Pace Metals Stock Performance
| PACE Stock | 0.16 0.00 0.00% |
The company holds a Beta of 0.42, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pace Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Pace Metals is expected to be smaller as well. At this point, Pace Metals has a negative expected return of -0.32%. Please make sure to check Pace Metals' coefficient of variation, variance, jensen alpha, as well as the relationship between the standard deviation and information ratio , to decide if Pace Metals 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 Pace Metals has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of abnormal performance in the last few months, the Stock's fundamental indicators remain fairly stable which may send shares a bit higher in February 2025. The latest fuss may also be a sign of long-term up-swing for the venture sophisticated investors. ...more
1 | SMM Blast Furnace Operating Rate As Steel Mill Profits Shrank, Resumption Pace Significantly Slowed Down - SMM - Shanghai Metals Market | 10/22/2024 |
Pace |
Pace Metals Relative Risk vs. Return Landscape
If you would invest 20.00 in Pace Metals on October 12, 2024 and sell it today you would lose (4.00) from holding Pace Metals or give up 20.0% of portfolio value over 90 days. Pace Metals is producing return of less than zero assuming 3.0469% volatility of returns over the 90 days investment horizon. Simply put, 27% of all stocks have less volatile historical return distribution than Pace Metals, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Pace Metals Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pace Metals' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Pace Metals, and traders can use it to determine the average amount a Pace 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 = -0.1061
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | PACE |
Estimated Market Risk
| 3.05 actual daily | 27 73% of assets are more volatile |
Expected Return
| -0.32 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.11 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Pace Metals 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 Pace Metals by adding Pace Metals to a well-diversified portfolio.
About Pace Metals Performance
Evaluating Pace Metals' performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Pace 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 Pace 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.
Pace Metals is entity of Canada. It is traded as Stock on V exchange.Things to note about Pace Metals performance evaluation
Checking the ongoing alerts about Pace Metals for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Pace Metals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Pace Metals generated a negative expected return over the last 90 days | |
| Pace Metals has some characteristics of a very speculative penny stock | |
| Pace Metals has high historical volatility and very poor performance |
- Analyzing Pace 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 Pace Metals' stock is overvalued or undervalued compared to its peers.
- Examining Pace 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 Pace Metals' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Pace Metals' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Pace Metals' stock. These opinions can provide insight into Pace Metals' potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Pace Stock Analysis
When running Pace Metals' price analysis, check to measure Pace 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 Pace Metals is operating at the current time. Most of Pace Metals' value examination focuses on studying past and present price action to predict the probability of Pace Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pace Metals' price. Additionally, you may evaluate how the addition of Pace Metals to your portfolios can decrease your overall portfolio volatility.