Nexgold Mining Corp Stock Performance
| NEXG Stock | 0.66 0.01 1.54% |
The company secures a Beta (Market Risk) of 0.74, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NeXGold Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding NeXGold Mining is expected to be smaller as well. At this point, NeXGold Mining Corp has a negative expected return of -0.32%. Please make sure to verify NeXGold Mining's accumulation distribution, rate of daily change, and the relationship between the kurtosis and daily balance of power , to decide if NeXGold Mining Corp 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 NeXGold Mining Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak 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
Last Split Factor 1:4 | Dividend Date 2020-08-11 | Last Split Date 2024-07-10 |
1 | Treasury Metals NexGold and Signal Gold Upsize Financing - TipRanks | 10/23/2024 |
2 | NeXGold Mining PS Ratio - GuruFocus.com | 11/20/2024 |
| Begin Period Cash Flow | 16 M | |
| Free Cash Flow | -11.3 M |
NeXGold |
NeXGold Mining Relative Risk vs. Return Landscape
If you would invest 83.00 in NeXGold Mining Corp on August 27, 2024 and sell it today you would lose (18.00) from holding NeXGold Mining Corp or give up 21.69% of portfolio value over 90 days. NeXGold Mining Corp is producing return of less than zero assuming 3.8368% volatility of returns over the 90 days investment horizon. Simply put, 34% of all stocks have less volatile historical return distribution than NeXGold Mining, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
NeXGold Mining Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NeXGold Mining's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as NeXGold Mining Corp, and traders can use it to determine the average amount a NeXGold Mining'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 = -0.0824
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| Negative Returns | NEXG |
Estimated Market Risk
| 3.84 actual daily | 34 66% of assets are more volatile |
Expected Return
| -0.32 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 NeXGold Mining 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 NeXGold Mining by adding NeXGold Mining to a well-diversified portfolio.
NeXGold Mining Fundamentals Growth
NeXGold Stock prices reflect investors' perceptions of the future prospects and financial health of NeXGold Mining, and NeXGold Mining 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 NeXGold Stock performance.
| Return On Equity | -0.11 | ||||
| Return On Asset | -0.0527 | ||||
| Current Valuation | 73.37 M | ||||
| Shares Outstanding | 76.21 M | ||||
| Price To Book | 0.66 X | ||||
| EBITDA | (9.61 M) | ||||
| Net Income | (13.39 M) | ||||
| Total Debt | 1.86 M | ||||
| Book Value Per Share | 2.05 X | ||||
| Cash Flow From Operations | (11.31 M) | ||||
| Earnings Per Share | 0.08 X | ||||
| Total Asset | 117.68 M | ||||
| Retained Earnings | (143.97 M) | ||||
About NeXGold Mining Performance
Evaluating NeXGold Mining's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if NeXGold Mining 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 NeXGold Mining 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.
NeXGold Mining is entity of Canada. It is traded as Stock on V exchange.Things to note about NeXGold Mining Corp performance evaluation
Checking the ongoing alerts about NeXGold Mining for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for NeXGold Mining Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| NeXGold Mining Corp generated a negative expected return over the last 90 days | |
| NeXGold Mining Corp has some characteristics of a very speculative penny stock | |
| NeXGold Mining Corp has high historical volatility and very poor performance | |
| Net Loss for the year was (13.39 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| NeXGold Mining generates negative cash flow from operations | |
| About 13.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: NeXGold Mining PS Ratio - GuruFocus.com |
- Analyzing NeXGold Mining'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 NeXGold Mining's stock is overvalued or undervalued compared to its peers.
- Examining NeXGold Mining'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 NeXGold Mining's management team can have a significant impact on its success or failure. Reviewing the track record and experience of NeXGold Mining's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of NeXGold Mining's stock. These opinions can provide insight into NeXGold Mining's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for NeXGold Stock Analysis
When running NeXGold Mining's price analysis, check to measure NeXGold Mining'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 NeXGold Mining is operating at the current time. Most of NeXGold Mining's value examination focuses on studying past and present price action to predict the probability of NeXGold Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NeXGold Mining's price. Additionally, you may evaluate how the addition of NeXGold Mining to your portfolios can decrease your overall portfolio volatility.