Wesdome Gold Mines Stock Performance
The firm maintains a market beta of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and Wesdome Gold are completely uncorrelated.
Risk-Adjusted Performance
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Over the last 90 days Wesdome Gold Mines has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy basic indicators, Wesdome Gold is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
| Begin Period Cash Flow | 33.2 M |
Wesdome |
Wesdome Gold Relative Risk vs. Return Landscape
If you would invest 761.00 in Wesdome Gold Mines on January 20, 2024 and sell it today you would earn a total of 344.00 from holding Wesdome Gold Mines or generate 45.2% return on investment over 90 days. Wesdome Gold Mines is generating 0.6268% of daily returns assuming 2.6044% volatility of returns over the 90 days investment horizon. Simply put, 23% of all stocks have less volatile historical return distribution than Wesdome Gold, and 88% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Wesdome Gold Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wesdome Gold's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Wesdome Gold Mines, and traders can use it to determine the average amount a Wesdome Gold'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 = 0.2406
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 2.6 actual daily | 22 78% of assets are more volatile |
Expected Return
| 0.63 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.24 actual daily | 18 82% of assets perform better |
Based on monthly moving average Wesdome Gold is performing at about 18% 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 Wesdome Gold by adding it to a well-diversified portfolio.
Wesdome Gold Fundamentals Growth
Wesdome Stock prices reflect investors' perceptions of the future prospects and financial health of Wesdome Gold, and Wesdome Gold 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 Wesdome Stock performance.
| Return On Equity | -0.015 | ||||
| Return On Asset | 0.0054 | ||||
| Profit Margin | (0.02) % | ||||
| Operating Margin | 0.14 % | ||||
| Current Valuation | 1.56 B | ||||
| Shares Outstanding | 149.17 M | ||||
| Price To Earning | 34.72 X | ||||
| Price To Book | 3.68 X | ||||
| Price To Sales | 4.71 X | ||||
| Revenue | 333.17 M | ||||
| EBITDA | 101.33 M | ||||
| Cash And Equivalents | 33.19 M | ||||
| Cash Per Share | 0.53 X | ||||
| Total Debt | 38.74 M | ||||
| Debt To Equity | 0.04 % | ||||
| Book Value Per Share | 2.87 X | ||||
| Cash Flow From Operations | 101.35 M | ||||
| Earnings Per Share | (0.04) X | ||||
| Total Asset | 618.96 M | ||||
| Retained Earnings | 180.75 M | ||||
| Current Asset | 23.7 M | ||||
| Current Liabilities | 11.2 M | ||||
About Wesdome Gold Performance
To evaluate Wesdome Gold Mines 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 Wesdome Gold 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 Wesdome 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 Wesdome Gold Mines market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Wesdome'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.Wesdome Gold Mines Ltd. engages in the exploration, extraction, processing, and reclamation of gold in Canada. Wesdome Gold Mines Ltd. was founded in 1976 and is headquartered in Toronto, Canada. WESDOME GOLD operates under Gold classification in Canada and is traded on Toronto Stock Exchange. It employs 301 people.Things to note about Wesdome Gold Mines performance evaluation
Checking the ongoing alerts about Wesdome Gold for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Wesdome Gold Mines help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The company reported the revenue of 333.17 M. Net Loss for the year was (6.19 M) with profit before overhead, payroll, taxes, and interest of 47.8 M. |
- Analyzing Wesdome Gold'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 Wesdome Gold's stock is overvalued or undervalued compared to its peers.
- Examining Wesdome Gold'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 Wesdome Gold's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Wesdome Gold's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Wesdome Gold's stock. These opinions can provide insight into Wesdome Gold's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wesdome Gold Mines. 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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary Tools for Wesdome Stock analysis
When running Wesdome Gold's price analysis, check to measure Wesdome Gold'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 Wesdome Gold is operating at the current time. Most of Wesdome Gold's value examination focuses on studying past and present price action to predict the probability of Wesdome Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wesdome Gold's price. Additionally, you may evaluate how the addition of Wesdome Gold to your portfolios can decrease your overall portfolio volatility.
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