Noram Lithium Corp Stock Performance
| NRM Stock | CAD 0.13 0.00 0.00% |
The company secures a Beta (Market Risk) of -0.73, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Noram Lithium are expected to decrease at a much lower rate. During the bear market, Noram Lithium is likely to outperform the market. At this point, Noram Lithium Corp has a negative expected return of -0.23%. Please make sure to verify Noram Lithium's maximum drawdown and kurtosis , to decide if Noram Lithium Corp 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 Noram Lithium Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of conflicting performance in the last few months, the Stock's basic indicators remain fairly stable which may send shares a bit higher in January 2025. The latest fuss may also be a sign of long-term up-swing for the venture sophisticated investors. ...more
Last Split Factor 1:10 | Dividend Date 2018-03-02 | Last Split Date 2018-03-02 |
| Begin Period Cash Flow | 1.6 M |
Noram |
Noram Lithium Relative Risk vs. Return Landscape
If you would invest 16.00 in Noram Lithium Corp on September 3, 2024 and sell it today you would lose (3.00) from holding Noram Lithium Corp or give up 18.75% of portfolio value over 90 days. Noram Lithium Corp is currently producing negative expected returns and takes up 4.5766% volatility of returns over 90 trading days. Put another way, 40% of traded stocks are less volatile than Noram, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Noram Lithium Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Noram Lithium's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Noram Lithium Corp, and traders can use it to determine the average amount a Noram Lithium'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 = -0.0493
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| Negative Returns | NRM |
Estimated Market Risk
| 4.58 actual daily | 40 60% of assets are more volatile |
Expected Return
| -0.23 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Noram Lithium 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 Noram Lithium by adding Noram Lithium to a well-diversified portfolio.
Noram Lithium Fundamentals Growth
Noram Stock prices reflect investors' perceptions of the future prospects and financial health of Noram Lithium, and Noram Lithium 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 Noram Stock performance.
| Return On Equity | -0.53 | |||
| Return On Asset | -0.35 | |||
| Current Valuation | 9.79 M | |||
| Shares Outstanding | 89.15 M | |||
| Price To Earning | (2.31) X | |||
| Price To Book | 1.69 X | |||
| EBITDA | (6.3 M) | |||
| Net Income | (5.66 M) | |||
| Cash And Equivalents | 110.84 K | |||
| Total Debt | 55.68 K | |||
| Debt To Equity | 8.50 % | |||
| Current Ratio | 0.55 X | |||
| Book Value Per Share | 0.07 X | |||
| Cash Flow From Operations | (4.88 M) | |||
| Earnings Per Share | (0.05) X | |||
| Market Capitalization | 11.14 M | |||
| Total Asset | 8.43 M | |||
| Retained Earnings | (30.37 M) | |||
| Working Capital | 3.27 M | |||
About Noram Lithium Performance
Evaluating Noram Lithium's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Noram Lithium 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 Noram Lithium 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 | ||
| Return On Tangible Assets | (0.67) | (0.70) | |
| Return On Capital Employed | (0.80) | (0.84) | |
| Return On Assets | (0.67) | (0.70) | |
| Return On Equity | (0.71) | (0.75) |
Things to note about Noram Lithium Corp performance evaluation
Checking the ongoing alerts about Noram Lithium for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Noram Lithium Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Noram Lithium Corp generated a negative expected return over the last 90 days | |
| Noram Lithium Corp has some characteristics of a very speculative penny stock | |
| Noram Lithium Corp has high historical volatility and very poor performance | |
| Noram Lithium Corp has high likelihood to experience some financial distress in the next 2 years | |
| Noram Lithium Corp has accumulated 55.68 K in total debt with debt to equity ratio (D/E) of 8.5, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Noram Lithium Corp has a current ratio of 0.54, 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 Noram Lithium until it has trouble settling it off, either with new capital or with free cash flow. So, Noram Lithium'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 Noram Lithium Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Noram to invest in growth at high rates of return. When we think about Noram Lithium's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (5.66 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Noram Lithium Corp has accumulated about 110.84 K in cash with (4.88 M) of positive cash flow from operations. | |
| Roughly 12.0% of Noram Lithium outstanding shares are owned by corporate insiders |
- Analyzing Noram Lithium'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 Noram Lithium's stock is overvalued or undervalued compared to its peers.
- Examining Noram Lithium'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 Noram Lithium's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Noram Lithium's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Noram Lithium's stock. These opinions can provide insight into Noram Lithium's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Noram Stock Analysis
When running Noram Lithium's price analysis, check to measure Noram Lithium'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 Noram Lithium is operating at the current time. Most of Noram Lithium's value examination focuses on studying past and present price action to predict the probability of Noram Lithium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Noram Lithium's price. Additionally, you may evaluate how the addition of Noram Lithium to your portfolios can decrease your overall portfolio volatility.