Karnalyte Resources Stock Performance
| KRN Stock | CAD 0.18 0.01 5.26% |
Karnalyte Resources has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.21, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Karnalyte Resources are expected to decrease at a much lower rate. During the bear market, Karnalyte Resources is likely to outperform the market. Karnalyte Resources right now secures a risk of 5.58%. Please verify Karnalyte Resources maximum drawdown, accumulation distribution, relative strength index, as well as the relationship between the semi variance and day typical price , to decide if Karnalyte Resources will be following its current price movements.
Risk-Adjusted Performance
1 of 100
Weak | Strong |
Weak
Compared to the overall equity markets, risk-adjusted returns on investments in Karnalyte Resources are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. In spite of very abnormal basic indicators, Karnalyte Resources may actually be approaching a critical reversion point that can send shares even higher in May 2024. ...more
Last Split Factor 14:13 | Last Split Date 2022-06-27 |
1 | KARNALYTE RESOURCES INC. ANNOUNCES 2023 YEAR END RESULTS AND PROVIDES CORPORATE UPDATE - Yahoo Finance | 03/25/2024 |
2 | Closing Bell Karnalyte Resources Inc flat on Wednesday - The Globe and Mail | 04/22/2024 |
| Begin Period Cash Flow | 4.1 M |
Karnalyte |
Karnalyte Resources Relative Risk vs. Return Landscape
If you would invest 18.00 in Karnalyte Resources on January 25, 2024 and sell it today you would earn a total of 0.00 from holding Karnalyte Resources or generate 0.0% return on investment over 90 days. Karnalyte Resources is generating 0.1381% of daily returns assuming 5.5772% volatility of returns over the 90 days investment horizon. Simply put, 49% of all stocks have less volatile historical return distribution than Karnalyte Resources, and 98% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Karnalyte Resources Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Karnalyte Resources' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Karnalyte Resources, and traders can use it to determine the average amount a Karnalyte 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 = 0.0248
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | KRN | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 5.58 actual daily | 49 51% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Karnalyte Resources is performing at about 1% 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 Karnalyte Resources by adding it to a well-diversified portfolio.
Karnalyte Resources Fundamentals Growth
Karnalyte Stock prices reflect investors' perceptions of the future prospects and financial health of Karnalyte Resources, and Karnalyte 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 Karnalyte Stock performance.
| Return On Equity | -0.2 | |||
| Return On Asset | -0.13 | |||
| Current Valuation | 7.3 M | |||
| Shares Outstanding | 53.28 M | |||
| Price To Earning | (3.76) X | |||
| Price To Book | 1.52 X | |||
| EBITDA | (1.33 M) | |||
| Net Income | (1.46 M) | |||
| Cash And Equivalents | 3.68 M | |||
| Cash Per Share | 0.20 X | |||
| Debt To Equity | 0.60 % | |||
| Current Ratio | 16.32 X | |||
| Book Value Per Share | 0.12 X | |||
| Cash Flow From Operations | (1.02 M) | |||
| Earnings Per Share | (0.03) X | |||
| Market Capitalization | 9.59 M | |||
| Total Asset | 9.88 M | |||
| Retained Earnings | (137.8 M) | |||
| Working Capital | 3.58 M | |||
About Karnalyte Resources Performance
To evaluate Karnalyte Resources Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Karnalyte 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 Karnalyte Stock'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 Karnalyte Resources market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Karnalyte'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.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 0.00 | 0.00 | |
| Return On Tangible Assets | (0.17) | (0.18) | |
| Return On Capital Employed | (0.17) | (0.18) | |
| Return On Assets | (0.17) | (0.18) | |
| Return On Equity | (0.22) | (0.23) |
Things to note about Karnalyte Resources performance evaluation
Checking the ongoing alerts about Karnalyte Resources for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Karnalyte Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Karnalyte Resources had very high historical volatility over the last 90 days | |
| Karnalyte Resources has some characteristics of a very speculative penny stock | |
| Karnalyte Resources has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (1.46 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Karnalyte Resources has accumulated about 3.68 M in cash with (1.02 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.2, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 47.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Closing Bell Karnalyte Resources Inc flat on Wednesday - The Globe and Mail |
- Analyzing Karnalyte 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 Karnalyte Resources' stock is overvalued or undervalued compared to its peers.
- Examining Karnalyte 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 Karnalyte Resources' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Karnalyte Resources' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Karnalyte Resources' stock. These opinions can provide insight into Karnalyte Resources' potential for growth and whether the stock is currently undervalued or overvalued.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Karnalyte Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for Karnalyte Stock analysis
When running Karnalyte Resources' price analysis, check to measure Karnalyte 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 Karnalyte Resources is operating at the current time. Most of Karnalyte Resources' value examination focuses on studying past and present price action to predict the probability of Karnalyte Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Karnalyte Resources' price. Additionally, you may evaluate how the addition of Karnalyte Resources to your portfolios can decrease your overall portfolio volatility.
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance |