Westward Gold Stock Performance
| WGLIF Stock | USD 0.06 0.01 10.77% |
On a scale of 0 to 100, Westward Gold holds a performance score of 5. The firm maintains a market beta of 0.31, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Westward Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Westward Gold is expected to be smaller as well. Please check Westward Gold's potential upside and the relationship between the skewness and price action indicator , to make a quick decision on whether Westward Gold's historical returns will revert.
Risk-Adjusted Performance
Modest
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in Westward Gold are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile forward indicators, Westward Gold reported solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 1.2 M | |
| Total Cashflows From Investing Activities | 102 K |
Westward |
Westward Gold Relative Risk vs. Return Landscape
If you would invest 5.34 in Westward Gold on December 21, 2024 and sell it today you would earn a total of 0.71 from holding Westward Gold or generate 13.3% return on investment over 90 days. Westward Gold is currently producing 0.4293% returns and takes up 6.7508% volatility of returns over 90 trading days. Put another way, 60% of traded otc stocks are less volatile than Westward, and 92% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Westward Gold Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Westward Gold's investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as Westward Gold, and traders can use it to determine the average amount a Westward Gold'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 = 0.0636
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Estimated Market Risk
| 6.75 actual daily | 60 60% of assets are less volatile |
Expected Return
| 0.43 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 5 95% of assets perform better |
Based on monthly moving average Westward Gold is performing at about 5% 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 Westward Gold by adding it to a well-diversified portfolio.
Westward Gold Fundamentals Growth
Westward OTC Stock prices reflect investors' perceptions of the future prospects and financial health of Westward Gold, and Westward Gold 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 Westward OTC Stock performance.
| Return On Equity | -0.24 | |||
| Return On Asset | -0.14 | |||
| Current Valuation | 3.83 M | |||
| Shares Outstanding | 69.72 M | |||
| Price To Book | 0.71 X | |||
| EBITDA | (1.74 M) | |||
| Cash And Equivalents | 1.59 M | |||
| Cash Per Share | 0.02 X | |||
| Book Value Per Share | 0.10 X | |||
| Cash Flow From Operations | (1.2 M) | |||
| Earnings Per Share | (0.03) X | |||
| Total Asset | 7.72 M | |||
About Westward Gold Performance
By analyzing Westward Gold's fundamental ratios, stakeholders can gain valuable insights into Westward Gold's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Westward Gold 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 Westward Gold has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Westward Gold Inc. operates as a mineral exploration company. Westward Gold Inc. was incorporated in 2017 and is headquartered in Vancouver, Canada. Westward Gold is traded on OTC Exchange in the United States.Things to note about Westward Gold performance evaluation
Checking the ongoing alerts about Westward Gold for important developments is a great way to find new opportunities for your next move. OTC Stock alerts and notifications screener for Westward Gold help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Westward Gold had very high historical volatility over the last 90 days | |
| Westward Gold has some characteristics of a very speculative penny stock | |
| Westward Gold has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (1.83 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Westward Gold has accumulated about 1.59 M in cash with (1.2 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02. | |
| Roughly 13.0% of the company outstanding shares are owned by insiders |
- Analyzing Westward Gold'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 Westward Gold's stock is overvalued or undervalued compared to its peers.
- Examining Westward Gold'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 Westward Gold's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Westward Gold's management team can help you assess the OTC Stock's leadership.
- Pay attention to analyst opinions and ratings of Westward Gold's otc stock. These opinions can provide insight into Westward Gold's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Westward OTC Stock analysis
When running Westward Gold's price analysis, check to measure Westward Gold'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 Westward Gold is operating at the current time. Most of Westward Gold's value examination focuses on studying past and present price action to predict the probability of Westward Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Westward Gold's price. Additionally, you may evaluate how the addition of Westward Gold to your portfolios can decrease your overall portfolio volatility.
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