Spruce Ridge Resources Stock Performance
| SHL Stock | CAD 0.03 0.01 25.00% |
The entity has a beta of 1.8, which indicates 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, Spruce Ridge will likely underperform. At this point, Spruce Ridge Resources has a negative expected return of -0.13%. Please make sure to validate Spruce Ridge's total risk alpha, rate of daily change, as well as the relationship between the Rate Of Daily Change and period momentum indicator , to decide if Spruce Ridge Resources performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Over the last 90 days Spruce Ridge Resources has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest unfluctuating performance, the Stock's basic indicators remain stable and the latest fuss on Wall Street may also be a sign of long-term gains for the venture sophisticated investors. ...more
Last Split Factor 1343:1000 | Last Split Date 2021-11-08 |
1 | Homeland Nickel Boosts Stake in U.S. Subsidiary - TipRanks | 11/06/2024 |
| Begin Period Cash Flow | 213.8 K | |
| Free Cash Flow | -1.4 M |
Spruce |
Spruce Ridge Relative Risk vs. Return Landscape
If you would invest 4.00 in Spruce Ridge Resources on August 24, 2024 and sell it today you would lose (1.00) from holding Spruce Ridge Resources or give up 25.0% of portfolio value over 90 days. Spruce Ridge Resources is currently producing negative expected returns and takes up 8.1945% volatility of returns over 90 trading days. Put another way, 72% of traded stocks are less volatile than Spruce, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Spruce Ridge Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spruce Ridge's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Spruce Ridge Resources, and traders can use it to determine the average amount a Spruce Ridge'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 = -0.0164
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | SHL |
Estimated Market Risk
| 8.19 actual daily | 72 72% of assets are less volatile |
Expected Return
| -0.13 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Spruce Ridge 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 Spruce Ridge by adding Spruce Ridge to a well-diversified portfolio.
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 | -0.0214 | ||||
| Return On Asset | -0.12 | ||||
| Current Valuation | (660.89 K) | ||||
| Shares Outstanding | 221.15 M | ||||
| Price To Earning | 0.85 X | ||||
| Price To Book | 0.54 X | ||||
| Price To Sales | 7,827 X | ||||
| Gross Profit | (168.91 K) | ||||
| EBITDA | (2.06 M) | ||||
| Net Income | 320.79 K | ||||
| Cash And Equivalents | 10.93 M | ||||
| Cash Per Share | 0.06 X | ||||
| Total Debt | 241.9 K | ||||
| Debt To Equity | 0 % | ||||
| Current Ratio | 30.43 X | ||||
| Book Value Per Share | 0.06 X | ||||
| Cash Flow From Operations | (257.34 K) | ||||
| Earnings Per Share | 0.02 X | ||||
| Market Capitalization | 6.63 M | ||||
| Total Asset | 14.43 M | ||||
| Retained Earnings | 1.31 M | ||||
| Working Capital | 7.32 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.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 42.90 | 38.14 | |
| Return On Tangible Assets | 0.02 | 0.02 | |
| Return On Capital Employed | (0.08) | (0.08) | |
| Return On Assets | 0.02 | 0.02 | |
| Return On Equity | 0.02 | 0.03 |
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 generated a negative expected return over the last 90 days | |
| Spruce Ridge has high historical volatility and very poor performance | |
| Spruce Ridge has some characteristics of a very speculative penny stock | |
| Spruce Ridge Resources has accumulated about 10.93 M in cash with (257.34 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.06, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Latest headline from news.google.com: AGF Management Limited Receives Average Rating of Moderate Buy from Brokerages - MarketBeat |
- 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.