ASA Gold Stock Buy Hold or Sell Recommendation

ASA
 Stock
  

USD 14.27  0.08  0.56%   

Considering the 90-day investment horizon and your highly speculative risk level, our recommendation regarding ASA Gold And is 'Strong Hold'. Macroaxis provides ASA Gold buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding ASA Gold positions. The advice algorithm takes into account all of ASA Gold's available fundamental, technical, and predictive indicators you will find on this site.
  
The advice is provided from ASA Gold's buy-and-hold perspective. Please continue to ASA Gold 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. We conduct extensive research on individual companies such as ASA Gold and provide practical buy, sell, or hold advice based on selected investing horizon and risk tolerance towards ASA Gold And.

Execute ASA Gold Buy or Sell Advice

The ASA Gold recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on ASA Gold And. Macroaxis does not own or have any residual interests in ASA Gold And or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute ASA Gold's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell ASA GoldBuy ASA Gold
Strong Hold

Volatility

Details

Hype Condition

Details

Current Valuation

Details

Odds of Distress

Details

Economic Sensitivity

Details

Analyst Consensus

Not Available
Details

Reporting Quality (M-Score)

Details
For the selected time horizon ASA Gold And has a Risk Adjusted Performance of 0.0647, Jensen Alpha of 0.0117, Total Risk Alpha of (0.028924), Sortino Ratio of 0.0104 and Treynor Ratio of 0.0815
Our trade recommendation tool can cross-verify current analyst consensus on ASA Gold And and to analyze the company potential to grow in the future. To make sure ASA Gold And is not overpriced, please confirm all ASA Gold And fundamentals, including its price to book, cash and equivalents, and the relationship between the shares owned by institutions and gross profit . Given that ASA Gold And has a number of shares shorted of 5.9 K, we suggest you to validate ASA Gold market performance and probability of bankruptcy to ensure the company can sustain itself in the future given your latest risk tolerance and investing horizon.

ASA Gold Trading Alerts and Improvement Suggestions

On 23rd of November 2022 ASA Gold paid $ 0.01 per share dividend to its current shareholders
Latest headline from news.google.com: ASA Gold and Precious Metals Limited Short Interest Up 78.8 percent in November - MarketBeat

ASA Gold Returns Distribution Density

The distribution of ASA Gold's historical returns is an attempt to chart the uncertainty of ASA Gold's future price movements. The chart of the probability distribution of ASA Gold stock daily returns describes the distribution of returns around its average expected value. We use ASA Gold And price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of ASA Gold returns is essential to provide solid investment advice for ASA Gold.
Mean Return0.10Value At Risk-3.3
Potential Upside3.91Standard Deviation2.59
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of ASA Gold 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.

ASA Gold 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 ASA Gold or Capital Markets 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 ASA Gold's 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 ASA Gold 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
0.011722
β
Beta against NYSE Composite1.16
σ
Overall volatility
2.58
Ir
Information ratio 0.009

ASA Gold Volatility Alert

ASA Gold And currently demonstrates below-average downside deviation. It has Information Ratio of 0.01 and Jensen Alpha of 0.01. However, we advise investors to further question ASA Gold And expected returns to ensure all indicators are consistent with the current outlook about its relatively low value at risk. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure ASA Gold's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact ASA Gold's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

ASA Gold Fundamentals Vs Peers

Comparing ASA Gold's 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 ASA Gold's direct or indirect competition across all of the common fundamentals between ASA Gold and the related equities. This way, we can detect undervalued stocks with similar characteristics as ASA Gold or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of ASA Gold's fundamental indicators could also be used in its relative valuation, which is a method of valuing ASA Gold by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare ASA Gold to competition
FundamentalsASA GoldPeer Average
Return On Equity(0.37) %(0.31) %
Return On Asset(0.0026) %(0.14) %
Operating Margin(0.66) %(5.51) %
Current Valuation400.57 M16.62 B
Shares Outstanding19.29 M571.82 M
Shares Owned by Insiders0.30 %10.09 %
Shares Owned by Institutions49.81 %39.21 %
Number of Shares Shorted5.9 K4.71 M
Price to Earning1.70 X28.72 X
Price to Book0.70 X9.51 X
Price to Sales116.26 X11.42 X
Revenue19.35 M9.43 B
Gross Profit2.67 M27.38 B
EBITDA18.35 M3.9 B
Net Income18.35 M570.98 M
Cash and Equivalents1.19 M2.7 B
Cash per Share0.06 X5.01 X
Debt to Equity0.001 %48.70 %
Current Ratio2.78 X2.16 X
Book Value Per Share16.47 X1.93 K
Cash Flow from Operations18.35 M971.22 M
Short Ratio0.08 X4.00 X
Earnings Per Share0.95 X3.12 X
Beta0.98-0.15
Market Capitalization282.6 M19.03 B
Total Asset482.69 M29.47 B
Retained Earnings317.96 M9.33 B
Annual Yield0.0014 %
Five Year Return0.20 %
Net Asset482.69 M
Last Dividend Paid0.02
   Purchase by Bruce Hansen of tradable shares of ASA Gold [view details]

ASA Gold Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as ASA Gold . 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 ASA Gold Buy or Sell Advice

When is the right time to buy or sell ASA Gold And? Buying financial instruments such as ASA Gold 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.

Use Investing Ideas to Build Portfolios

In addition to having ASA Gold 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.

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Run Baby Boomer Prospects Thematic Idea Now

Baby Boomer Prospects
Baby Boomer Prospects Theme
Equities with large market capitalization that account for significant contribution to overall economic growth especially within dividend-paying instruments and stocks from healthcare and financial sectors. The Baby Boomer Prospects theme has 86 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Baby Boomer Prospects Theme or any other thematic opportunities.
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Please continue to ASA Gold 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. You can also try Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

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Is ASA Gold's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ASA Gold. If investors know ASA Gold will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ASA Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.3
Market Capitalization
282.6 M
Quarterly Revenue Growth YOY
0.49
Return On Assets
(0.0026) 
Return On Equity
(0.37) 
The market value of ASA Gold And is measured differently than its book value, which is the value of ASA Gold that is recorded on the company's balance sheet. Investors also form their own opinion of ASA Gold's value that differs from its market value or its book value, called intrinsic value, which is ASA Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ASA Gold's market value can be influenced by many factors that don't directly affect ASA Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ASA Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine ASA Gold value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ASA Gold'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.