Noram Lithium Corp Stock Performance
| NRVTF Stock | USD 0.09 0.01 8.43% |
The company secures a Beta (Market Risk) of 1.06, which conveys a somewhat significant risk relative to the market. Noram Lithium returns are very sensitive to returns on the market. As the market goes up or down, Noram Lithium is expected to follow. At this point, Noram Lithium Corp has a negative expected return of -0.0414%. Please make sure to verify Noram Lithium's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Noram Lithium Corp 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 Noram Lithium Corp has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable basic indicators, Noram Lithium is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders. ...more
| Begin Period Cash Flow | 866.5 K | |
| Total Cashflows From Investing Activities | -1.5 M |
Noram |
Noram Lithium Relative Risk vs. Return Landscape
If you would invest 11.00 in Noram Lithium Corp on September 3, 2024 and sell it today you would lose (2.00) from holding Noram Lithium Corp or give up 18.18% of portfolio value over 90 days. Noram Lithium Corp is currently producing negative expected returns and takes up 7.4389% volatility of returns over 90 trading days. Put another way, 66% of traded otc stocks are less volatile than Noram, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Noram Lithium Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Noram Lithium's investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as Noram Lithium Corp, and traders can use it to determine the average amount a Noram Lithium'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 = -0.0056
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | NRVTF |
Estimated Market Risk
| 7.44 actual daily | 66 66% of assets are less volatile |
Expected Return
| -0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Noram Lithium 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 Noram Lithium by adding Noram Lithium to a well-diversified portfolio.
Noram Lithium Fundamentals Growth
Noram OTC Stock prices reflect investors' perceptions of the future prospects and financial health of Noram Lithium, and Noram Lithium 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 Noram OTC Stock performance.
| Return On Equity | 0.0605 | |||
| Return On Asset | -0.23 | |||
| Current Valuation | 33.02 M | |||
| Shares Outstanding | 88.84 M | |||
| Price To Earning | (2.94) X | |||
| Price To Book | 3.08 X | |||
| EBITDA | (5.26 M) | |||
| Cash And Equivalents | 15.37 M | |||
| Cash Per Share | 0.17 X | |||
| Total Debt | 136.51 K | |||
| Debt To Equity | 0.01 % | |||
| Book Value Per Share | 0.23 X | |||
| Cash Flow From Operations | (1.64 M) | |||
| Earnings Per Share | 0.01 X | |||
| Total Asset | 5.94 M | |||
About Noram Lithium Performance
By analyzing Noram Lithium's fundamental ratios, stakeholders can gain valuable insights into Noram Lithium's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Noram Lithium 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 Noram Lithium has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Noram Lithium Corp. engages in the acquisition, exploration, and development of mineral properties in the United States. Noram Lithium Corp. was incorporated in 2010 and is headquartered in Vancouver, Canada. NORAM VENTURES is traded on OTC Exchange in the United States.Things to note about Noram Lithium Corp performance evaluation
Checking the ongoing alerts about Noram Lithium for important developments is a great way to find new opportunities for your next move. OTC Stock alerts and notifications screener for Noram Lithium Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Noram Lithium Corp generated a negative expected return over the last 90 days | |
| Noram Lithium Corp has high historical volatility and very poor performance | |
| Noram Lithium Corp has some characteristics of a very speculative penny stock | |
| Noram Lithium Corp has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (5.32 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Noram Lithium Corp has accumulated about 15.37 M in cash with (1.64 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.17, which can makes it an attractive takeover target, given it will continue generating positive cash flow. |
- Analyzing Noram Lithium'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 Noram Lithium's stock is overvalued or undervalued compared to its peers.
- Examining Noram Lithium'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 Noram Lithium's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Noram Lithium's management team can help you assess the OTC Stock's leadership.
- Pay attention to analyst opinions and ratings of Noram Lithium's otc stock. These opinions can provide insight into Noram Lithium's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Noram OTC Stock analysis
When running Noram Lithium's price analysis, check to measure Noram Lithium'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 Noram Lithium is operating at the current time. Most of Noram Lithium's value examination focuses on studying past and present price action to predict the probability of Noram Lithium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Noram Lithium's price. Additionally, you may evaluate how the addition of Noram Lithium to your portfolios can decrease your overall portfolio volatility.
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios |