North Arrow Minerals Stock Performance

NAR Stock  CAD 0.04  0.01  16.67%   
North Arrow has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -2.26, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning North Arrow are expected to decrease by larger amounts. On the other hand, during market turmoil, North Arrow is expected to outperform it. North Arrow Minerals right now secures a risk of 12.23%. Please verify North Arrow Minerals value at risk and the relationship between the expected short fall and period momentum indicator , to decide if North Arrow Minerals will be following its current price movements.

Risk-Adjusted Performance

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Compared to the overall equity markets, risk-adjusted returns on investments in North Arrow Minerals are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. In spite of fairly unsteady basic indicators, North Arrow may actually be approaching a critical reversion point that can send shares even higher in April 2024. ...more
Last Split Factor
1:10
Last Split Date
2013-02-28
1
North Arrow Minerals Gearing Up for Lithium Discovery in 2024, CEO Says - Investing News Network
02/05/2024
2
Arrow Minerals Ltd Strong Start to Drilling at Simandou North - Marketscreener.com
02/29/2024
3
Arrow Minerals Ltd Completes Acquisition of 100 percent Interest in Simandou North Iron - Marketscreener.com
03/26/2024
Begin Period Cash FlowM
Total Cashflows From Investing Activities-1.1 M
  

North Arrow Relative Risk vs. Return Landscape

If you would invest  5.00  in North Arrow Minerals on December 30, 2023 and sell it today you would lose (1.50) from holding North Arrow Minerals or give up 30.0% of portfolio value over 90 days. North Arrow Minerals is currently producing 0.1587% returns and takes up 12.2281% volatility of returns over 90 trading days. Put another way, most equities are less risky on the basis of their return distribution than North, and majority of traded equity instruments are likely to generate higher returns over the next 90 trading days.
  Expected Return   
       Risk  
Assuming the 90 days horizon North Arrow is expected to generate 21.34 times more return on investment than the market. However, the company is 21.34 times more volatile than its market benchmark. It trades about 0.01 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.24 per unit of risk.

North Arrow Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for North Arrow's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as North Arrow Minerals, and traders can use it to determine the average amount a North Arrow'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 = 0.013

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Estimated Market Risk

 12.23
  actual daily
96
96% of assets are less volatile

Expected Return

 0.16
  actual daily
3
97% of assets have higher returns

Risk-Adjusted Return

 0.01
  actual daily
1
99% of assets perform better
Based on monthly moving average North Arrow 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 North Arrow by adding it to a well-diversified portfolio.

North Arrow Fundamentals Growth

North Stock prices reflect investors' perceptions of the future prospects and financial health of North Arrow, and North Arrow 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 North Stock performance.

About North Arrow Performance

To evaluate North Arrow Minerals 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 North Arrow 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 North 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 North Arrow Minerals market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents North'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 ReportedProjected for 2024
Return On Capital Employed 0.17  0.16 
Return On Assets(0.24)(0.25)
Return On Equity(0.32)(0.31)

Things to note about North Arrow Minerals performance evaluation

Checking the ongoing alerts about North Arrow for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for North Arrow Minerals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
North Arrow Minerals had very high historical volatility over the last 90 days
North Arrow Minerals has some characteristics of a very speculative penny stock
The company has accumulated 536.32 K in total debt with debt to equity ratio (D/E) of 0.02, which may suggest the company is not taking enough advantage from borrowing. North Arrow Minerals has a current ratio of 0.97, 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 North Arrow until it has trouble settling it off, either with new capital or with free cash flow. So, North Arrow's 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 North Arrow Minerals sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for North to invest in growth at high rates of return. When we think about North Arrow's use of debt, we should always consider it together with cash and equity.
Net Loss for the year was (4.24 M) with loss before overhead, payroll, taxes, and interest of (64.77 K).
North Arrow Minerals has accumulated about 2.39 M in cash with (548.45 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02.
Roughly 29.0% of North Arrow outstanding shares are owned by corporate insiders
Latest headline from news.google.com: Arrow Minerals Ltd Completes Acquisition of 100 percent Interest in Simandou North Iron - Marketscreener.com
Evaluating North Arrow's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate North Arrow's stock performance include:
  • Analyzing North Arrow'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 North Arrow's stock is overvalued or undervalued compared to its peers.
  • Examining North Arrow'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 North Arrow's management team can have a significant impact on its success or failure. Reviewing the track record and experience of North Arrow's management team can help you assess the Company's leadership.
  • Pay attention to analyst opinions and ratings of North Arrow's stock. These opinions can provide insight into North Arrow's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating North Arrow's stock performance is not an exact science, and many factors can impact North Arrow's stock market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in North Arrow Minerals. 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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

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When running North Arrow's price analysis, check to measure North Arrow'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 North Arrow is operating at the current time. Most of North Arrow's value examination focuses on studying past and present price action to predict the probability of North Arrow's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move North Arrow's price. Additionally, you may evaluate how the addition of North Arrow to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between North Arrow's value and its price as these two are different measures arrived at by different means. Investors typically determine if North Arrow is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, North Arrow's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.