Goldmining Stock Performance
| GLDG Stock | USD 0.87 0.03 3.57% |
The company retains a Market Volatility (i.e., Beta) of -0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning GoldMining are expected to decrease at a much lower rate. During the bear market, GoldMining is likely to outperform the market. At this point, GoldMining has a negative expected return of -0.0065%. Please make sure to check out GoldMining's jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to decide if GoldMining 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 GoldMining has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, GoldMining is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders. ...more
1 | U.S. GoldMining Inc. Short Interest Down 73.5 percent in September - MarketBeat | 09/25/2024 |
2 | GoldMining Inc. Sees Significant Decline in Short Interest | 10/17/2024 |
| Begin Period Cash Flow | 8.3 M |
GoldMining |
GoldMining Relative Risk vs. Return Landscape
If you would invest 89.00 in GoldMining on September 2, 2024 and sell it today you would lose (2.00) from holding GoldMining or give up 2.25% of portfolio value over 90 days. GoldMining is currently does not generate positive expected returns and assumes 2.4444% risk (volatility on return distribution) over the 90 days horizon. In different words, 21% of stocks are less volatile than GoldMining, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
GoldMining Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for GoldMining's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as GoldMining, and traders can use it to determine the average amount a GoldMining'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 = -0.0027
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | GLDG |
Estimated Market Risk
| 2.44 actual daily | 21 79% of assets are more volatile |
Expected Return
| -0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average GoldMining 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 GoldMining by adding GoldMining to a well-diversified portfolio.
GoldMining Fundamentals Growth
GoldMining Stock prices reflect investors' perceptions of the future prospects and financial health of GoldMining, and GoldMining 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 GoldMining Stock performance.
| Return On Equity | -0.21 | ||||
| Return On Asset | -0.12 | ||||
| Current Valuation | 160.01 M | ||||
| Shares Outstanding | 190.94 M | ||||
| Price To Earning | 1.64 X | ||||
| Price To Book | 2.04 X | ||||
| EBITDA | (23.2 M) | ||||
| Net Income | (30.45 M) | ||||
| Cash And Equivalents | 4.02 M | ||||
| Cash Per Share | 0.03 X | ||||
| Total Debt | 395 K | ||||
| Debt To Equity | 0.08 % | ||||
| Current Ratio | 0.42 X | ||||
| Book Value Per Share | 0.60 X | ||||
| Cash Flow From Operations | (21.83 M) | ||||
| Earnings Per Share | (0.09) X | ||||
| Market Capitalization | 176.92 M | ||||
| Total Asset | 136.88 M | ||||
| Retained Earnings | 20.18 M | ||||
| Working Capital | 21.38 M | ||||
| Current Asset | 10 K | ||||
| Current Liabilities | 1.5 M | ||||
About GoldMining Performance
By analyzing GoldMining's fundamental ratios, stakeholders can gain valuable insights into GoldMining's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if GoldMining 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 GoldMining has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 417.84 | 371.42 | |
| Return On Tangible Assets | (0.19) | (0.20) | |
| Return On Capital Employed | (0.17) | (0.18) | |
| Return On Assets | (0.19) | (0.20) | |
| Return On Equity | (0.20) | (0.21) |
Things to note about GoldMining performance evaluation
Checking the ongoing alerts about GoldMining for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for GoldMining help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| GoldMining generated a negative expected return over the last 90 days | |
| GoldMining has some characteristics of a very speculative penny stock | |
| GoldMining currently holds 395 K in liabilities with Debt to Equity (D/E) ratio of 0.08, which may suggest the company is not taking enough advantage from borrowing. GoldMining has a current ratio of 0.41, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about GoldMining's use of debt, we should always consider it together with its cash and equity. | |
| Net Loss for the year was (30.45 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| GoldMining currently holds about 4.02 M in cash with (21.83 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03. | |
| GoldMining has a frail financial position based on the latest SEC disclosures |
- Analyzing GoldMining'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 GoldMining's stock is overvalued or undervalued compared to its peers.
- Examining GoldMining'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 GoldMining's management team can have a significant impact on its success or failure. Reviewing the track record and experience of GoldMining's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of GoldMining's stock. These opinions can provide insight into GoldMining's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for GoldMining Stock analysis
When running GoldMining's price analysis, check to measure GoldMining'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 GoldMining is operating at the current time. Most of GoldMining's value examination focuses on studying past and present price action to predict the probability of GoldMining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GoldMining's price. Additionally, you may evaluate how the addition of GoldMining to your portfolios can decrease your overall portfolio volatility.
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