Widgie Nickel Limited Stock Performance
| WDGNF Stock | USD 0 0.00 0.00% |
The firm maintains a market beta of 4.29, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Widgie Nickel will likely underperform. At this point, Widgie Nickel Limited has a negative expected return of -2.28%. Please make sure to check out Widgie Nickel's coefficient of variation, jensen alpha, as well as the relationship between the Jensen Alpha and kurtosis , to decide if Widgie Nickel Limited 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 Widgie Nickel Limited 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 basic indicators remain nearly stable which may send shares a bit higher in February 2025. The current disturbance may also be a sign of long-run up-swing for the company stockholders. ...more
Widgie |
Widgie Nickel Relative Risk vs. Return Landscape
If you would invest 3.00 in Widgie Nickel Limited on October 7, 2024 and sell it today you would lose (2.79) from holding Widgie Nickel Limited or give up 93.0% of portfolio value over 90 days. Widgie Nickel Limited is currently producing negative expected returns and takes up 13.9155% volatility of returns over 90 trading days. Put another way, most equities are less risky on the basis of their return distribution than Widgie, and majority of traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
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Widgie Nickel Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Widgie Nickel's investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as Widgie Nickel Limited, and traders can use it to determine the average amount a Widgie Nickel'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 = -0.1637
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| Negative Returns | WDGNF |
Estimated Market Risk
| 13.92 actual daily | 96 96% of assets are less volatile |
Expected Return
| -2.28 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.16 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Widgie Nickel 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 Widgie Nickel by adding Widgie Nickel to a well-diversified portfolio.
Widgie Nickel Fundamentals Growth
Widgie Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of Widgie Nickel, and Widgie Nickel 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 Widgie Pink Sheet performance.
| Return On Asset | -0.0163 | |||
| Shares Outstanding | 251.01 M | |||
| EBITDA | (1.86 M) | |||
| Book Value Per Share | 0.13 X | |||
| Cash Flow From Operations | (5.09 M) | |||
About Widgie Nickel Performance
By analyzing Widgie Nickel's fundamental ratios, stakeholders can gain valuable insights into Widgie Nickel's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Widgie Nickel 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 Widgie Nickel has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Widgie Nickel Limited operates as a mineral exploration and development company in Australia. The company was incorporated in 2021 and is based in Perth, Australia. Widgie Nickel operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange.Things to note about Widgie Nickel Limited performance evaluation
Checking the ongoing alerts about Widgie Nickel for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for Widgie Nickel Limited help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Widgie Nickel generated a negative expected return over the last 90 days | |
| Widgie Nickel has high historical volatility and very poor performance | |
| Widgie Nickel has some characteristics of a very speculative penny stock | |
| Widgie Nickel has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (2.04 M) with loss before overhead, payroll, taxes, and interest of (4.77 K). | |
| Widgie Nickel generates negative cash flow from operations | |
| About 13.0% of the company outstanding shares are owned by insiders |
- Analyzing Widgie Nickel'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 Widgie Nickel's stock is overvalued or undervalued compared to its peers.
- Examining Widgie Nickel'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 Widgie Nickel's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Widgie Nickel's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Widgie Nickel's pink sheet. These opinions can provide insight into Widgie Nickel's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Widgie Pink Sheet analysis
When running Widgie Nickel's price analysis, check to measure Widgie Nickel'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 Widgie Nickel is operating at the current time. Most of Widgie Nickel's value examination focuses on studying past and present price action to predict the probability of Widgie Nickel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Widgie Nickel's price. Additionally, you may evaluate how the addition of Widgie Nickel to your portfolios can decrease your overall portfolio volatility.
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