Nortec Minerals Corp Stock Performance
| NVT Stock | CAD 0.02 0.00 0.00% |
On a scale of 0 to 100, Nortec Minerals holds a performance score of 2. The company secures a Beta (Market Risk) of -0.36, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Nortec Minerals are expected to decrease at a much lower rate. During the bear market, Nortec Minerals is likely to outperform the market. Please check Nortec Minerals' risk adjusted performance, variance, as well as the relationship between the Variance and kurtosis , to make a quick decision on whether Nortec Minerals' current price movements will revert.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Nortec Minerals Corp are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of fairly abnormal basic indicators, Nortec Minerals showed solid returns over the last few months and may actually be approaching a breakup point. ...more
Last Split Factor 1:5 | Last Split Date 2022-12-23 |
| Begin Period Cash Flow | 557.4 K |
Nortec |
Nortec Minerals Relative Risk vs. Return Landscape
If you would invest 2.00 in Nortec Minerals Corp on September 23, 2024 and sell it today you would earn a total of 0.00 from holding Nortec Minerals Corp or generate 0.0% return on investment over 90 days. Nortec Minerals Corp is currently producing 0.2564% returns and takes up 7.5071% volatility of returns over 90 trading days. Put another way, 66% of traded stocks are less volatile than Nortec, and 95% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
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Nortec Minerals Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nortec Minerals' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Nortec Minerals Corp, and traders can use it to determine the average amount a Nortec Minerals' 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 = 0.0342
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Estimated Market Risk
| 7.51 actual daily | 66 66% of assets are less volatile |
Expected Return
| 0.26 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Nortec Minerals 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 Nortec Minerals by adding it to a well-diversified portfolio.
Nortec Minerals Fundamentals Growth
Nortec Stock prices reflect investors' perceptions of the future prospects and financial health of Nortec Minerals, and Nortec Minerals 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 Nortec Stock performance.
| Return On Equity | -6.99 | ||||
| Return On Asset | -0.5 | ||||
| Current Valuation | 797.08 K | ||||
| Shares Outstanding | 53.4 M | ||||
| Price To Earning | (7.08) X | ||||
| Price To Book | 2.42 X | ||||
| Gross Profit | (14.83 K) | ||||
| EBITDA | 1.68 M | ||||
| Net Income | (327.44 K) | ||||
| Cash And Equivalents | 6.31 K | ||||
| Total Debt | 145 K | ||||
| Debt To Equity | 17.80 % | ||||
| Book Value Per Share | (0) X | ||||
| Cash Flow From Operations | (525.59 K) | ||||
| Earnings Per Share | (0.01) X | ||||
| Total Asset | 348.58 K | ||||
| Retained Earnings | (27.27 M) | ||||
About Nortec Minerals Performance
Evaluating Nortec Minerals' performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Nortec Minerals 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 Nortec Minerals 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.
Nortec Minerals Corp. engages in the exploration and development of mineral properties. Nortec Minerals Corp. was incorporated in 1999 and is based in Vancouver, Canada. NORTEC MINERALS operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange.Things to note about Nortec Minerals Corp performance evaluation
Checking the ongoing alerts about Nortec Minerals for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Nortec Minerals Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Nortec Minerals Corp had very high historical volatility over the last 90 days | |
| Nortec Minerals Corp has some characteristics of a very speculative penny stock | |
| Nortec Minerals Corp has a very high chance of going through financial distress in the upcoming years | |
| Nortec Minerals Corp has accumulated 145 K in total debt with debt to equity ratio (D/E) of 17.8, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Nortec Minerals Corp has a current ratio of 0.03, 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 Nortec Minerals until it has trouble settling it off, either with new capital or with free cash flow. So, Nortec Minerals' 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 Nortec Minerals Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Nortec to invest in growth at high rates of return. When we think about Nortec Minerals' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (327.44 K) with loss before overhead, payroll, taxes, and interest of (14.83 K). | |
| Nortec Minerals Corp has accumulated about 6.31 K in cash with (525.59 K) of positive cash flow from operations. | |
| Roughly 35.0% of Nortec Minerals outstanding shares are owned by corporate insiders |
- Analyzing Nortec Minerals' 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 Nortec Minerals' stock is overvalued or undervalued compared to its peers.
- Examining Nortec Minerals' 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 Nortec Minerals' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Nortec Minerals' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Nortec Minerals' stock. These opinions can provide insight into Nortec Minerals' potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Nortec Stock Analysis
When running Nortec Minerals' price analysis, check to measure Nortec Minerals' 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 Nortec Minerals is operating at the current time. Most of Nortec Minerals' value examination focuses on studying past and present price action to predict the probability of Nortec Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nortec Minerals' price. Additionally, you may evaluate how the addition of Nortec Minerals to your portfolios can decrease your overall portfolio volatility.