Goldspot Discoveries Corp Stock Performance
| SPOFF Stock | USD 0.11 0.01 8.33% |
The company retains a Market Volatility (i.e., Beta) of -0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Goldspot Discoveries are expected to decrease at a much lower rate. During the bear market, Goldspot Discoveries is likely to outperform the market. At this point, Goldspot Discoveries Corp has a negative expected return of -0.49%. Please make sure to check out Goldspot Discoveries' potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Goldspot Discoveries 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 Goldspot Discoveries Corp has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Stock's technical and fundamental indicators remain nearly stable which may send shares a bit higher in January 2025. The current disturbance may also be a sign of long-run up-swing for the company stockholders. ...more
| Begin Period Cash Flow | 4.5 M | |
| Total Cashflows From Investing Activities | -8.4 M |
Goldspot |
Goldspot Discoveries Relative Risk vs. Return Landscape
If you would invest 16.00 in Goldspot Discoveries Corp on September 23, 2024 and sell it today you would lose (5.00) from holding Goldspot Discoveries Corp or give up 31.25% of portfolio value over 90 days. Goldspot Discoveries Corp is currently producing negative expected returns and takes up 4.0834% volatility of returns over 90 trading days. Put another way, 36% of traded otc stocks are less volatile than Goldspot, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Goldspot Discoveries Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goldspot Discoveries' investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as Goldspot Discoveries Corp, and traders can use it to determine the average amount a Goldspot Discoveries' 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 = -0.1203
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| Negative Returns | SPOFF |
Estimated Market Risk
| 4.08 actual daily | 36 64% of assets are more volatile |
Expected Return
| -0.49 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.12 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Goldspot Discoveries 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 Goldspot Discoveries by adding Goldspot Discoveries to a well-diversified portfolio.
Goldspot Discoveries Fundamentals Growth
Goldspot OTC Stock prices reflect investors' perceptions of the future prospects and financial health of Goldspot Discoveries, and Goldspot Discoveries 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 Goldspot OTC Stock performance.
| Return On Equity | -0.2 | |||
| Return On Asset | -0.0413 | |||
| Profit Margin | (1.02) % | |||
| Operating Margin | (0.33) % | |||
| Current Valuation | (1.87 M) | |||
| Shares Outstanding | 136.56 M | |||
| Price To Earning | 1.68 X | |||
| Price To Book | 0.62 X | |||
| Price To Sales | 1.94 X | |||
| Revenue | 16.34 M | |||
| EBITDA | 4.21 M | |||
| Cash And Equivalents | 39.36 M | |||
| Cash Per Share | 0.29 X | |||
| Total Debt | 221.25 K | |||
| Debt To Equity | 0 % | |||
| Book Value Per Share | 0.37 X | |||
| Cash Flow From Operations | (9.44 M) | |||
| Earnings Per Share | 0.04 X | |||
| Total Asset | 73.13 M | |||
About Goldspot Discoveries Performance
By analyzing Goldspot Discoveries' fundamental ratios, stakeholders can gain valuable insights into Goldspot Discoveries' financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Goldspot Discoveries 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 Goldspot Discoveries has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
EarthLabs Inc. operates as a technology services company in mineral exploration in Canada. The company was formerly known as GoldSpot Discoveries Corp. and changed its name to EarthLabs Inc. in September 2022. Earthlabs operates under Information Technology Services classification in the United States and is traded on OTC Exchange.Things to note about Goldspot Discoveries Corp performance evaluation
Checking the ongoing alerts about Goldspot Discoveries for important developments is a great way to find new opportunities for your next move. OTC Stock alerts and notifications screener for Goldspot Discoveries Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Goldspot Discoveries generated a negative expected return over the last 90 days | |
| Goldspot Discoveries has some characteristics of a very speculative penny stock | |
| Goldspot Discoveries has high historical volatility and very poor performance | |
| Goldspot Discoveries Corp has accumulated about 39.36 M in cash with (9.44 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.29, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 30.0% of the company outstanding shares are owned by corporate insiders |
- Analyzing Goldspot Discoveries' 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 Goldspot Discoveries' stock is overvalued or undervalued compared to its peers.
- Examining Goldspot Discoveries' 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 Goldspot Discoveries' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Goldspot Discoveries' management team can help you assess the OTC Stock's leadership.
- Pay attention to analyst opinions and ratings of Goldspot Discoveries' otc stock. These opinions can provide insight into Goldspot Discoveries' potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Goldspot OTC Stock analysis
When running Goldspot Discoveries' price analysis, check to measure Goldspot Discoveries' 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 Goldspot Discoveries is operating at the current time. Most of Goldspot Discoveries' value examination focuses on studying past and present price action to predict the probability of Goldspot Discoveries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goldspot Discoveries' price. Additionally, you may evaluate how the addition of Goldspot Discoveries to your portfolios can decrease your overall portfolio volatility.
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