Alkane Resources Limited Stock Performance
| ALKEF Stock | USD 0.44 0.03 6.38% |
On a scale of 0 to 100, Alkane Resources holds a performance score of 5. The firm shows a Beta (market volatility) of -0.4, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Alkane Resources are expected to decrease at a much lower rate. During the bear market, Alkane Resources is likely to outperform the market. Please check Alkane Resources' information ratio, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to make a quick decision on whether Alkane Resources' price patterns will revert.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Alkane Resources Limited are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile technical and fundamental indicators, Alkane Resources reported solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 19 M | |
| Total Cashflows From Investing Activities | -33.2 M |
Alkane |
Alkane Resources Relative Risk vs. Return Landscape
If you would invest 38.00 in Alkane Resources Limited on January 20, 2024 and sell it today you would earn a total of 6.00 from holding Alkane Resources Limited or generate 15.79% return on investment over 90 days. Alkane Resources Limited is currently producing 0.3205% returns and takes up 4.2301% volatility of returns over 90 trading days. Put another way, 37% of traded pink sheets are less volatile than Alkane, and 94% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Alkane Resources Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alkane Resources' investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as Alkane Resources Limited, and traders can use it to determine the average amount a Alkane 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 = 0.0758
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Estimated Market Risk
| 4.23 actual daily | 37 63% of assets are more volatile |
Expected Return
| 0.32 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 5 95% of assets perform better |
Based on monthly moving average Alkane Resources is performing at about 5% 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 Alkane Resources by adding it to a well-diversified portfolio.
Alkane Resources Fundamentals Growth
Alkane Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of Alkane Resources, and Alkane 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 Alkane Pink Sheet performance.
| Return On Equity | 0.31 | |||
| Return On Asset | 0.11 | |||
| Profit Margin | 0.43 % | |||
| Operating Margin | 0.32 % | |||
| Current Valuation | 196.05 M | |||
| Shares Outstanding | 598.79 M | |||
| Price To Earning | 7.04 X | |||
| Price To Book | 1.36 X | |||
| Price To Sales | 1.48 X | |||
| Revenue | 165.01 M | |||
| EBITDA | 137.32 M | |||
| Cash And Equivalents | 77.89 M | |||
| Cash Per Share | 0.13 X | |||
| Total Debt | 9.12 M | |||
| Debt To Equity | 0.06 % | |||
| Book Value Per Share | 0.45 X | |||
| Cash Flow From Operations | 86.48 M | |||
| Earnings Per Share | 0.07 X | |||
| Total Asset | 355.69 M | |||
| Retained Earnings | (27 M) | |||
| Current Asset | 39 M | |||
| Current Liabilities | 10 M | |||
About Alkane Resources Performance
To evaluate Alkane Resources Pink Sheet as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Alkane Resources generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Alkane Pink Sheet's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Alkane Resources market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Alkane's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.Alkane Resources Limited operates as a gold production company in Australia. Alkane Resources Limited was incorporated in 1969 and is headquartered in West Perth, Australia. Alkane Exploration operates under Gold classification in the United States and is traded on OTC Exchange.Things to note about Alkane Resources performance evaluation
Checking the ongoing alerts about Alkane Resources for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for Alkane Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Alkane Resources has some characteristics of a very speculative penny stock | |
| Alkane Resources had very high historical volatility over the last 90 days | |
| About 35.0% of the company shares are held by company insiders |
- Analyzing Alkane 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 Alkane Resources' stock is overvalued or undervalued compared to its peers.
- Examining Alkane 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 Alkane Resources' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Alkane Resources' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Alkane Resources' pink sheet. These opinions can provide insight into Alkane Resources' potential for growth and whether the stock is currently undervalued or overvalued.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alkane Resources Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Alkane Resources information on this page should be used as a complementary analysis to other Alkane Resources' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for Alkane Pink Sheet analysis
When running Alkane Resources' price analysis, check to measure Alkane Resources' 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 Alkane Resources is operating at the current time. Most of Alkane Resources' value examination focuses on studying past and present price action to predict the probability of Alkane Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alkane Resources' price. Additionally, you may evaluate how the addition of Alkane Resources to your portfolios can decrease your overall portfolio volatility.
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