Independence Gold Corp Stock Performance
| IEGCF Stock | USD 0.14 0.01 7.69% |
On a scale of 0 to 100, Independence Gold holds a performance score of 3. The company retains a Market Volatility (i.e., Beta) of 0.55, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Independence Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Independence Gold is expected to be smaller as well. Please check Independence Gold's coefficient of variation, maximum drawdown, skewness, as well as the relationship between the total risk alpha and downside variance , to make a quick decision on whether Independence Gold's current trending patterns will revert.
Risk-Adjusted Performance
Insignificant
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in Independence Gold Corp are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile fundamental indicators, Independence Gold reported solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 2.8 M | |
| Total Cashflows From Investing Activities | 38 K |
Independence |
Independence Gold Relative Risk vs. Return Landscape
If you would invest 13.00 in Independence Gold Corp on December 25, 2024 and sell it today you would earn a total of 1.00 from holding Independence Gold Corp or generate 7.69% return on investment over 90 days. Independence Gold Corp is currently producing 0.268% returns and takes up 5.4754% volatility of returns over 90 trading days. Put another way, 48% of traded otc stocks are less volatile than Independence, and 95% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Independence Gold Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Independence Gold's investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as Independence Gold Corp, and traders can use it to determine the average amount a Independence 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 = 0.0489
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 5.48 actual daily | 48 52% of assets are more volatile |
Expected Return
| 0.27 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 3 97% of assets perform better |
Based on monthly moving average Independence Gold is performing at about 3% 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 Independence Gold by adding it to a well-diversified portfolio.
Independence Gold Fundamentals Growth
Independence OTC Stock prices reflect investors' perceptions of the future prospects and financial health of Independence Gold, and Independence 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 Independence OTC Stock performance.
| Return On Equity | -1.14 | |||
| Return On Asset | -0.64 | |||
| Current Valuation | 6.42 M | |||
| Shares Outstanding | 130.45 M | |||
| Price To Earning | (2.63) X | |||
| Price To Book | 2.11 X | |||
| EBITDA | (8.81 M) | |||
| Cash And Equivalents | 323.93 K | |||
| Total Debt | 556.74 K | |||
| Debt To Equity | 0.12 % | |||
| Book Value Per Share | 0.04 X | |||
| Cash Flow From Operations | (2.57 M) | |||
| Earnings Per Share | (0.08) X | |||
| Total Asset | 7.01 M | |||
About Independence Gold Performance
By analyzing Independence Gold's fundamental ratios, stakeholders can gain valuable insights into Independence Gold's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Independence 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 Independence Gold has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Independence Gold Corp. engages in the acquisition, exploration, and evaluation of precious metal properties in North America. The company was incorporated in 2011 and is headquartered in Vancouver, Canada. Independence Gold operates under Gold classification in the United States and is traded on OTC Exchange.Things to note about Independence Gold Corp performance evaluation
Checking the ongoing alerts about Independence Gold for important developments is a great way to find new opportunities for your next move. OTC Stock alerts and notifications screener for Independence Gold Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Independence Gold had very high historical volatility over the last 90 days | |
| Independence Gold has some characteristics of a very speculative penny stock | |
| Net Loss for the year was (8.95 M) with loss before overhead, payroll, taxes, and interest of (1.28 K). | |
| Independence Gold Corp has accumulated about 323.93 K in cash with (2.57 M) of positive cash flow from operations. | |
| Roughly 24.0% of the company shares are held by company insiders |
- Analyzing Independence 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 Independence Gold's stock is overvalued or undervalued compared to its peers.
- Examining Independence 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 Independence Gold's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Independence Gold's management team can help you assess the OTC Stock's leadership.
- Pay attention to analyst opinions and ratings of Independence Gold's otc stock. These opinions can provide insight into Independence Gold's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Independence OTC Stock analysis
When running Independence Gold's price analysis, check to measure Independence 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 Independence Gold is operating at the current time. Most of Independence Gold's value examination focuses on studying past and present price action to predict the probability of Independence 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 Independence Gold's price. Additionally, you may evaluate how the addition of Independence Gold to your portfolios can decrease your overall portfolio volatility.
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