Nextsource Materials Stock Performance
| NEXT Stock | CAD 0.53 0.01 1.92% |
The company secures a Beta (Market Risk) of -0.32, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning NextSource Materials are expected to decrease at a much lower rate. During the bear market, NextSource Materials is likely to outperform the market. At this point, NextSource Materials has a negative expected return of -0.49%. Please make sure to verify NextSource Materials' coefficient of variation, variance, and the relationship between the mean deviation and standard deviation , to decide if NextSource Materials performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days NextSource Materials has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of abnormal performance in the last few months, the Stock's basic indicators remain very healthy which may send shares a bit higher in December 2024. The recent disarray may also be a sign of long period up-swing for the firm investors. ...more
Last Split Factor 1:10 | Last Split Date 2021-05-25 |
1 | NextSource Materials Completes First Commercial Shipments of Graphite Concentrate to Germany and USA - AccessWire | 10/24/2024 |
| Begin Period Cash Flow | 6.9 M |
NextSource |
NextSource Materials Relative Risk vs. Return Landscape
If you would invest 72.00 in NextSource Materials on August 31, 2024 and sell it today you would lose (20.00) from holding NextSource Materials or give up 27.78% of portfolio value over 90 days. NextSource Materials is generating negative expected returns and assumes 2.7042% volatility on return distribution over the 90 days horizon. Simply put, 24% of stocks are less volatile than NextSource, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
NextSource Materials Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NextSource Materials' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as NextSource Materials, and traders can use it to determine the average amount a NextSource Materials' 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 = -0.1803
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Estimated Market Risk
| 2.7 actual daily | 24 76% of assets are more volatile |
Expected Return
| -0.49 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.18 actual daily | 0 Most of other assets perform better |
Based on monthly moving average NextSource Materials 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 NextSource Materials by adding NextSource Materials to a well-diversified portfolio.
NextSource Materials Fundamentals Growth
NextSource Stock prices reflect investors' perceptions of the future prospects and financial health of NextSource Materials, and NextSource Materials 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 NextSource Stock performance.
| Return On Equity | -0.23 | |||
| Return On Asset | -0.0632 | |||
| Current Valuation | 121.55 M | |||
| Shares Outstanding | 183.55 M | |||
| Price To Book | 1.40 X | |||
| EBITDA | (7.37 M) | |||
| Net Income | (8.75 M) | |||
| Cash And Equivalents | 6.89 M | |||
| Total Debt | 21.2 M | |||
| Current Ratio | 1.48 X | |||
| Book Value Per Share | 0.34 X | |||
| Cash Flow From Operations | (8.89 M) | |||
| Earnings Per Share | (0.08) X | |||
| Market Capitalization | 100.95 M | |||
| Total Asset | 92.85 M | |||
| Retained Earnings | (151.45 M) | |||
| Working Capital | 120.05 K | |||
About NextSource Materials Performance
By examining NextSource Materials' fundamental ratios, stakeholders can obtain critical insights into NextSource Materials' financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that NextSource Materials is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 1.4 M | 1.4 M | |
| Return On Tangible Assets | (0.10) | (0.10) | |
| Return On Capital Employed | (0.09) | (0.09) | |
| Return On Assets | (0.10) | (0.10) | |
| Return On Equity | (0.17) | (0.18) |
Things to note about NextSource Materials performance evaluation
Checking the ongoing alerts about NextSource Materials for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for NextSource Materials help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| NextSource Materials generated a negative expected return over the last 90 days | |
| NextSource Materials has some characteristics of a very speculative penny stock | |
| NextSource Materials has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (8.75 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| NextSource Materials has accumulated about 6.89 M in cash with (8.89 M) of positive cash flow from operations. | |
| Roughly 49.0% of the company outstanding shares are owned by corporate insiders |
- Analyzing NextSource Materials' 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 NextSource Materials' stock is overvalued or undervalued compared to its peers.
- Examining NextSource Materials' 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 NextSource Materials' management team can have a significant impact on its success or failure. Reviewing the track record and experience of NextSource Materials' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of NextSource Materials' stock. These opinions can provide insight into NextSource Materials' potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in NextSource Stock
NextSource Materials financial ratios help investors to determine whether NextSource Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in NextSource with respect to the benefits of owning NextSource Materials security.