Nevado Stock Today

VDO-H Stock  CAD 0.06  0.01  22.22%   
Market Performance
0 of 100
Odds Of Distress
Over 61
Nevado Resources is selling for under 0.055 as of the 5th of February 2023; that is 22.22 percent increase since the beginning of the trading day. The stock's lowest day price was 0.055. Nevado Resources has more than 61 % chance of experiencing financial distress in the next few years of operation. It also generated negative returns for investors over the last 90 days. Equity ratings for Nevado Resources are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 7th of December 2022 and ending today, the 5th of February 2023. Click here to learn more.
Fiscal Year End
Basic Materials
Nevado Resources Corporation engages in the acquisition, exploration, and evaluation mining properties in Canada. Nevado Resources Corporation was incorporated in 2006 and is headquartered in Montreal, Canada. NEVADO RESOURCES is traded on TSX Venture Exchange in Canada. The company has 12.22 M outstanding shares of which 6.83 K shares are at this time shorted by private and institutional investors with about 19.69 days to cover all short positions. More on Nevado Resources

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Follow Valuation Odds of Bankruptcy
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Nevado Resources Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Nevado Resources' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Nevado Resources or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Macroaxis Advice
The buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Nevado Resources' available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong SellFairly Valued
Nevado Resources (VDO-H) is traded on TSX Venture Exchange in Canada and employs 1 people. The company currently falls under 'Nano-Cap' category with a current market capitalization of 672.05 K. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Nevado Resources's market, we take the total number of its shares issued and multiply it by Nevado Resources's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Nevado Resources operates under Basic Materials sector and is part of Industrial Metals & Minerals industry. The entity has 12.22 M outstanding shares of which 6.83 K shares are at this time shorted by private and institutional investors with about 19.69 days to cover all short positions. Nevado Resources has accumulated about 313.94 K in cash with (145.5 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.05.
Check Nevado Resources Probability Of Bankruptcy
Nevado Resources secures 14.4 % if its outstanding shares held by insiders and 14.4 % owned by institutional investors .

Ownership Allocation

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Nevado Stock Price Odds Analysis

Depending on a normal probability distribution, the odds of Nevado Resources jumping above the current price in 90 days from now is about 63.71%. The Nevado Resources probability density function shows the probability of Nevado Resources stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Nevado Resources has a beta of -1.2317. This entails as returns on its benchmark rise, returns on holding Nevado Resources are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Nevado Resources is expected to outperform its benchmark. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Nevado Resources is significantly underperforming NYSE Composite.
  Odds Below 0.055HorizonTargetOdds Above 0.055
36.22%90 days
Based on a normal probability distribution, the odds of Nevado Resources to move above the current price in 90 days from now is about 63.71 (This Nevado Resources probability density function shows the probability of Nevado Stock to fall within a particular range of prices over 90 days) .

Nevado Resources Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Nevado Resources market risk premium is the additional return an investor will receive from holding Nevado Resources long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Nevado Resources. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Nevado Resources' alpha and beta are two of the key measurements used to evaluate Nevado Resources' performance over the market, the standard measures of volatility play an important role as well.

Nevado Stock Against Markets

Picking the right benchmark for Nevado Resources stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Nevado Resources stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Nevado Resources is critical whether you are bullish or bearish towards Nevado Resources at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Nevado Resources without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Invested in Nevado Resources?

The danger of trading Nevado Resources is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Nevado Resources is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Nevado Resources. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Nevado Resources is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Also, please take a look at World Market Map. Note that the Nevado Resources information on this page should be used as a complementary analysis to other Nevado 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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

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