Nobel29 Resources Corp Stock Performance
| NBLC Stock | CAD 0.04 0.00 0.00% |
On a scale of 0 to 100, Nobel29 Resources holds a performance score of 2. The company secures a Beta (Market Risk) of -3.29, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Nobel29 Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Nobel29 Resources is expected to outperform it. Please check Nobel29 Resources' coefficient of variation, jensen alpha, and the relationship between the downside deviation and information ratio , to make a quick decision on whether Nobel29 Resources' current price movements will revert.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Nobel29 Resources Corp are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of fairly abnormal essential indicators, Nobel29 Resources showed solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 841.1 K | |
| Free Cash Flow | -426 K |
Nobel29 |
Nobel29 Resources Relative Risk vs. Return Landscape
If you would invest 5.00 in Nobel29 Resources Corp on October 7, 2024 and sell it today you would lose (0.50) from holding Nobel29 Resources Corp or give up 10.0% of portfolio value over 90 days. Nobel29 Resources Corp is generating 0.2484% of daily returns assuming 9.5316% volatility of returns over the 90 days investment horizon. Simply put, 84% of all stocks have less volatile historical return distribution than Nobel29 Resources, and 96% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Nobel29 Resources Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nobel29 Resources' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Nobel29 Resources Corp, and traders can use it to determine the average amount a Nobel29 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 = 0.0261
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Estimated Market Risk
| 9.53 actual daily | 84 84% of assets are less volatile |
Expected Return
| 0.25 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Nobel29 Resources is performing at about 2% 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 Nobel29 Resources by adding it to a well-diversified portfolio.
Nobel29 Resources Fundamentals Growth
Nobel29 Stock prices reflect investors' perceptions of the future prospects and financial health of Nobel29 Resources, and Nobel29 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 Nobel29 Stock performance.
| Return On Equity | -4.97 | ||||
| Return On Asset | -1.84 | ||||
| Current Valuation | 4.41 M | ||||
| Shares Outstanding | 102.48 M | ||||
| Price To Book | 9.23 X | ||||
| EBITDA | (3.3 M) | ||||
| Total Debt | 949.14 K | ||||
| Book Value Per Share | (0.01) X | ||||
| Cash Flow From Operations | (426.05 K) | ||||
| Total Asset | 447.44 K | ||||
| Retained Earnings | (19.61 M) | ||||
About Nobel29 Resources Performance
Evaluating Nobel29 Resources' performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Nobel29 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 Nobel29 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.
Nobel Resources Corp. engages in the exploration and production of copper in northern Chile. NOBEL29 RESOURCES is traded on Commodity Exchange in Exotistan.Things to note about Nobel29 Resources Corp performance evaluation
Checking the ongoing alerts about Nobel29 Resources for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Nobel29 Resources Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Nobel29 Resources had very high historical volatility over the last 90 days | |
| Nobel29 Resources has some characteristics of a very speculative penny stock | |
| Nobel29 Resources has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (836.07 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Nobel29 Resources generates negative cash flow from operations |
- Analyzing Nobel29 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 Nobel29 Resources' stock is overvalued or undervalued compared to its peers.
- Examining Nobel29 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 Nobel29 Resources' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Nobel29 Resources' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Nobel29 Resources' stock. These opinions can provide insight into Nobel29 Resources' potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Nobel29 Stock Analysis
When running Nobel29 Resources' price analysis, check to measure Nobel29 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 Nobel29 Resources is operating at the current time. Most of Nobel29 Resources' value examination focuses on studying past and present price action to predict the probability of Nobel29 Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nobel29 Resources' price. Additionally, you may evaluate how the addition of Nobel29 Resources to your portfolios can decrease your overall portfolio volatility.