MULTIVERSE MINING (Nigeria) Performance
| MULTIVERSE | 5.90 0.65 9.92% |
The company secures a Beta (Market Risk) of -0.4, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning MULTIVERSE MINING are expected to decrease at a much lower rate. During the bear market, MULTIVERSE MINING is likely to outperform the market. At this point, MULTIVERSE MINING AND has a negative expected return of -0.99%. Please make sure to verify MULTIVERSE MINING's variance, skewness, as well as the relationship between the Skewness and day typical price , to decide if MULTIVERSE MINING AND performance from the past will be repeated at future time.
Risk-Adjusted Performance
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Over the last 90 days MULTIVERSE MINING AND has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of inconsistent performance in the last few months, the Stock's basic indicators remain rather sound which may send shares a bit higher in January 2025. The latest tumult may also be a sign of longer-term up-swing for the firm shareholders. ...more
MULTIVERSE |
MULTIVERSE MINING Relative Risk vs. Return Landscape
If you would invest 1,120 in MULTIVERSE MINING AND on September 4, 2024 and sell it today you would lose (530.00) from holding MULTIVERSE MINING AND or give up 47.32% of portfolio value over 90 days. MULTIVERSE MINING AND is generating negative expected returns and assumes 2.8708% volatility on return distribution over the 90 days horizon. Simply put, 25% of stocks are less volatile than MULTIVERSE, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
MULTIVERSE MINING Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for MULTIVERSE MINING's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as MULTIVERSE MINING AND, and traders can use it to determine the average amount a MULTIVERSE MINING'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 = -0.3432
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| Negative Returns | MULTIVERSE |
Estimated Market Risk
| 2.87 actual daily | 25 75% of assets are more volatile |
Expected Return
| -0.99 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.34 actual daily | 0 Most of other assets perform better |
Based on monthly moving average MULTIVERSE MINING 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 MULTIVERSE MINING by adding MULTIVERSE MINING to a well-diversified portfolio.
Things to note about MULTIVERSE MINING AND performance evaluation
Checking the ongoing alerts about MULTIVERSE MINING for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for MULTIVERSE MINING AND help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| MULTIVERSE MINING generated a negative expected return over the last 90 days |
- Analyzing MULTIVERSE MINING'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 MULTIVERSE MINING's stock is overvalued or undervalued compared to its peers.
- Examining MULTIVERSE MINING'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 MULTIVERSE MINING's management team can have a significant impact on its success or failure. Reviewing the track record and experience of MULTIVERSE MINING's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of MULTIVERSE MINING's stock. These opinions can provide insight into MULTIVERSE MINING's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for MULTIVERSE Stock analysis
When running MULTIVERSE MINING's price analysis, check to measure MULTIVERSE MINING'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 MULTIVERSE MINING is operating at the current time. Most of MULTIVERSE MINING's value examination focuses on studying past and present price action to predict the probability of MULTIVERSE MINING's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MULTIVERSE MINING's price. Additionally, you may evaluate how the addition of MULTIVERSE MINING to your portfolios can decrease your overall portfolio volatility.
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