Asa Gold And Stock Performance
| ASA Stock | USD 20.39 0.09 0.44% |
ASA Gold has a performance score of 6 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ASA Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding ASA Gold is expected to be smaller as well. ASA Gold at this time owns a risk of 1.63%. Please confirm ASA Gold and sortino ratio, semi variance, and the relationship between the standard deviation and value at risk , to decide if ASA Gold and will be following its current price history.
Risk-Adjusted Performance
6 of 100
Weak | Strong |
Modest
Compared to the overall equity markets, risk-adjusted returns on investments in ASA Gold and are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. Despite somewhat uncertain basic indicators, ASA Gold may actually be approaching a critical reversion point that can send shares even higher in January 2025. ...more
Actual Historical Performance (%)
One Day Return 0.44 | Five Day Return 1.39 | Year To Date Return 34.68 | Ten Year Return 84.86 | All Time Return 345.2 |
Forward Dividend Yield 0.002 | Payout Ratio 0.0092 | Last Split Factor 3:1 | Forward Dividend Rate 0.04 | Dividend Date 2018-11-28 |
1 | Aker ASA Ex-dividend NOK 35.50 today | 11/08/2024 |
2 | Photocure ASA Results for the third quarter of 2024 | 11/13/2024 |
3 | Hexagon Purus ASA Cancellation of subsequent offering | 11/18/2024 |
| ASA Gold dividend paid on 20th of November 2024 | 11/20/2024 |
5 | Hexagon Purus ASA Invitation to the presentation of third quarter 2024 results | 11/21/2024 |
6 | Hexagon Purus ASA Disclosure of large shareholding | 11/22/2024 |
7 | Havila Shipping ASA Kontraksforlengelser med Equinor Energy AS | 11/25/2024 |
8 | Scatec ASA Mandatory notification of trade by primary insider | 11/26/2024 |
9 | Hexagon Purus ASA Share capital increase registered | 11/27/2024 |
ASA |
ASA Gold Relative Risk vs. Return Landscape
If you would invest 1,884 in ASA Gold and on September 3, 2024 and sell it today you would earn a total of 155.00 from holding ASA Gold and or generate 8.23% return on investment over 90 days. ASA Gold and is generating 0.1366% of daily returns assuming volatility of 1.6278% on return distribution over 90 days investment horizon. In other words, 14% of stocks are less volatile than ASA, and above 98% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
ASA Gold Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ASA Gold's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as ASA Gold and, and traders can use it to determine the average amount a ASA Gold'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 = 0.0839
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| Cash | Small Risk | ASA | High Risk | Huge Risk |
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Estimated Market Risk
| 1.63 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average ASA Gold is performing at about 6% 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 ASA Gold by adding it to a well-diversified portfolio.
ASA Gold Fundamentals Growth
ASA Stock prices reflect investors' perceptions of the future prospects and financial health of ASA Gold, and ASA Gold 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 ASA Stock performance.
| Return On Equity | 0.23 | |||
| Return On Asset | -0.0069 | |||
| Profit Margin | 43.74 % | |||
| Operating Margin | (1.91) % | |||
| Current Valuation | 380.65 M | |||
| Shares Outstanding | 19.1 M | |||
| Price To Earning | 1.70 X | |||
| Price To Book | 0.95 X | |||
| Price To Sales | 195.39 X | |||
| Revenue | 2.39 M | |||
| Gross Profit | 2.55 M | |||
| EBITDA | 9.54 M | |||
| Net Income | 9.73 M | |||
| Cash And Equivalents | 1.19 M | |||
| Cash Per Share | 0.06 X | |||
| Total Debt | 706.53 K | |||
| Debt To Equity | 0 % | |||
| Current Ratio | 2.78 X | |||
| Book Value Per Share | 22.10 X | |||
| Cash Flow From Operations | 18.35 M | |||
| Earnings Per Share | 3.25 X | |||
| Market Capitalization | 381.5 M | |||
| Total Asset | 335.62 M | |||
| Retained Earnings | 314.25 M | |||
About ASA Gold Performance
By analyzing ASA Gold's fundamental ratios, stakeholders can gain valuable insights into ASA Gold's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if ASA Gold 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 ASA Gold has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.03 | 0.04 | |
| Return On Assets | 0.03 | 0.04 | |
| Return On Equity | 0.03 | 0.04 |
Things to note about ASA Gold performance evaluation
Checking the ongoing alerts about ASA Gold for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for ASA Gold help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| ASA Gold has high likelihood to experience some financial distress in the next 2 years | |
| About 60.0% of the company shares are held by institutions such as insurance companies | |
| On 20th of November 2024 ASA Gold paid $ 0.02 per share dividend to its current shareholders | |
| Latest headline from globenewswire.com: Hexagon Purus ASA Share capital increase registered |
- Analyzing ASA Gold'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 ASA Gold's stock is overvalued or undervalued compared to its peers.
- Examining ASA Gold'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 ASA Gold's management team can have a significant impact on its success or failure. Reviewing the track record and experience of ASA Gold's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of ASA Gold's stock. These opinions can provide insight into ASA Gold's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for ASA Stock analysis
When running ASA Gold's price analysis, check to measure ASA Gold'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 ASA Gold is operating at the current time. Most of ASA Gold's value examination focuses on studying past and present price action to predict the probability of ASA Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ASA Gold's price. Additionally, you may evaluate how the addition of ASA Gold to your portfolios can decrease your overall portfolio volatility.
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