Ngex Minerals Stock Performance
| NGEX Stock | 13.09 0.74 5.99% |
On a scale of 0 to 100, NGEx Minerals holds a performance score of 14. The company secures a Beta (Market Risk) of -0.046, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NGEx Minerals are expected to decrease at a much lower rate. During the bear market, NGEx Minerals is likely to outperform the market. Please check NGEx Minerals' information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether NGEx Minerals' current price movements will revert.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in NGEx Minerals are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. In spite of very weak basic indicators, NGEx Minerals displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | NGEx Minerals Announces C100 Million Private Placement - Financial Times | 10/15/2024 |
2 | NGEx Minerals Reports Q3 Results and Financing Success - TipRanks | 11/12/2024 |
| Begin Period Cash Flow | 23.2 M |
NGEx |
NGEx Minerals Relative Risk vs. Return Landscape
If you would invest 1,006 in NGEx Minerals on September 19, 2024 and sell it today you would earn a total of 303.00 from holding NGEx Minerals or generate 30.12% return on investment over 90 days. NGEx Minerals is generating 0.4391% of daily returns and assumes 2.3473% volatility on return distribution over the 90 days horizon. Simply put, 20% of stocks are less volatile than NGEx, and 92% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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NGEx Minerals Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NGEx Minerals' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as NGEx Minerals, and traders can use it to determine the average amount a NGEx Minerals' 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 = 0.1871
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Estimated Market Risk
| 2.35 actual daily | 20 80% of assets are more volatile |
Expected Return
| 0.44 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 14 86% of assets perform better |
Based on monthly moving average NGEx Minerals is performing at about 14% 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 NGEx Minerals by adding it to a well-diversified portfolio.
NGEx Minerals Fundamentals Growth
NGEx Stock prices reflect investors' perceptions of the future prospects and financial health of NGEx Minerals, and NGEx Minerals 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 NGEx Stock performance.
| Return On Equity | -1.51 | ||||
| Return On Asset | -0.96 | ||||
| Current Valuation | 2.57 B | ||||
| Shares Outstanding | 206.91 M | ||||
| Price To Book | 54.35 X | ||||
| EBITDA | (47.2 M) | ||||
| Net Income | (37.72 M) | ||||
| Total Debt | 7.82 M | ||||
| Book Value Per Share | 0.39 X | ||||
| Cash Flow From Operations | (27.09 M) | ||||
| Earnings Per Share | (0.24) X | ||||
| Market Capitalization | 2.61 B | ||||
| Total Asset | 81.29 M | ||||
| Retained Earnings | (113.38 M) | ||||
| Working Capital | 69.68 M | ||||
About NGEx Minerals Performance
By examining NGEx Minerals' fundamental ratios, stakeholders can obtain critical insights into NGEx Minerals' financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that NGEx Minerals is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.47) | (0.49) | |
| Return On Capital Employed | (0.66) | (0.69) | |
| Return On Assets | (0.46) | (0.49) | |
| Return On Equity | (0.51) | (0.54) |
Things to note about NGEx Minerals performance evaluation
Checking the ongoing alerts about NGEx Minerals for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for NGEx Minerals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Net Loss for the year was (37.72 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| NGEx Minerals generates negative cash flow from operations | |
| About 38.0% of the company outstanding shares are owned by corporate insiders |
- Analyzing NGEx Minerals' 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 NGEx Minerals' stock is overvalued or undervalued compared to its peers.
- Examining NGEx Minerals' 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 NGEx Minerals' management team can have a significant impact on its success or failure. Reviewing the track record and experience of NGEx Minerals' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of NGEx Minerals' stock. These opinions can provide insight into NGEx Minerals' potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in NGEx Stock
NGEx Minerals financial ratios help investors to determine whether NGEx Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in NGEx with respect to the benefits of owning NGEx Minerals security.