Zincx Resources Corp Stock Performance
| ZNCXF Stock | USD 0.05 0.01 16.67% |
The firm maintains a market beta of 0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, ZincX Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding ZincX Resources is expected to be smaller as well. At this point, ZincX Resources Corp has a negative expected return of -0.22%. Please make sure to check out ZincX Resources' total risk alpha and day median price , to decide if ZincX Resources Corp performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days ZincX Resources Corp has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Stock's basic indicators remain nearly stable which may send shares a bit higher in December 2024. The current disturbance may also be a sign of long-run up-swing for the company stockholders. ...more
| Begin Period Cash Flow | 3.1 M | |
| Total Cashflows From Investing Activities | -1.4 M |
ZincX |
ZincX Resources Relative Risk vs. Return Landscape
If you would invest 6.00 in ZincX Resources Corp on August 28, 2024 and sell it today you would lose (1.00) from holding ZincX Resources Corp or give up 16.67% of portfolio value over 90 days. ZincX Resources Corp is currently producing negative expected returns and takes up 3.6233% volatility of returns over 90 trading days. Put another way, 32% of traded pink sheets are less volatile than ZincX, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
ZincX Resources Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZincX Resources' investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as ZincX Resources Corp, and traders can use it to determine the average amount a ZincX 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 = -0.0613
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| Negative Returns | ZNCXF |
Estimated Market Risk
| 3.62 actual daily | 32 68% of assets are more volatile |
Expected Return
| -0.22 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average ZincX Resources 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 ZincX Resources by adding ZincX Resources to a well-diversified portfolio.
ZincX Resources Fundamentals Growth
ZincX Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of ZincX Resources, and ZincX 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 ZincX Pink Sheet performance.
| Return On Equity | -0.0098 | |||
| Return On Asset | -0.0059 | |||
| Current Valuation | 9.37 M | |||
| Shares Outstanding | 177.9 M | |||
| Price To Book | 0.18 X | |||
| EBITDA | (822.34 K) | |||
| Cash And Equivalents | 1.07 M | |||
| Cash Per Share | 0.01 X | |||
| Total Debt | 38.06 K | |||
| Book Value Per Share | 0.42 X | |||
| Cash Flow From Operations | (823.29 K) | |||
| Earnings Per Share | (0) X | |||
| Total Asset | 78.82 M | |||
About ZincX Resources Performance
By analyzing ZincX Resources' fundamental ratios, stakeholders can gain valuable insights into ZincX Resources' financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if ZincX 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 ZincX Resources has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
ZincX Resources Corp. engages in the exploration and evaluation of mineral resource properties in Canada. ZincX Resources Corp. was incorporated in 1988 and is headquartered in Vancouver, Canada. Zincx Res operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange.Things to note about ZincX Resources Corp performance evaluation
Checking the ongoing alerts about ZincX Resources for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for ZincX Resources Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| ZincX Resources Corp generated a negative expected return over the last 90 days | |
| ZincX Resources Corp has some characteristics of a very speculative penny stock | |
| ZincX Resources Corp has high historical volatility and very poor performance | |
| ZincX Resources Corp has high likelihood to experience some financial distress in the next 2 years | |
| ZincX Resources Corp has accumulated 38.06 K in total debt. ZincX Resources Corp has a current ratio of 0.76, 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 ZincX Resources until it has trouble settling it off, either with new capital or with free cash flow. So, ZincX Resources' 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 ZincX Resources Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for ZincX to invest in growth at high rates of return. When we think about ZincX Resources' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (843.99 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| ZincX Resources Corp has accumulated about 1.07 M in cash with (823.29 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 28.0% of the company outstanding shares are owned by insiders |
- Analyzing ZincX 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 ZincX Resources' stock is overvalued or undervalued compared to its peers.
- Examining ZincX 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 ZincX Resources' management team can have a significant impact on its success or failure. Reviewing the track record and experience of ZincX Resources' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of ZincX Resources' pink sheet. These opinions can provide insight into ZincX Resources' potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for ZincX Pink Sheet analysis
When running ZincX Resources' price analysis, check to measure ZincX 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 ZincX Resources is operating at the current time. Most of ZincX Resources' value examination focuses on studying past and present price action to predict the probability of ZincX Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ZincX Resources' price. Additionally, you may evaluate how the addition of ZincX Resources to your portfolios can decrease your overall portfolio volatility.
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