | ||||
| Total Debt | 420.78 K | ||||
| Debt To Equity | 7.90 % | ||||
| Current Ratio | 6.60 X | ||||
| Book Value Per Share | 0.03 X | ||||
| Cash Flow From Operations | (3.36 M) | ||||
| Earnings Per Share | (0.03) X | ||||
| Market Capitalization | 42.98 M | ||||
| Total Asset | 8.47 M | ||||
| Retained Earnings | (40.37 M) | ||||
| Working Capital | 3.15 M | ||||
About Independence Gold Performance
Evaluating Independence Gold's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Independence Gold 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 Independence Gold 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 | (0.52) | (0.54) | |
| Return On Capital Employed | (0.56) | (0.53) | |
| Return On Assets | (0.52) | (0.54) | |
| Return On Equity | (0.58) | (0.60) |
Things to note about Independence Gold Corp performance evaluation
Checking the ongoing alerts about Independence Gold for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Independence Gold Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Independence Gold generated a negative expected return over the last 90 days | |
| Independence Gold has some characteristics of a very speculative penny stock | |
| Independence Gold has high historical volatility and very poor performance | |
| Net Loss for the year was (3.81 M) with loss before overhead, payroll, taxes, and interest of (1.28 K). | |
| Independence Gold Corp has accumulated about 1.98 M in cash with (3.36 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.04. | |
| Latest headline from news.google.com: Independence Gold Strengthens Team with Senior Technical Advisor Appointment - TipRanks |
- Analyzing Independence Gold'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 Independence Gold's stock is overvalued or undervalued compared to its peers.
- Examining Independence Gold'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 Independence Gold's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Independence Gold's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Independence Gold's stock. These opinions can provide insight into Independence Gold's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Independence Stock Analysis
When running Independence Gold's price analysis, check to measure Independence Gold'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 Independence Gold is operating at the current time. Most of Independence Gold's value examination focuses on studying past and present price action to predict the probability of Independence Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Independence Gold's price. Additionally, you may evaluate how the addition of Independence Gold to your portfolios can decrease your overall portfolio volatility.