Northgold (Sweden) Performance
| NG Stock | 0.73 0.03 4.29% |
The company secures a Beta (Market Risk) of 0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Northgold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Northgold is expected to be smaller as well. At this point, Northgold AB has a negative expected return of -0.7%. Please make sure to verify Northgold's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Northgold AB 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 Northgold AB has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of uncertain performance in the last few months, the Stock's basic indicators remain comparatively stable which may send shares a bit higher in December 2024. The newest uproar may also be a sign of mid-term up-swing for the firm private investors. ...more
| Begin Period Cash Flow | 49.8 K | |
| Total Cashflows From Investing Activities | -5.6 M |
Northgold |
Northgold Relative Risk vs. Return Landscape
If you would invest 147.00 in Northgold AB on August 29, 2024 and sell it today you would lose (74.00) from holding Northgold AB or give up 50.34% of portfolio value over 90 days. Northgold AB is currently producing negative expected returns and takes up 8.1994% volatility of returns over 90 trading days. Put another way, 73% of traded stocks are less volatile than Northgold, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
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Northgold Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northgold's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Northgold AB, and traders can use it to determine the average amount a Northgold'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 = -0.0855
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| Negative Returns | NG |
Estimated Market Risk
| 8.2 actual daily | 73 73% of assets are less volatile |
Expected Return
| -0.7 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.09 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Northgold 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 Northgold by adding Northgold to a well-diversified portfolio.
Northgold Fundamentals Growth
Northgold Stock prices reflect investors' perceptions of the future prospects and financial health of Northgold, and Northgold 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 Northgold Stock performance.
| Return On Equity | 3.28 | |||
| Current Valuation | 140.26 M | |||
| Shares Outstanding | 10.52 M | |||
| Price To Book | 4.13 X | |||
| Revenue | 495.9 M | |||
| EBITDA | (4.38 M) | |||
| Cash And Equivalents | 3.59 M | |||
| Total Debt | 6.78 M | |||
| Book Value Per Share | 3.68 X | |||
| Cash Flow From Operations | (4.21 M) | |||
| Total Asset | 13.38 M | |||
About Northgold Performance
Assessing Northgold's fundamental ratios provides investors with valuable insights into Northgold's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Northgold is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
Things to note about Northgold AB performance evaluation
Checking the ongoing alerts about Northgold for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Northgold AB help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Northgold AB generated a negative expected return over the last 90 days | |
| Northgold AB has high historical volatility and very poor performance | |
| Northgold AB has some characteristics of a very speculative penny stock | |
| The company reported the revenue of 495.9 M. Net Loss for the year was (4.56 M) with loss before overhead, payroll, taxes, and interest of (2.69 M). | |
| Northgold AB has accumulated about 3.59 M in cash with (4.21 M) of positive cash flow from operations. | |
| Roughly 58.0% of the company outstanding shares are owned by corporate insiders |
- Analyzing Northgold'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 Northgold's stock is overvalued or undervalued compared to its peers.
- Examining Northgold'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 Northgold's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Northgold's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Northgold's stock. These opinions can provide insight into Northgold's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Northgold Stock Analysis
When running Northgold's price analysis, check to measure Northgold'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 Northgold is operating at the current time. Most of Northgold's value examination focuses on studying past and present price action to predict the probability of Northgold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northgold's price. Additionally, you may evaluate how the addition of Northgold to your portfolios can decrease your overall portfolio volatility.