Ascendant Resources Stock Performance
| ASND Stock | CAD 0.05 0.01 25.00% |
Ascendant Resources holds a performance score of 6 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -4.69, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Ascendant Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Ascendant Resources is expected to outperform it. Use Ascendant Resources market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to analyze future returns on Ascendant Resources.
Risk-Adjusted Performance
6 of 100
Weak | Strong |
Modest
Compared to the overall equity markets, risk-adjusted returns on investments in Ascendant Resources are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating basic indicators, Ascendant Resources displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
Last Split Factor 1:5 | Dividend Date 2016-12-21 | Last Split Date 2016-12-21 |
1 | Ascendant advances Lagoa Salgada mine project By Investing.com - Investing.com UK | 12/11/2024 |
| Begin Period Cash Flow | 3.8 M |
Ascendant |
Ascendant Resources Relative Risk vs. Return Landscape
If you would invest 4.00 in Ascendant Resources on September 23, 2024 and sell it today you would earn a total of 1.00 from holding Ascendant Resources or generate 25.0% return on investment over 90 days. Ascendant Resources is generating 1.0158% of daily returns and assumes 11.6542% volatility on return distribution over the 90 days horizon. Simply put, majority of traded equity instruments are less risky than Ascendant 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 |
Ascendant Resources Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ascendant Resources' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Ascendant Resources, and traders can use it to determine the average amount a Ascendant Resources' 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 = 0.0872
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ASND | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 11.65 actual daily | 96 96% of assets are less volatile |
Expected Return
| 1.02 actual daily | 20 80% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 6 94% of assets perform better |
Based on monthly moving average Ascendant Resources is performing at about 6% 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 Ascendant Resources by adding it to a well-diversified portfolio.
Ascendant Resources Fundamentals Growth
Ascendant Stock prices reflect investors' perceptions of the future prospects and financial health of Ascendant Resources, and Ascendant Resources 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 Ascendant Stock performance.
| Return On Equity | 2.31 | ||||
| Return On Asset | -0.13 | ||||
| Current Valuation | 35.8 M | ||||
| Shares Outstanding | 186.64 M | ||||
| Price To Earning | 12.50 X | ||||
| Price To Book | 6.10 X | ||||
| Price To Sales | 0.21 X | ||||
| Gross Profit | 23.89 M | ||||
| EBITDA | (2.89 M) | ||||
| Net Income | (7.76 M) | ||||
| Cash And Equivalents | 2.21 M | ||||
| Cash Per Share | 0.03 X | ||||
| Total Debt | 18.42 M | ||||
| Debt To Equity | 66.20 % | ||||
| Current Ratio | 0.63 X | ||||
| Book Value Per Share | (0.10) X | ||||
| Cash Flow From Operations | (2.6 M) | ||||
| Earnings Per Share | (0.03) X | ||||
| Market Capitalization | 8.4 M | ||||
| Total Asset | 18.54 M | ||||
| Retained Earnings | (59.22 M) | ||||
| Working Capital | (4.67 M) | ||||
About Ascendant Resources Performance
By examining Ascendant Resources' fundamental ratios, stakeholders can obtain critical insights into Ascendant Resources' financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Ascendant Resources is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 535.25 | 508.49 | |
| Return On Tangible Assets | (0.56) | (0.59) | |
| Return On Capital Employed | (0.26) | (0.27) | |
| Return On Assets | (0.56) | (0.59) | |
| Return On Equity | 0.64 | 0.67 |
Things to note about Ascendant Resources performance evaluation
Checking the ongoing alerts about Ascendant Resources for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Ascendant Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Ascendant Resources is way too risky over 90 days horizon | |
| Ascendant Resources has some characteristics of a very speculative penny stock | |
| Ascendant Resources appears to be risky and price may revert if volatility continues | |
| Ascendant Resources has high likelihood to experience some financial distress in the next 2 years | |
| The company has C$18.42 Million in debt which may indicate that it relies heavily on debt financing | |
| Ascendant Resources has accumulated 18.42 M in total debt with debt to equity ratio (D/E) of 66.2, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Ascendant Resources has a current ratio of 0.62, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Ascendant Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Ascendant Resources' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Ascendant Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Ascendant to invest in growth at high rates of return. When we think about Ascendant Resources' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (7.76 M) with profit before overhead, payroll, taxes, and interest of 23.89 M. | |
| Ascendant Resources has accumulated about 2.21 M in cash with (2.6 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03. | |
| Latest headline from news.google.com: Ascendant advances Lagoa Salgada mine project By Investing.com - Investing.com UK |
- Analyzing Ascendant Resources' 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 Ascendant Resources' stock is overvalued or undervalued compared to its peers.
- Examining Ascendant Resources' 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 Ascendant Resources' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Ascendant Resources' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Ascendant Resources' stock. These opinions can provide insight into Ascendant Resources' potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Ascendant Stock
Ascendant Resources financial ratios help investors to determine whether Ascendant Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ascendant with respect to the benefits of owning Ascendant Resources security.