Pure Global Cannabis Stock Performance
The company holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and Pure Global are completely uncorrelated.
Risk-Adjusted Performance
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Over the last 90 days Pure Global Cannabis has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable basic indicators, Pure Global is not utilizing all of its potentials. The newest stock price disturbance, may contribute to mid-run losses for the stockholders. ...more
| Begin Period Cash Flow | 237.9 K | |
| Total Cashflows From Investing Activities | -10.1 M |
Pure |
Pure Global Relative Risk vs. Return Landscape
If you would invest 0.00 in Pure Global Cannabis on August 24, 2024 and sell it today you would earn a total of 0.00 from holding Pure Global Cannabis or generate 0.0% return on investment over 90 days. Pure Global Cannabis is currently producing negative expected returns and takes up 0.0% volatility of returns over 90 trading days. Put another way, 0% of traded pink sheets are less volatile than Pure, 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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Pure Global Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pure Global's investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as Pure Global Cannabis, and traders can use it to determine the average amount a Pure Global'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 = 0.0
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Based on monthly moving average Pure Global 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 Pure Global by adding Pure Global to a well-diversified portfolio.
Pure Global Fundamentals Growth
Pure Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of Pure Global, and Pure Global 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 Pure Pink Sheet performance.
| Return On Equity | -1.46 | |||
| Return On Asset | -0.29 | |||
| Operating Margin | (7.56) % | |||
| Current Valuation | 32.31 K | |||
| Shares Outstanding | 161.56 M | |||
| Price To Book | 0.01 X | |||
| Price To Sales | 0 X | |||
| EBITDA | (23.37 M) | |||
| Cash And Equivalents | 146.1 K | |||
| Total Debt | 7.23 M | |||
| Debt To Equity | 3.05 % | |||
| Book Value Per Share | 0.02 X | |||
| Cash Flow From Operations | (8.99 M) | |||
| Earnings Per Share | (0.06) X | |||
| Total Asset | 22.24 M | |||
About Pure Global Performance
By analyzing Pure Global's fundamental ratios, stakeholders can gain valuable insights into Pure Global's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Pure Global 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 Pure Global has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Pure Global Cannabis Inc. produces cannabis products for the medical and adult-use markets in Canada. Pure Global Cannabis Inc. is headquartered in Toronto, Canada. PURE GLOBAL operates under Drug ManufacturersSpecialty Generic classification in the United States and is traded on PNK Exchange.Things to note about Pure Global Cannabis performance evaluation
Checking the ongoing alerts about Pure Global for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for Pure Global Cannabis help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Pure Global Cannabis generated a negative expected return over the last 90 days | |
| Pure Global Cannabis has some characteristics of a very speculative penny stock | |
| Pure Global Cannabis has a very high chance of going through financial distress in the upcoming years | |
| Pure Global Cannabis has accumulated 7.23 M in total debt with debt to equity ratio (D/E) of 3.05, implying the company greatly relies on financing operations through barrowing. Pure Global Cannabis has a current ratio of 0.3, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Pure Global until it has trouble settling it off, either with new capital or with free cash flow. So, Pure Global's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Pure Global Cannabis sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Pure to invest in growth at high rates of return. When we think about Pure Global's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (23.42 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Pure Global Cannabis has accumulated about 146.1 K in cash with (8.99 M) of positive cash flow from operations. | |
| Roughly 16.0% of Pure Global outstanding shares are owned by corporate insiders |
- Analyzing Pure Global'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 Pure Global's stock is overvalued or undervalued compared to its peers.
- Examining Pure Global'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 Pure Global's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Pure Global's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Pure Global's pink sheet. These opinions can provide insight into Pure Global's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Pure Pink Sheet analysis
When running Pure Global's price analysis, check to measure Pure Global'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 Pure Global is operating at the current time. Most of Pure Global's value examination focuses on studying past and present price action to predict the probability of Pure Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pure Global's price. Additionally, you may evaluate how the addition of Pure Global to your portfolios can decrease your overall portfolio volatility.
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