Providence Gold Mines Stock Performance
| PRRVF Stock | USD 0.02 0.01 36.36% |
Providence Gold holds a performance score of 8 on a scale of zero to a hundred. The company holds a Beta of -7.63, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Providence Gold are expected to decrease by larger amounts. On the other hand, during market turmoil, Providence Gold is expected to outperform it. Use Providence Gold value at risk, as well as the relationship between the skewness and day typical price , to analyze future returns on Providence Gold.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Providence Gold Mines are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile basic indicators, Providence Gold reported solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 514.5 K |
Providence |
Providence Gold Relative Risk vs. Return Landscape
If you would invest 2.65 in Providence Gold Mines on September 2, 2024 and sell it today you would lose (0.40) from holding Providence Gold Mines or give up 15.09% of portfolio value over 90 days. Providence Gold Mines is currently producing 7.0594% returns and takes up 61.9958% volatility of returns over 90 trading days. Put another way, most equities are less risky on the basis of their return distribution than Providence, and majority of traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Providence Gold Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Providence Gold's investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as Providence Gold Mines, and traders can use it to determine the average amount a Providence Gold'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 = 0.1139
| Best Portfolio | Best Equity | PRRVF | ||
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Estimated Market Risk
| 62.0 actual daily | 96 96% of assets are less volatile |
Expected Return
| 5.01 actual daily | 96 96% of assets have lower returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Providence Gold is performing at about 8% of its full potential. 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 Providence Gold by adding it to a well-diversified portfolio.
Providence Gold Fundamentals Growth
Providence Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of Providence Gold, and Providence Gold 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 Providence Pink Sheet performance.
| Return On Equity | -0.19 | |||
| Return On Asset | -0.0975 | |||
| Current Valuation | 1.52 M | |||
| Shares Outstanding | 60.66 M | |||
| Price To Book | 1.04 X | |||
| EBITDA | (608.88 K) | |||
| Cash And Equivalents | 36.48 K | |||
| Total Debt | 11.56 K | |||
| Debt To Equity | 0 % | |||
| Book Value Per Share | 0.04 X | |||
| Cash Flow From Operations | (520.34 K) | |||
| Earnings Per Share | (0.01) X | |||
| Total Asset | 2.68 M | |||
About Providence Gold Performance
By analyzing Providence Gold's fundamental ratios, stakeholders can gain valuable insights into Providence Gold's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Providence Gold 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 Providence Gold has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Providence Gold Mines Inc., an exploration stage company, engages in the exploration and evaluation of mineral properties located in the United States. Providence Gold Mines Inc. was incorporated in 2010 and is based in Surrey, Canada. Providence Gold is traded on OTC Exchange in the United States.Things to note about Providence Gold Mines performance evaluation
Checking the ongoing alerts about Providence Gold for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for Providence Gold Mines help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Providence Gold is way too risky over 90 days horizon | |
| Providence Gold has some characteristics of a very speculative penny stock | |
| Providence Gold appears to be risky and price may revert if volatility continues | |
| Providence Gold Mines has accumulated 11.56 K in total debt with debt to equity ratio (D/E) of 0.0, which may suggest the company is not taking enough advantage from borrowing. Providence Gold Mines has a current ratio of 0.22, 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 Providence Gold until it has trouble settling it off, either with new capital or with free cash flow. So, Providence Gold'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 Providence Gold Mines sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Providence to invest in growth at high rates of return. When we think about Providence Gold's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (645.48 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Providence Gold Mines has accumulated about 36.48 K in cash with (520.34 K) of positive cash flow from operations. | |
| Roughly 14.0% of Providence Gold outstanding shares are owned by corporate insiders |
- Analyzing Providence Gold'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 Providence Gold's stock is overvalued or undervalued compared to its peers.
- Examining Providence Gold'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 Providence Gold's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Providence Gold's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Providence Gold's pink sheet. These opinions can provide insight into Providence Gold's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Providence Pink Sheet analysis
When running Providence Gold's price analysis, check to measure Providence Gold'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 Providence Gold is operating at the current time. Most of Providence Gold's value examination focuses on studying past and present price action to predict the probability of Providence Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Providence Gold's price. Additionally, you may evaluate how the addition of Providence Gold to your portfolios can decrease your overall portfolio volatility.
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