Spruce Ridge Resources Stock Performance
| SHL Stock | CAD 0.39 0.04 9.30% |
Spruce Ridge holds a performance score of 19 on a scale of zero to a hundred. The entity has a beta of -1.09, which indicates a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Spruce Ridge are expected to decrease slowly. On the other hand, during market turmoil, Spruce Ridge is expected to outperform it slightly. Use Spruce Ridge Resources value at risk and the relationship between the expected short fall and price action indicator , to analyze future returns on Spruce Ridge Resources.
Risk-Adjusted Performance
Solid
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in Spruce Ridge Resources are ranked lower than 19 (%) of all global equities and portfolios over the last 90 days. In spite of fairly abnormal basic indicators, Spruce Ridge showed solid returns over the last few months and may actually be approaching a breakup point. ...more
Spruce |
Spruce Ridge Relative Risk vs. Return Landscape
If you would invest 9.00 in Spruce Ridge Resources on October 31, 2025 and sell it today you would earn a total of 30.00 from holding Spruce Ridge Resources or generate 333.33% return on investment over 90 days. Spruce Ridge Resources is currently producing 3.1367% returns and takes up 13.084% volatility of returns over 90 trading days. Put another way, most equities are less risky on the basis of their return distribution than Spruce, and majority of traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Spruce Ridge Target Price Odds to finish over Current Price
The tendency of Spruce Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 0.39 | 90 days | 0.39 | about 6.26 |
Based on a normal probability distribution, the odds of Spruce Ridge to move above the current price in 90 days from now is about 6.26 (This Spruce Ridge Resources probability density function shows the probability of Spruce Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon Spruce Ridge Resources has a beta of -1.09. This usually implies In addition to that Spruce Ridge Resources has an alpha of 3.1824, implying that it can generate a 3.18 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Spruce Ridge Price Density |
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Predictive Modules for Spruce Ridge
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Spruce Ridge Resources. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Spruce Ridge Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Spruce Ridge is not an exception. The market had few large corrections towards the Spruce Ridge's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Spruce Ridge Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Spruce Ridge within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 3.18 | |
β | Beta against Dow Jones | -1.09 | |
σ | Overall volatility | 0.15 | |
Ir | Information ratio | 0.24 |
Spruce Ridge Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Spruce Ridge for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Spruce Ridge Resources can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Spruce Ridge is way too risky over 90 days horizon | |
| Spruce Ridge has some characteristics of a very speculative penny stock | |
| Spruce Ridge appears to be risky and price may revert if volatility continues | |
| Net Loss for the year was (4.97 M) with profit before overhead, payroll, taxes, and interest of 31.05 K. | |
| Spruce Ridge Resources has accumulated about 10.93 M in cash with (1.61 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.06. | |
| Latest headline from news.google.com: Clean Air Metals narrows loss as Thunder Bay North project advances with new PEA and step-out drill results - MSN |
Spruce Ridge Fundamentals Growth
Spruce Stock prices reflect investors' perceptions of the future prospects and financial health of Spruce Ridge, and Spruce Ridge 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 Spruce Stock performance.
| Return On Equity | -0.18 | |||
| Return On Asset | -0.13 | |||
| Current Valuation | 92.8 M | |||
| Shares Outstanding | 226.1 M | |||
| Price To Earning | 0.85 X | |||
| Price To Book | 10.12 X | |||
| Price To Sales | 7,827 X | |||
| EBITDA | (2.14 M) | |||
| Cash And Equivalents | 10.93 M | |||
| Cash Per Share | 0.06 X | |||
| Total Debt | 521.68 K | |||
| Debt To Equity | 0 % | |||
| Book Value Per Share | 0.04 X | |||
| Cash Flow From Operations | (1.61 M) | |||
| Total Asset | 10.11 M | |||
| Retained Earnings | (14.12 M) | |||
About Spruce Ridge Performance
Evaluating Spruce Ridge's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Spruce Ridge 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 Spruce Ridge 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.
Spruce Ridge Resources Ltd., an exploration-stage company, engages in the acquisition, exploration, and development of mineral properties. The company was incorporated in 1989 and is headquartered in Puslinch, Canada. SPRUCE RIDGE is traded on Commodity Exchange in Exotistan.Things to note about Spruce Ridge Resources performance evaluation
Checking the ongoing alerts about Spruce Ridge for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Spruce Ridge Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Spruce Ridge is way too risky over 90 days horizon | |
| Spruce Ridge has some characteristics of a very speculative penny stock | |
| Spruce Ridge appears to be risky and price may revert if volatility continues | |
| Net Loss for the year was (4.97 M) with profit before overhead, payroll, taxes, and interest of 31.05 K. | |
| Spruce Ridge Resources has accumulated about 10.93 M in cash with (1.61 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.06. | |
| Latest headline from news.google.com: Clean Air Metals narrows loss as Thunder Bay North project advances with new PEA and step-out drill results - MSN |
- Analyzing Spruce Ridge'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 Spruce Ridge's stock is overvalued or undervalued compared to its peers.
- Examining Spruce Ridge'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 Spruce Ridge's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Spruce Ridge's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Spruce Ridge's stock. These opinions can provide insight into Spruce Ridge's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Spruce Stock Analysis
When running Spruce Ridge's price analysis, check to measure Spruce Ridge'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 Spruce Ridge is operating at the current time. Most of Spruce Ridge's value examination focuses on studying past and present price action to predict the probability of Spruce Ridge's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spruce Ridge's price. Additionally, you may evaluate how the addition of Spruce Ridge to your portfolios can decrease your overall portfolio volatility.