Nevado Resources Stock Buy Hold or Sell Recommendation
| VDO-H Stock | CAD 0.04 0.00 0.00% |
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding Nevado Resources is 'Strong Sell'. Macroaxis provides Nevado Resources buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding VDO-H positions. The advice algorithm takes into account all of Nevado Resources' available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Nevado Resources' buy or sell advice are summarized below:
Real Value 0.0315 | Hype Value 0.04 | Market Value 0.04 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Nevado Resources given historical horizon and risk tolerance towards Nevado Resources. When Macroaxis issues a 'buy' or 'sell' recommendation for Nevado Resources, the advice is generated through an automated system that utilizes algorithms and statistical models.
Nevado |
Execute Nevado Resources Buy or Sell Advice
The Nevado recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Nevado Resources. Macroaxis does not own or have any residual interests in Nevado Resources or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Nevado Resources' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Weak | Details | |
Volatility | Out of control | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Very High | Details | |
Economic Sensitivity | Moves totally opposite to the market | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Nevado Resources Trading Alerts and Improvement Suggestions
| Nevado Resources has some characteristics of a very speculative penny stock | |
| Nevado Resources had very high historical volatility over the last 90 days | |
| Nevado Resources has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (191.1 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Nevado Resources has accumulated about 313.94 K in cash with (157.49 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.05, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 27.0% of the company outstanding shares are owned by insiders | |
| Latest headline from news.google.com: Closing Bell Nevado Resources Corp up on Wednesday - The Globe and Mail |
Nevado Resources Returns Distribution Density
The distribution of Nevado Resources' historical returns is an attempt to chart the uncertainty of Nevado Resources' future price movements. The chart of the probability distribution of Nevado Resources daily returns describes the distribution of returns around its average expected value. We use Nevado Resources price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Nevado Resources returns is essential to provide solid investment advice for Nevado Resources.
| Mean Return | 0.1 | Value At Risk | 0.00 | Potential Upside | 0.00 | Standard Deviation | 4.76 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Nevado Resources historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Nevado Resources Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 33.7K | 498.3K | 268.6K | (32.0K) | (157.5K) | (149.6K) | |
| Total Cash From Operating Activities | (183.0K) | (101.7K) | (145.5K) | (160.6K) | (157.5K) | (165.4K) | |
| Change To Account Receivables | (2.9K) | (3.9K) | (5.6K) | (6.0K) | (7.0K) | (7.3K) | |
| Change To Operating Activities | (1.2K) | (889.0) | (261.0) | 5.8K | 5.2K | 6.2K | |
| Net Income | (45.8K) | 886.1K | (600.6K) | (194.9K) | (191.1K) | (181.5K) | |
| End Period Cash Flow | 38.3K | 536.6K | 805.2K | 773.2K | 655.5K | 395.0K | |
| Change To Netincome | (53.1K) | (974.8K) | 414.8K | 17.3K | 19.9K | 20.9K | |
| Change To Liabilities | (53.2K) | (8.2K) | 46.2K | 38.3K | 44.1K | 46.3K | |
| Free Cash Flow | (183.0K) | (101.7K) | (145.5K) | (160.6K) | (157.5K) | (165.4K) | |
| Change In Working Capital | (84.1K) | (13.0K) | 40.3K | 17.0K | 33.6K | 35.3K | |
| Begin Period Cash Flow | 4.7K | 38.3K | 536.6K | 805.2K | 813.0K | 853.6K |
Nevado Resources Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Nevado Resources or Metals & Mining sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Nevado Resources' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Nevado stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.16 | |
β | Beta against NYSE Composite | -1.15 | |
σ | Overall volatility | 4.91 | |
Ir | Information ratio | 0.01 |
Nevado Resources Volatility Alert
Nevado Resources exhibits very low volatility with skewness of 4.68 and kurtosis of 39.3. Nevado Resources is a penny stock. Although Nevado Resources may be in fact a good investment, many penny stocks are subject to artificial price hype. Make sure you completely understand the upside potential and downside risk of investing in Nevado Resources. We encourage investors to look for signals such as message board hypes, claims of breakthroughs, email spams, sudden volume upswings, and other similar hype indicators. We also encourage traders to check biographies and work history of company officers before investing in instruments with high volatility. You can indeed make money on Nevado instrument if you perfectly time your entry and exit. However, remember that penny stocks that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.Nevado Resources Fundamentals Vs Peers
Comparing Nevado Resources' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Nevado Resources' direct or indirect competition across all of the common fundamentals between Nevado Resources and the related equities. This way, we can detect undervalued stocks with similar characteristics as Nevado Resources or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Nevado Resources' fundamental indicators could also be used in its relative valuation, which is a method of valuing Nevado Resources by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Nevado Resources to competition |
| Fundamentals | Nevado Resources | Peer Average |
| Return On Equity | -0.3 | -0.31 |
| Return On Asset | -0.14 | -0.14 |
| Current Valuation | (166.7 K) | 16.62 B |
| Shares Outstanding | 12.22 M | 571.82 M |
| Shares Owned By Insiders | 26.72 % | 10.09 % |
| Number Of Shares Shorted | 2.4 K | 4.71 M |
| Price To Book | 0.90 X | 9.51 X |
| EBITDA | (177.6 K) | 3.9 B |
| Net Income | (191.1 K) | 570.98 M |
| Cash And Equivalents | 313.94 K | 2.7 B |
| Cash Per Share | 0.05 X | 5.01 X |
| Total Debt | 171.87 K | 5.32 B |
| Current Ratio | 1.05 X | 2.16 X |
| Book Value Per Share | 0.04 X | 1.93 K |
| Cash Flow From Operations | (157.49 K) | 971.22 M |
| Short Ratio | 4.45 X | 4.00 X |
| Earnings Per Share | (0.02) X | 3.12 X |
| Beta | 0.74 | -0.15 |
| Market Capitalization | 488.76 K | 19.03 B |
| Total Asset | 792.83 K | 29.47 B |
| Retained Earnings | (13.59 M) | 9.33 B |
| Working Capital | 680.34 K | 1.48 B |
| Net Asset | 792.83 K |
Nevado Resources Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Nevado . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Nevado Resources Buy or Sell Advice
When is the right time to buy or sell Nevado Resources? Buying financial instruments such as Nevado Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2023 | 2024 (projected) | Other Liabilities | 69.9K | 62.1K | Total Current Liabilities | 101.2K | 111.6K |
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In addition to having Nevado Resources in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out Nevado Resources Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. 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 the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Nevado Stock analysis
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 the 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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