Sixty North Gold Stock Performance
| SXNTF Stock | USD 0.07 0.01 6.73% |
Sixty North holds a performance score of 8 on a scale of zero to a hundred. The entity has a beta of -0.53, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Sixty North are expected to decrease at a much lower rate. During the bear market, Sixty North is likely to outperform the market. Use Sixty North Gold treynor ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to analyze future returns on Sixty North Gold.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Sixty North Gold are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile basic indicators, Sixty North reported solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 291.7 K | |
| Total Cashflows From Investing Activities | -1.5 M |
Sixty |
Sixty North Relative Risk vs. Return Landscape
If you would invest 12.00 in Sixty North Gold on August 28, 2024 and sell it today you would lose (4.93) from holding Sixty North Gold or give up 41.08% of portfolio value over 90 days. Sixty North Gold is currently producing 3.5205% returns and takes up 31.9652% volatility of returns over 90 trading days. Put another way, most equities are less risky on the basis of their return distribution than Sixty, and majority of traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Sixty North Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sixty North's investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as Sixty North Gold, and traders can use it to determine the average amount a Sixty North'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 = 0.1101
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| Good Returns | SXNTF | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 31.97 actual daily | 96 96% of assets are less volatile |
Expected Return
| 3.52 actual daily | 70 70% of assets have lower returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Sixty North 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 Sixty North by adding it to a well-diversified portfolio.
Sixty North Fundamentals Growth
Sixty Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of Sixty North, and Sixty North 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 Sixty Pink Sheet performance.
| Return On Equity | -0.0923 | |||
| Return On Asset | -0.0371 | |||
| Current Valuation | 1.19 M | |||
| Shares Outstanding | 19.43 M | |||
| Price To Book | 0.23 X | |||
| EBITDA | (708.03 K) | |||
| Cash And Equivalents | 27.36 K | |||
| Book Value Per Share | 0.42 X | |||
| Cash Flow From Operations | (520.88 K) | |||
| Earnings Per Share | (0) X | |||
| Total Asset | 6.34 M | |||
About Sixty North Performance
By analyzing Sixty North's fundamental ratios, stakeholders can gain valuable insights into Sixty North's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Sixty North 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 Sixty North has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Sixty North Gold Mining Ltd. engages in the acquisition, exploration, and development of natural resource properties in Canada. The company was incorporated in 2016 and is headquartered in Vancouver, Canada. SIXTY NORTH operates under Gold classification in the United States and is traded on PNK Exchange.Things to note about Sixty North Gold performance evaluation
Checking the ongoing alerts about Sixty North for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for Sixty North Gold help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Sixty North Gold is way too risky over 90 days horizon | |
| Sixty North Gold has some characteristics of a very speculative penny stock | |
| Sixty North Gold appears to be risky and price may revert if volatility continues | |
| Sixty North Gold has high likelihood to experience some financial distress in the next 2 years | |
| The company has a current ratio of 0.14, 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 Sixty North until it has trouble settling it off, either with new capital or with free cash flow. So, Sixty North'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 Sixty North Gold sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Sixty to invest in growth at high rates of return. When we think about Sixty North's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (712.56 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Sixty North Gold has accumulated about 27.36 K in cash with (520.88 K) of positive cash flow from operations. | |
| Roughly 39.0% of the company outstanding shares are owned by corporate insiders |
- Analyzing Sixty North'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 Sixty North's stock is overvalued or undervalued compared to its peers.
- Examining Sixty North'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 Sixty North's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Sixty North's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Sixty North's pink sheet. These opinions can provide insight into Sixty North's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Sixty Pink Sheet analysis
When running Sixty North's price analysis, check to measure Sixty North'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 Sixty North is operating at the current time. Most of Sixty North's value examination focuses on studying past and present price action to predict the probability of Sixty North's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sixty North's price. Additionally, you may evaluate how the addition of Sixty North to your portfolios can decrease your overall portfolio volatility.
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