Canagold Resources Stock Performance
| CCM Stock | CAD 0.30 0.02 7.14% |
The firm shows a Beta (market volatility) of 0.26, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Canagold Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Canagold Resources is expected to be smaller as well. At this point, Canagold Resources has a negative expected return of -0.15%. Please make sure to confirm Canagold Resources' downside variance, daily balance of power, and the relationship between the maximum drawdown and skewness , to decide if Canagold Resources 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 Canagold Resources has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest unfluctuating performance, the Stock's primary indicators remain healthy and the recent disarray on Wall Street may also be a sign of long period gains for the firm investors. ...more
Last Split Factor 1:5 | Dividend Date 2008-07-02 | Last Split Date 2020-12-08 |
1 | Canagold Resources Sets New 52-Week High at 0.34 - MarketBeat | 09/16/2024 |
2 | NovaGold Resources Stock Price Up 1.4 percent Heres What Happened - Defense World | 12/10/2024 |
| Begin Period Cash Flow | 3.8 M |
Canagold |
Canagold Resources Relative Risk vs. Return Landscape
If you would invest 34.00 in Canagold Resources on September 12, 2024 and sell it today you would lose (4.00) from holding Canagold Resources or give up 11.76% of portfolio value over 90 days. Canagold Resources is producing return of less than zero assuming 3.238% volatility of returns over the 90 days investment horizon. Simply put, 28% of all stocks have less volatile historical return distribution than Canagold Resources, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Canagold Resources Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canagold Resources' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Canagold Resources, and traders can use it to determine the average amount a Canagold 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 = -0.0455
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| Negative Returns | CCM |
Estimated Market Risk
| 3.24 actual daily | 28 72% of assets are more volatile |
Expected Return
| -0.15 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Canagold 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 Canagold Resources by adding Canagold Resources to a well-diversified portfolio.
Canagold Resources Fundamentals Growth
Canagold Stock prices reflect investors' perceptions of the future prospects and financial health of Canagold Resources, and Canagold 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 Canagold Stock performance.
| Return On Equity | -0.0968 | ||||
| Return On Asset | -0.0651 | ||||
| Current Valuation | 46.4 M | ||||
| Shares Outstanding | 174.5 M | ||||
| Price To Earning | (40.00) X | ||||
| Price To Book | 1.08 X | ||||
| EBITDA | (1.53 M) | ||||
| Net Income | (3.05 M) | ||||
| Cash And Equivalents | 2.66 M | ||||
| Cash Per Share | 0.01 X | ||||
| Total Debt | 215 K | ||||
| Debt To Equity | 0.50 % | ||||
| Current Ratio | 13.17 X | ||||
| Book Value Per Share | 0.20 X | ||||
| Cash Flow From Operations | (1.73 M) | ||||
| Earnings Per Share | (0.03) X | ||||
| Market Capitalization | 51.48 M | ||||
| Total Asset | 33.23 M | ||||
| Retained Earnings | (55.52 M) | ||||
| Working Capital | 4.55 M | ||||
About Canagold Resources Performance
By examining Canagold Resources' fundamental ratios, stakeholders can obtain critical insights into Canagold Resources' 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 Canagold Resources 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 | ||
| Days Of Inventory On Hand | (6.19) | (6.50) | |
| Return On Tangible Assets | (0.09) | (0.10) | |
| Return On Capital Employed | (0.05) | (0.05) | |
| Return On Assets | (0.09) | (0.10) | |
| Return On Equity | (0.10) | (0.10) |
Things to note about Canagold Resources performance evaluation
Checking the ongoing alerts about Canagold Resources for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Canagold Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Canagold Resources generated a negative expected return over the last 90 days | |
| Canagold Resources has some characteristics of a very speculative penny stock | |
| Canagold Resources has high historical volatility and very poor performance | |
| Canagold Resources has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (3.05 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Canagold Resources has accumulated about 2.66 M in cash with (1.73 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Latest headline from news.google.com: NovaGold Resources Stock Price Up 1.4 percent Heres What Happened - Defense World |
- Analyzing Canagold 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 Canagold Resources' stock is overvalued or undervalued compared to its peers.
- Examining Canagold 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 Canagold Resources' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Canagold Resources' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Canagold Resources' stock. These opinions can provide insight into Canagold Resources' potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Canagold Stock
Canagold Resources financial ratios help investors to determine whether Canagold 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 Canagold with respect to the benefits of owning Canagold Resources security.