Miranda Gold Corp Performance
The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and Miranda Gold are completely uncorrelated.
Risk-Adjusted Performance
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Very Weak
Over the last 90 days Miranda Gold Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound basic indicators, Miranda Gold is not utilizing all of its potentials. The latest stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
Miranda |
Miranda Gold Relative Risk vs. Return Landscape
If you would invest (100.00) in Miranda Gold Corp on September 24, 2024 and sell it today you would earn a total of 100.00 from holding Miranda Gold Corp or generate -100.0% return on investment over 90 days. Miranda Gold Corp is generating negative expected returns assuming volatility of 0.0% on return distribution over 90 days investment horizon. In other words, 0% of stocks are less volatile than Miranda, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Miranda Gold Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Miranda Gold's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Miranda Gold Corp, and traders can use it to determine the average amount a Miranda 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 = 0.0
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Based on monthly moving average Miranda Gold 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 Miranda Gold by adding Miranda Gold to a well-diversified portfolio.
Miranda Gold Fundamentals Growth
Miranda Stock prices reflect investors' perceptions of the future prospects and financial health of Miranda Gold, and Miranda 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 Miranda Stock performance.
| Earnings Per Share | (0.20) X |
Things to note about Miranda Gold Corp performance evaluation
Checking the ongoing alerts about Miranda Gold for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Miranda Gold Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Miranda Gold Corp is not yet fully synchronised with the market data | |
| Miranda Gold Corp has some characteristics of a very speculative penny stock |
- Analyzing Miranda 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 Miranda Gold's stock is overvalued or undervalued compared to its peers.
- Examining Miranda 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 Miranda Gold's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Miranda Gold's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Miranda Gold's stock. These opinions can provide insight into Miranda Gold's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Other Consideration for investing in Miranda Stock
If you are still planning to invest in Miranda Gold Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Miranda Gold's history and understand the potential risks before investing.
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