New Destiny Mining Stock Performance
| NED Stock | CAD 0.04 0.00 0.00% |
On a scale of 0 to 100, New Destiny holds a performance score of 6. The company secures a Beta (Market Risk) of -0.0918, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning New Destiny are expected to decrease at a much lower rate. During the bear market, New Destiny is likely to outperform the market. Please check New Destiny's variance, as well as the relationship between the skewness and day typical price , to make a quick decision on whether New Destiny's current price movements will revert.
Risk-Adjusted Performance
Modest
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Compared to the overall equity markets, risk-adjusted returns on investments in New Destiny Mining are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of fairly uncertain basic indicators, New Destiny showed solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 3088.00 |
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New Destiny Relative Risk vs. Return Landscape
If you would invest 3.00 in New Destiny Mining on December 2, 2024 and sell it today you would earn a total of 1.00 from holding New Destiny Mining or generate 33.33% return on investment over 90 days. New Destiny Mining is currently producing 0.9016% returns and takes up 10.4331% volatility of returns over 90 trading days. Put another way, 93% of traded stocks are less volatile than New, and 83% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
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New Destiny Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Destiny's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as New Destiny Mining, and traders can use it to determine the average amount a New Destiny'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 = 0.0864
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Estimated Market Risk
| 10.43 actual daily | 93 93% of assets are less volatile |
Expected Return
| 0.9 actual daily | 17 83% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 6 94% of assets perform better |
Based on monthly moving average New Destiny is performing at about 6% 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 New Destiny by adding it to a well-diversified portfolio.
New Destiny Fundamentals Growth
New Stock prices reflect investors' perceptions of the future prospects and financial health of New Destiny, and New Destiny 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 New Stock performance.
| Return On Asset | -21.4 | ||||
| Current Valuation | 1.03 M | ||||
| Shares Outstanding | 22.61 M | ||||
| Price To Earning | (2.29) X | ||||
| Price To Book | 36.96 X | ||||
| EBITDA | (170.78 K) | ||||
| Cash And Equivalents | 8.49 K | ||||
| Total Debt | 21.07 K | ||||
| Debt To Equity | 0.24 % | ||||
| Book Value Per Share | (0.08) X | ||||
| Cash Flow From Operations | (18.29 K) | ||||
| Earnings Per Share | (0.05) X | ||||
| Total Asset | 31.52 K | ||||
| Retained Earnings | (5.45 M) | ||||
About New Destiny Performance
Evaluating New Destiny's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if New Destiny 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 New Destiny 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.
New Destiny Mining Corp., a junior mineral exploration company, engages in the acquisition, exploration, and evaluation of natural resource properties in Canada. New Destiny Mining Corp. was incorporated in 2009 and is headquartered in Vancouver, Canada. NEW DESTINY operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange.Things to note about New Destiny Mining performance evaluation
Checking the ongoing alerts about New Destiny for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for New Destiny Mining help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| New Destiny Mining is way too risky over 90 days horizon | |
| New Destiny Mining has some characteristics of a very speculative penny stock | |
| New Destiny Mining appears to be risky and price may revert if volatility continues | |
| New Destiny Mining has accumulated 21.07 K in total debt with debt to equity ratio (D/E) of 0.24, which may suggest the company is not taking enough advantage from borrowing. New Destiny Mining has a current ratio of 0.05, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist New Destiny until it has trouble settling it off, either with new capital or with free cash flow. So, New Destiny's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like New Destiny Mining sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for New to invest in growth at high rates of return. When we think about New Destiny's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (740.64 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| New Destiny Mining has accumulated about 8.49 K in cash with (18.29 K) of positive cash flow from operations. | |
| Latest headline from news.google.com: Value Partners Announces Proposed Fund Merger - Yahoo Finance |
- Analyzing New Destiny'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 New Destiny's stock is overvalued or undervalued compared to its peers.
- Examining New Destiny'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 New Destiny's management team can have a significant impact on its success or failure. Reviewing the track record and experience of New Destiny's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of New Destiny's stock. These opinions can provide insight into New Destiny's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for New Stock Analysis
When running New Destiny's price analysis, check to measure New Destiny'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 New Destiny is operating at the current time. Most of New Destiny's value examination focuses on studying past and present price action to predict the probability of New Destiny's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Destiny's price. Additionally, you may evaluate how the addition of New Destiny to your portfolios can decrease your overall portfolio volatility.