Renforth Resources Stock Performance
| RFHRF Stock | USD 0.01 0 31.69% |
Renforth Resources holds a performance score of 7 on a scale of zero to a hundred. The company holds a Beta of 3.34, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Renforth Resources will likely underperform. Use Renforth Resources maximum drawdown and the relationship between the semi variance and price action indicator , to analyze future returns on Renforth Resources.
Risk-Adjusted Performance
7 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Renforth Resources are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile basic indicators, Renforth Resources reported solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 2.6 M |
Renforth |
Renforth Resources Relative Risk vs. Return Landscape
If you would invest 1.11 in Renforth Resources on August 26, 2024 and sell it today you would lose (0.14) from holding Renforth Resources or give up 12.61% of portfolio value over 90 days. Renforth Resources is currently producing 2.44% returns and takes up 26.317% volatility of returns over 90 trading days. Put another way, most equities are less risky on the basis of their return distribution than Renforth, and majority of traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Renforth Resources Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Renforth Resources' investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as Renforth Resources, and traders can use it to determine the average amount a Renforth Resources' 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 = 0.0927
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Estimated Market Risk
| 26.32 actual daily | 96 96% of assets are less volatile |
Expected Return
| 2.44 actual daily | 48 52% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average Renforth Resources is performing at about 7% 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 Renforth Resources by adding it to a well-diversified portfolio.
Renforth Resources Fundamentals Growth
Renforth OTC Stock prices reflect investors' perceptions of the future prospects and financial health of Renforth Resources, and Renforth Resources 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 Renforth OTC Stock performance.
| Return On Equity | -1.74 | |||
| Return On Asset | -0.59 | |||
| Current Valuation | 4.99 M | |||
| Shares Outstanding | 326.36 M | |||
| Price To Book | 5.83 X | |||
| EBITDA | (4.07 M) | |||
| Cash And Equivalents | 1.83 M | |||
| Cash Per Share | 0.01 X | |||
| Book Value Per Share | 0.01 X | |||
| Cash Flow From Operations | (3.03 M) | |||
| Earnings Per Share | (0.01) X | |||
| Total Asset | 4.65 M | |||
About Renforth Resources Performance
By analyzing Renforth Resources' fundamental ratios, stakeholders can gain valuable insights into Renforth Resources' financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Renforth Resources 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 Renforth Resources has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Renforth Resources Inc. engages in the acquisition, exploration, and development of mineral properties in Canada. Renforth Resources Inc. is headquartered in Pickering, Canada. Renforth Resources is traded on OTC Exchange in the United States.Things to note about Renforth Resources performance evaluation
Checking the ongoing alerts about Renforth Resources for important developments is a great way to find new opportunities for your next move. OTC Stock alerts and notifications screener for Renforth Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Renforth Resources is way too risky over 90 days horizon | |
| Renforth Resources has some characteristics of a very speculative penny stock | |
| Renforth Resources appears to be risky and price may revert if volatility continues | |
| Renforth Resources has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (3.42 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Renforth Resources has accumulated about 1.83 M in cash with (3.03 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01, which can makes it an attractive takeover target, given it will continue generating positive cash flow. |
- Analyzing Renforth Resources' 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 Renforth Resources' stock is overvalued or undervalued compared to its peers.
- Examining Renforth Resources' 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 Renforth Resources' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Renforth Resources' management team can help you assess the OTC Stock's leadership.
- Pay attention to analyst opinions and ratings of Renforth Resources' otc stock. These opinions can provide insight into Renforth Resources' potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Renforth OTC Stock analysis
When running Renforth Resources' price analysis, check to measure Renforth Resources' 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 Renforth Resources is operating at the current time. Most of Renforth Resources' value examination focuses on studying past and present price action to predict the probability of Renforth Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Renforth Resources' price. Additionally, you may evaluate how the addition of Renforth Resources to your portfolios can decrease your overall portfolio volatility.
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