Mirasol Resources Stock Performance
| MRZ Stock | CAD 0.39 0.01 2.50% |
The company secures a Beta (Market Risk) of -0.0795, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mirasol Resources are expected to decrease at a much lower rate. During the bear market, Mirasol Resources is likely to outperform the market. At this point, Mirasol Resources has a negative expected return of -0.24%. Please make sure to verify Mirasol Resources' treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Mirasol Resources performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Mirasol Resources has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unfluctuating performance in the last few months, the Stock's basic indicators remain fairly stable which may send shares a bit higher in December 2024. The latest fuss may also be a sign of long-term up-swing for the venture sophisticated investors. ...more
1 | Mirasol Resources Corrects Private Placement Details - TipRanks | 09/25/2024 |
2 | Ted Dixon - The Globe and Mail | 11/21/2024 |
| Begin Period Cash Flow | 8.1 M |
Mirasol |
Mirasol Resources Relative Risk vs. Return Landscape
If you would invest 47.00 in Mirasol Resources on August 25, 2024 and sell it today you would lose (8.00) from holding Mirasol Resources or give up 17.02% of portfolio value over 90 days. Mirasol Resources is currently producing negative expected returns and takes up 3.1884% volatility of returns over 90 trading days. Put another way, 28% of traded stocks are less volatile than Mirasol, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Mirasol Resources Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mirasol Resources' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Mirasol Resources, and traders can use it to determine the average amount a Mirasol Resources' 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 = -0.0758
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| Negative Returns | MRZ |
Estimated Market Risk
| 3.19 actual daily | 28 72% of assets are more volatile |
Expected Return
| -0.24 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Mirasol Resources 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 Mirasol Resources by adding Mirasol Resources to a well-diversified portfolio.
Mirasol Resources Fundamentals Growth
Mirasol Stock prices reflect investors' perceptions of the future prospects and financial health of Mirasol Resources, and Mirasol Resources 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 Mirasol Stock performance.
| Return On Equity | -1.37 | ||||
| Return On Asset | -0.81 | ||||
| Current Valuation | 30.07 M | ||||
| Shares Outstanding | 81.1 M | ||||
| Price To Book | 8.80 X | ||||
| Price To Sales | 1,963 X | ||||
| Gross Profit | 496.7 K | ||||
| EBITDA | (9.3 M) | ||||
| Net Income | (8.92 M) | ||||
| Cash And Equivalents | 22.28 M | ||||
| Cash Per Share | 0.41 X | ||||
| Total Debt | 622.6 K | ||||
| Current Ratio | 59.16 X | ||||
| Book Value Per Share | 0.05 X | ||||
| Cash Flow From Operations | (8.31 M) | ||||
| Earnings Per Share | (0.13) X | ||||
| Market Capitalization | 31.63 M | ||||
| Total Asset | 4.31 M | ||||
| Retained Earnings | (86.76 M) | ||||
| Working Capital | 2.03 M | ||||
About Mirasol Resources Performance
Evaluating Mirasol Resources' performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Mirasol Resources 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 Mirasol Resources 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 | (2.07) | (1.97) | |
| Return On Capital Employed | (2.54) | (2.41) | |
| Return On Assets | (2.07) | (1.97) | |
| Return On Equity | (2.42) | (2.30) |
Things to note about Mirasol Resources performance evaluation
Checking the ongoing alerts about Mirasol Resources for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Mirasol Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Mirasol Resources generated a negative expected return over the last 90 days | |
| Mirasol Resources has some characteristics of a very speculative penny stock | |
| Mirasol Resources has high historical volatility and very poor performance | |
| Mirasol Resources has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (8.92 M) with profit before overhead, payroll, taxes, and interest of 496.7 K. | |
| Mirasol Resources has accumulated about 22.28 M in cash with (8.31 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.41, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 33.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Ted Dixon - The Globe and Mail |
- Analyzing Mirasol Resources' 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 Mirasol Resources' stock is overvalued or undervalued compared to its peers.
- Examining Mirasol Resources' 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 Mirasol Resources' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Mirasol Resources' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Mirasol Resources' stock. These opinions can provide insight into Mirasol Resources' potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Mirasol Stock Analysis
When running Mirasol Resources' price analysis, check to measure Mirasol Resources' 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 Mirasol Resources is operating at the current time. Most of Mirasol Resources' value examination focuses on studying past and present price action to predict the probability of Mirasol Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mirasol Resources' price. Additionally, you may evaluate how the addition of Mirasol Resources to your portfolios can decrease your overall portfolio volatility.