Allegiant Gold Stock Performance
| AUXXF Stock | USD 0.09 0 4.40% |
The firm shows a Beta (market volatility) of -0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Allegiant Gold are expected to decrease at a much lower rate. During the bear market, Allegiant Gold is likely to outperform the market. At this point, Allegiant Gold has a negative expected return of -0.29%. Please make sure to confirm Allegiant Gold's maximum drawdown, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Allegiant Gold 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 Allegiant Gold 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 January 2025. The current disturbance may also be a sign of long-run up-swing for the company stockholders. ...more
| Begin Period Cash Flow | 4.3 M |
Allegiant |
Allegiant Gold Relative Risk vs. Return Landscape
If you would invest 12.00 in Allegiant Gold on September 15, 2024 and sell it today you would lose (3.30) from holding Allegiant Gold or give up 27.5% of portfolio value over 90 days. Allegiant Gold is currently producing negative expected returns and takes up 6.6035% volatility of returns over 90 trading days. Put another way, 58% of traded otc stocks are less volatile than Allegiant, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Allegiant Gold Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allegiant Gold's investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as Allegiant Gold, and traders can use it to determine the average amount a Allegiant 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 = -0.0434
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| Negative Returns | AUXXF |
Estimated Market Risk
| 6.6 actual daily | 58 58% of assets are less volatile |
Expected Return
| -0.29 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Allegiant Gold 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 Allegiant Gold by adding Allegiant Gold to a well-diversified portfolio.
Allegiant Gold Fundamentals Growth
Allegiant OTC Stock prices reflect investors' perceptions of the future prospects and financial health of Allegiant Gold, and Allegiant 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 Allegiant OTC Stock performance.
| Return On Equity | -0.056 | |||
| Return On Asset | -0.024 | |||
| Current Valuation | 9.42 M | |||
| Shares Outstanding | 102.6 M | |||
| Price To Earning | 35.50 X | |||
| Price To Book | 0.62 X | |||
| EBITDA | (1.69 M) | |||
| Cash And Equivalents | 6.72 M | |||
| Cash Per Share | 0.07 X | |||
| Total Debt | 60 K | |||
| Debt To Equity | 0 % | |||
| Book Value Per Share | 0.32 X | |||
| Cash Flow From Operations | (974.56 K) | |||
| Earnings Per Share | (0.03) X | |||
| Total Asset | 33.84 M | |||
About Allegiant Gold Performance
By analyzing Allegiant Gold's fundamental ratios, stakeholders can gain valuable insights into Allegiant Gold's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Allegiant 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 Allegiant Gold has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Allegiant Gold Ltd. engages in the exploration and evaluation of resource properties in the United States. The company was incorporated in 2017 and is headquartered in Vancouver, Canada. Allegiant Gold operates under Gold classification in the United States and is traded on OTC Exchange.Things to note about Allegiant Gold performance evaluation
Checking the ongoing alerts about Allegiant Gold for important developments is a great way to find new opportunities for your next move. OTC Stock alerts and notifications screener for Allegiant Gold help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Allegiant Gold generated a negative expected return over the last 90 days | |
| Allegiant Gold has high historical volatility and very poor performance | |
| Allegiant Gold has some characteristics of a very speculative penny stock | |
| Allegiant Gold has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (1.73 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Allegiant Gold has accumulated about 6.72 M in cash with (974.56 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.07. | |
| Roughly 22.0% of the company shares are held by company insiders |
- Analyzing Allegiant 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 Allegiant Gold's stock is overvalued or undervalued compared to its peers.
- Examining Allegiant 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 Allegiant Gold's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Allegiant Gold's management team can help you assess the OTC Stock's leadership.
- Pay attention to analyst opinions and ratings of Allegiant Gold's otc stock. These opinions can provide insight into Allegiant Gold's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Allegiant OTC Stock analysis
When running Allegiant Gold's price analysis, check to measure Allegiant 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 Allegiant Gold is operating at the current time. Most of Allegiant Gold's value examination focuses on studying past and present price action to predict the probability of Allegiant 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 Allegiant Gold's price. Additionally, you may evaluate how the addition of Allegiant Gold to your portfolios can decrease your overall portfolio volatility.
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