Ovoca Gold (Ireland) Performance
| OVXA Stock | EUR 0.01 0 16.67% |
Ovoca Gold holds a performance score of 7 on a scale of zero to a hundred. The company holds a Beta of 1.6, which implies 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, Ovoca Gold will likely underperform. Use Ovoca Gold treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to analyze future returns on Ovoca Gold.
Risk-Adjusted Performance
7 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Ovoca Gold PLC are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. Even with relatively weak basic indicators, Ovoca Gold reported solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 10.7 M | |
| Total Cashflows From Investing Activities | -67 K | |
| Free Cash Flow | -4.5 M |
Ovoca |
Ovoca Gold Relative Risk vs. Return Landscape
If you would invest 0.95 in Ovoca Gold PLC on September 23, 2024 and sell it today you would earn a total of 0.55 from holding Ovoca Gold PLC or generate 57.89% return on investment over 90 days. Ovoca Gold PLC is generating 3.789% of daily returns and assumes 38.6961% volatility on return distribution over the 90 days horizon. Simply put, majority of traded equity instruments are less risky than Ovoca on the basis of their historical return distribution, and most equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Ovoca Gold Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ovoca Gold's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Ovoca Gold PLC, and traders can use it to determine the average amount a Ovoca 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 = 0.0979
| Best Portfolio | Best Equity | |||
| Good Returns | OVXA | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 38.7 actual daily | 96 96% of assets are less volatile |
Expected Return
| 3.79 actual daily | 75 75% of assets have lower returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average Ovoca Gold is performing at about 7% 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 Ovoca Gold by adding it to a well-diversified portfolio.
Ovoca Gold Fundamentals Growth
Ovoca Stock prices reflect investors' perceptions of the future prospects and financial health of Ovoca Gold, and Ovoca 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 Ovoca Stock performance.
| Return On Equity | -0.63 | |||
| Return On Asset | -0.36 | |||
| Current Valuation | 922.65 K | |||
| Shares Outstanding | 81.56 M | |||
| Price To Book | 0.61 X | |||
| EBITDA | (5.14 M) | |||
| Book Value Per Share | 0.11 X | |||
| Cash Flow From Operations | (4.38 M) | |||
| Earnings Per Share | (0.04) X | |||
| Total Asset | 14.77 M | |||
About Ovoca Gold Performance
Assessing Ovoca Gold's fundamental ratios provides investors with valuable insights into Ovoca Gold's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Ovoca Gold is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
Things to note about Ovoca Gold PLC performance evaluation
Checking the ongoing alerts about Ovoca Gold for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Ovoca Gold PLC help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Ovoca Gold PLC is way too risky over 90 days horizon | |
| Ovoca Gold PLC has some characteristics of a very speculative penny stock | |
| Ovoca Gold PLC appears to be risky and price may revert if volatility continues | |
| Ovoca Gold PLC has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (5.47 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Ovoca Gold generates negative cash flow from operations | |
| About 41.0% of the company outstanding shares are owned by corporate insiders |
- Analyzing Ovoca 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 Ovoca Gold's stock is overvalued or undervalued compared to its peers.
- Examining Ovoca 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 Ovoca Gold's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Ovoca Gold's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Ovoca Gold's stock. These opinions can provide insight into Ovoca Gold's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Ovoca Stock Analysis
When running Ovoca Gold's price analysis, check to measure Ovoca 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 Ovoca Gold is operating at the current time. Most of Ovoca Gold's value examination focuses on studying past and present price action to predict the probability of Ovoca 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 Ovoca Gold's price. Additionally, you may evaluate how the addition of Ovoca Gold to your portfolios can decrease your overall portfolio volatility.