Canada Nickel Stock Performance
| CNIKF Stock | USD 0.65 0.01 1.56% |
The firm shows a Beta (market volatility) of 0.76, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Canada Nickel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Canada Nickel is expected to be smaller as well. At this point, Canada Nickel has a negative expected return of -0.4%. Please make sure to confirm Canada Nickel's treynor ratio and the relationship between the skewness and day typical price , to decide if Canada Nickel 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 Canada Nickel 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 forward-looking signals 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 | 3.3 M | |
| Free Cash Flow | -2.1 M |
Canada |
Canada Nickel Relative Risk vs. Return Landscape
If you would invest 84.00 in Canada Nickel on September 13, 2024 and sell it today you would lose (20.00) from holding Canada Nickel or give up 23.81% of portfolio value over 90 days. Canada Nickel is currently producing negative expected returns and takes up 2.3042% volatility of returns over 90 trading days. Put another way, 20% of traded otc stocks are less volatile than Canada, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Canada Nickel Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canada Nickel's investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as Canada Nickel, and traders can use it to determine the average amount a Canada 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 = -0.1757
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| Negative Returns | CNIKF |
Estimated Market Risk
| 2.3 actual daily | 20 80% of assets are more volatile |
Expected Return
| -0.4 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.18 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Canada 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 Canada Nickel by adding Canada Nickel to a well-diversified portfolio.
Canada Nickel Fundamentals Growth
Canada OTC Stock prices reflect investors' perceptions of the future prospects and financial health of Canada Nickel, and Canada 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 Canada OTC Stock performance.
| Return On Equity | -0.0666 | |||
| Return On Asset | -0.0565 | |||
| Current Valuation | 142.53 M | |||
| Shares Outstanding | 113.85 M | |||
| Price To Book | 1.60 X | |||
| EBITDA | (2.39 M) | |||
| Cash And Equivalents | 8.76 M | |||
| Cash Per Share | 0.08 X | |||
| Total Debt | 156.77 K | |||
| Debt To Equity | 0 % | |||
| Book Value Per Share | 1.05 X | |||
| Cash Flow From Operations | (1.87 M) | |||
| Earnings Per Share | (0.06) X | |||
| Total Asset | 144.31 M | |||
About Canada Nickel Performance
By analyzing Canada Nickel's fundamental ratios, stakeholders can gain valuable insights into Canada Nickel's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Canada 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 Canada Nickel has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Canada Nickel Company Inc., together with its subsidiary, engages in the exploration, discovery, and development of nickel sulphide assets. Canada Nickel Company Inc. was incorporated in 2019 and is headquartered in Toronto, Canada. Canada Nickel is traded on OTC Exchange in the United States.Things to note about Canada Nickel performance evaluation
Checking the ongoing alerts about Canada Nickel for important developments is a great way to find new opportunities for your next move. OTC Stock alerts and notifications screener for Canada Nickel help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Canada Nickel generated a negative expected return over the last 90 days | |
| Canada Nickel has some characteristics of a very speculative penny stock | |
| Canada Nickel has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (5.54 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Canada Nickel has accumulated about 8.76 M in cash with (1.87 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.08. |
- Analyzing Canada 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 Canada Nickel's stock is overvalued or undervalued compared to its peers.
- Examining Canada 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 Canada Nickel's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Canada Nickel's management team can help you assess the OTC Stock's leadership.
- Pay attention to analyst opinions and ratings of Canada Nickel's otc stock. These opinions can provide insight into Canada Nickel's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Canada OTC Stock analysis
When running Canada Nickel's price analysis, check to measure Canada 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 Canada Nickel is operating at the current time. Most of Canada Nickel's value examination focuses on studying past and present price action to predict the probability of Canada 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 Canada Nickel's price. Additionally, you may evaluate how the addition of Canada Nickel to your portfolios can decrease your overall portfolio volatility.
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