Zincx Resources Corp Stock Performance
| ZNX Stock | CAD 0.08 0.01 11.11% |
The firm maintains a market beta of -0.48, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ZincX Resources are expected to decrease at a much lower rate. During the bear market, ZincX Resources is likely to outperform the market. At this point, ZincX Resources Corp has a negative expected return of -0.12%. Please make sure to check out ZincX Resources' treynor ratio, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , 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. In spite of latest abnormal 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 1:2 | Last Split Date 2005-08-09 |
1 | Resources Top 5 Zinc explorer back to life with drilling at historic Spanish mine - Stockhead | 11/13/2024 |
| Begin Period Cash Flow | 804.8 K |
ZincX |
ZincX Resources Relative Risk vs. Return Landscape
If you would invest 9.00 in ZincX Resources Corp on September 1, 2024 and sell it today you would lose (1.00) from holding ZincX Resources Corp or give up 11.11% of portfolio value over 90 days. ZincX Resources Corp is currently producing negative expected returns and takes up 3.7009% volatility of returns over 90 trading days. Put another way, 32% of traded stocks 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 |
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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 stocks, 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 = -0.0322
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| Negative Returns | ZNX |
Estimated Market Risk
| 3.7 actual daily | 32 68% of assets are more volatile |
Expected Return
| -0.12 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 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 Stock 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 Stock performance.
| Return On Equity | -0.0366 | ||||
| Return On Asset | -0.0237 | ||||
| Current Valuation | 13.97 M | ||||
| Shares Outstanding | 187.9 M | ||||
| Price To Book | 0.63 X | ||||
| EBITDA | (948.81 K) | ||||
| Net Income | (564.66 K) | ||||
| Cash And Equivalents | 3.72 M | ||||
| Cash Per Share | 0.02 X | ||||
| Total Debt | 1.49 M | ||||
| Book Value Per Share | 0.13 X | ||||
| Cash Flow From Operations | (546.78 K) | ||||
| Total Asset | 26.1 M | ||||
| Retained Earnings | (94.85 M) | ||||
About ZincX Resources Performance
Evaluating ZincX Resources' performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. 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. Please also refer to our technical analysis and fundamental analysis pages.
ZincX Resources Corp. explores for and evaluates mineral resource properties in Canada. ZincX Resources Corp. was incorporated in 1988 and is headquartered in Vancouver, Canada. ZINCX RESOURCES operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture 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. Stock 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 | |
| Net Loss for the year was (564.66 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| ZincX Resources Corp has accumulated about 3.72 M in cash with (546.78 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02. | |
| Roughly 27.0% of the company outstanding shares are owned by insiders | |
| Latest headline from news.google.com: Resources Top 5 Zinc explorer back to life with drilling at historic Spanish mine - Stockhead |
- 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' stock. These opinions can provide insight into ZincX Resources' potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for ZincX Stock 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.