Paramount Gold Nevada Corp. (PZG)

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Paramount Gold Nevada Corp. (PZG) is up 10.3% since the beginning of the year. At $1 per share, PZG is trading 48.7% below its 52-week high of $3. Investors who bought $1,000 worth of PZG shares 5 years ago would now be looking at an investment worth $1,336.

Paramount Gold Nevada Corp. (PZG) has returned 10.32% so far this year and 138.10% over the past 12 months. Over the last ten years, PZG has returned -0.30% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.

Based on dividend-adjusted daily data since May 8, 2006, PZG's average daily return is +0.08%, while the average monthly return is +1.17%. At this rate, an investment would double in approximately 5.0 years.

Historically, 43% of months were positive and 57% were negative. The best month was Dec 2010 with a return of +124.2%, while the worst month was Oct 2008 at -43.7%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 9 months.

On a daily basis, PZG closed higher 44% of trading days. The best single day was Dec 10, 2010 with a return of +40.8%, while the worst single day was Dec 2, 2008 at -22.0%.

Paramount Gold Nevada Corp. has an annualized alpha of 12.55%, beta of 0.67, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since May 09, 2006.

• This stock participated in 106.13% of S&P 500 Index downside but only 44.76% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.67 may look defensive, but with R2 of 0.03 this stock is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this stock's risk.
• R2 of 0.03 means this stock moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

PZG ranks 82 for risk / return — in the top 82% of stocks on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Paramount Gold Nevada Corp. (PZG) and compare them to S&P 500 Index.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Paramount Gold Nevada Corp.. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Paramount Gold Nevada Corp. was 93.81%, occurring on Nov 19, 2008. Recovery took 568 trading sessions.

The current Paramount Gold Nevada Corp. drawdown is 68.55%.

The chart below shows the rolling one-month volatility.

The chart below illustrates the trends in the financial health of Paramount Gold Nevada Corp. over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.

The Valuation section provides an overview of how Paramount Gold Nevada Corp. is priced in the market compared to other companies in the Gold industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.