K2 Gold Stock Performance
On a scale of 0 to 100, K2 Gold holds a performance score of 7. The firm owns a Beta (Systematic Risk) of -2.07, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning K2 Gold are expected to decrease by larger amounts. On the other hand, during market turmoil, K2 Gold is expected to outperform it. Please check K2 Gold's treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to make a quick decision on whether K2 Gold's current price history will revert.
Risk-Adjusted Performance
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Over the last 90 days K2 Gold has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, K2 Gold is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders. ...more
| Begin Period Cash Flow | 7.4 M | |
| Total Cashflows From Investing Activities | -3.3 M |
KTGDF |
K2 Gold Relative Risk vs. Return Landscape
If you would invest 7.00 in K2 Gold on January 27, 2024 and sell it today you would earn a total of 2.40 from holding K2 Gold or generate 34.29% return on investment over 90 days. K2 Gold is currently producing 0.9231% returns and takes up 9.8207% volatility of returns over 90 trading days. Put another way, 86% of traded otc stocks are less volatile than KTGDF, and 82% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
K2 Gold Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for K2 Gold's investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as K2 Gold, and traders can use it to determine the average amount a K2 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 = 0.094
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 9.82 actual daily | 86 86% of assets are less volatile |
Expected Return
| 0.92 actual daily | 18 82% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average K2 Gold is performing at about 7% 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 K2 Gold by adding it to a well-diversified portfolio.
K2 Gold Fundamentals Growth
KTGDF OTC Stock prices reflect investors' perceptions of the future prospects and financial health of K2 Gold, and K2 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 KTGDF OTC Stock performance.
| Return On Equity | -0.11 | |||
| Return On Asset | -0.0723 | |||
| Current Valuation | 4.75 M | |||
| Shares Outstanding | 88.83 M | |||
| Price To Earning | (4.71) X | |||
| Price To Book | 0.66 X | |||
| EBITDA | (1.69 M) | |||
| Cash And Equivalents | 1.36 M | |||
| Cash Per Share | 0.02 X | |||
| Total Debt | 40 K | |||
| Debt To Equity | 0 % | |||
| Book Value Per Share | 0.20 X | |||
| Cash Flow From Operations | (1.26 M) | |||
| Earnings Per Share | (0.02) X | |||
| Total Asset | 14.12 M | |||
About K2 Gold Performance
To evaluate K2 Gold OTC 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 K2 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 KTGDF OTC 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 K2 Gold market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents KTGDF'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.K2 Gold Corporation, a junior mineral exploration company, acquires, explores for, and evaluates gold exploration projects in Canada and the United States. K2 Gold Corporation was incorporated in 2011 and is headquartered in Vancouver, Canada. Kent Gida operates under Gold classification in the United States and is traded on OTC Exchange.Things to note about K2 Gold performance evaluation
Checking the ongoing alerts about K2 Gold for important developments is a great way to find new opportunities for your next move. OTC Stock alerts and notifications screener for K2 Gold help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| K2 Gold is way too risky over 90 days horizon | |
| K2 Gold has some characteristics of a very speculative penny stock | |
| K2 Gold appears to be risky and price may revert if volatility continues | |
| K2 Gold has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (1.82 M) with loss before overhead, payroll, taxes, and interest of (5.03 K). | |
| K2 Gold has accumulated about 1.36 M in cash with (1.26 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02. |
- Analyzing K2 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 K2 Gold's stock is overvalued or undervalued compared to its peers.
- Examining K2 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 K2 Gold's management team can have a significant impact on its success or failure. Reviewing the track record and experience of K2 Gold's management team can help you assess the OTC Stock's leadership.
- Pay attention to analyst opinions and ratings of K2 Gold's otc stock. These opinions can provide insight into K2 Gold's 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 K2 Gold. Also, note that the market value of any otc stock could be tightly coupled with the direction of predictive economic indicators such as various price indices. Note that the K2 Gold information on this page should be used as a complementary analysis to other K2 Gold's 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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary Tools for KTGDF OTC Stock analysis
When running K2 Gold's price analysis, check to measure K2 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 K2 Gold is operating at the current time. Most of K2 Gold's value examination focuses on studying past and present price action to predict the probability of K2 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 K2 Gold's price. Additionally, you may evaluate how the addition of K2 Gold to your portfolios can decrease your overall portfolio volatility.
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