Mkango Resources Stock Performance
| MKA Stock | CAD 0.17 0.01 5.56% |
Mkango Resources holds a performance score of 7 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -0.75, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Mkango Resources are expected to decrease at a much lower rate. During the bear market, Mkango Resources is likely to outperform the market. Use Mkango Resources coefficient of variation, potential upside, day median price, as well as the relationship between the sortino ratio and skewness , to analyze future returns on Mkango Resources.
Risk-Adjusted Performance
7 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Mkango Resources are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. In spite of fairly abnormal basic indicators, Mkango Resources showed solid returns over the last few months and may actually be approaching a breakup point. ...more
Last Split Factor 1:3 | Last Split Date 2016-06-15 |
1 | Mkango Resources Operating Cash Flow per Share -0.01 - GuruFocus.com | 11/21/2024 |
2 | Mkangos HyProMag Advances Rare Earth Recycling at Brussels Meeting - MSN | 12/13/2024 |
| Begin Period Cash Flow | 493.7 K |
Mkango |
Mkango Resources Relative Risk vs. Return Landscape
If you would invest 12.00 in Mkango Resources on September 30, 2024 and sell it today you would earn a total of 5.00 from holding Mkango Resources or generate 41.67% return on investment over 90 days. Mkango Resources is currently producing 1.1124% returns and takes up 11.3941% volatility of returns over 90 trading days. Put another way, most equities are less risky on the basis of their return distribution than Mkango, and majority of traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Mkango Resources Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mkango Resources' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Mkango Resources, and traders can use it to determine the average amount a Mkango 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 = 0.0976
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 11.39 actual daily | 96 96% of assets are less volatile |
Expected Return
| 1.11 actual daily | 22 78% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average Mkango Resources is performing at about 7% 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 Mkango Resources by adding it to a well-diversified portfolio.
Mkango Resources Fundamentals Growth
Mkango Stock prices reflect investors' perceptions of the future prospects and financial health of Mkango Resources, and Mkango 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 Mkango Stock performance.
| Return On Equity | -1.15 | ||||
| Return On Asset | -0.35 | ||||
| Current Valuation | 46.23 M | ||||
| Shares Outstanding | 295.04 M | ||||
| Price To Earning | (2.94) X | ||||
| Price To Book | 11.40 X | ||||
| EBITDA | (3.51 M) | ||||
| Net Income | (4.18 M) | ||||
| Cash And Equivalents | 11.06 M | ||||
| Cash Per Share | 0.10 X | ||||
| Total Debt | 4.73 M | ||||
| Debt To Equity | 0.50 % | ||||
| Current Ratio | 8.62 X | ||||
| Book Value Per Share | 0.01 X | ||||
| Cash Flow From Operations | (3.56 M) | ||||
| Earnings Per Share | (0.01) X | ||||
| Market Capitalization | 50.16 M | ||||
| Total Asset | 9.29 M | ||||
| Retained Earnings | (46.59 M) | ||||
| Working Capital | (588.56 K) | ||||
About Mkango Resources Performance
Evaluating Mkango Resources' performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Mkango Resources 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 Mkango Resources has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | (2.25) | (2.36) | |
| Return On Tangible Assets | (1.41) | (1.48) | |
| Return On Capital Employed | (0.62) | (0.59) | |
| Return On Assets | (0.44) | (0.46) | |
| Return On Equity | (1.59) | (1.51) |
Things to note about Mkango Resources performance evaluation
Checking the ongoing alerts about Mkango Resources for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Mkango Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Mkango Resources is way too risky over 90 days horizon | |
| Mkango Resources has some characteristics of a very speculative penny stock | |
| Mkango Resources appears to be risky and price may revert if volatility continues | |
| Mkango Resources has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (4.18 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Mkango Resources has accumulated about 11.06 M in cash with (3.56 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.1. | |
| Roughly 37.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Mkangos HyProMag Advances Rare Earth Recycling at Brussels Meeting - MSN |
- Analyzing Mkango 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 Mkango Resources' stock is overvalued or undervalued compared to its peers.
- Examining Mkango 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 Mkango Resources' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Mkango Resources' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Mkango Resources' stock. These opinions can provide insight into Mkango Resources' potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Mkango Stock Analysis
When running Mkango Resources' price analysis, check to measure Mkango Resources' 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 Mkango Resources is operating at the current time. Most of Mkango Resources' value examination focuses on studying past and present price action to predict the probability of Mkango Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mkango Resources' price. Additionally, you may evaluate how the addition of Mkango Resources to your portfolios can decrease your overall portfolio volatility.