Caledonia Mining Corporation

10-Year Study

CMCL.US · Basic Materials · US · Common Stock

Executive Summary: Caledonia Mining Corporation has compounded at 23.1% annually over the last 10 years, with a maximum drawdown of 56.5% and an annualized volatility of 69.2%.

1Y CAGR
+56.2%
3Y CAGR
+33.7%
5Y CAGR
+16.2%
10Y CAGR
+23.1%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
56.5%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.70
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
1.26
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
52.1%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2025 · +186.7%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2018 · -26.3%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
60%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20264.915.7-29.313.4————————-2.7%
2025-0.27.224.06.730.913.01.930.641.6-22.310.1-15.1186.7%
2024-11.1-7.711.9-10.26.5-7.021.910.915.3-0.3-28.4-10.7-18.9%
202312.12.08.3-5.5-14.8-4.22.5-12.2-4.613.87.03.02.6%
2022-1.46.026.3-7.1-2.8-19.63.7-17.56.212.4-0.514.411.4%
2021-4.7-5.80.9-1.85.8-17.86.1-5.00.23.51.5-7.3-23.8%
202025.5-0.5-10.938.821.811.133.0-20.7-6.5-3.4-11.610.093.3%
201915.6-11.513.2-2.6-2.813.1-5.717.3-3.325.2-5.96.967.4%
20181.9-3.5-4.040.5-7.5-5.311.0-33.710.7-18.22.0-6.7-26.3%
201726.7-2.82.2-4.0-8.92.14.0-0.5-10.9-4.929.85.735.3%
2016———24.8-10.53.520.613.834.1-9.2-36.011.838.2%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 69.2%. The dominant macroeconomic risk driver is SHV.US, accounting for 58.9% of variance. Idiosyncratic stock-specific factors contribute 14.9%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0112484.476335035188
2016-05-0111176.693804332826
2016-06-0111568.92507244377
2016-07-0113955.084862701808
2016-08-0115879.674348006072
2016-09-0121293.2937767352
2016-10-0119327.30785152477
2016-11-0112366.84145163516
2016-12-0113821.581344004415
2017-01-0117506.209465985925
2017-02-0117016.351593762934
2017-03-0117383.74499793018
2017-04-0116691.734510832066
2017-05-0115208.017110528495
2017-06-0115529.529460466398
2017-07-0116151.510970056577
2017-08-0116072.857734234856
2017-09-0114322.823237201601
2017-10-0113624.948254450117
2017-11-0117682.48930591969
2017-12-0118694.28729129295
2018-01-0119049.606733820892
2018-02-0118385.883813991997
2018-03-0117644.887539671585
2018-04-0124787.498275148337
2018-05-0122934.662619014765
2018-06-0121722.43687042914
2018-07-0124107.90672002208
2018-08-0115985.2352697668
2018-09-0117697.668000551952
2018-10-0114473.920242859114
2018-11-0114767.834966192908
2018-12-0113775.700289775079
2019-01-0115931.07492755623
2019-02-0114102.042224368704
2019-03-0115969.366634469436
2019-04-0115552.642472747344
2019-05-0115123.844349385952
2019-06-0117108.113702221606
2019-07-0116134.607423761558
2019-08-0118926.45232510004
2019-09-0118302.74596384711
2019-10-0122906.37505174555
2019-11-0121563.750517455497
2019-12-0123056.09217607286
2020-01-0128925.76238443494
2020-02-0128787.77425141438
2020-03-0125638.195115220093
2020-04-0135584.034773009516
2020-05-0143328.27376845591
2020-06-0148136.470263557334
2020-07-0164020.62922588657
2020-08-0150758.589761280535
2020-09-0147436.18048847799
2020-10-0145827.583827790804
2020-11-0140495.72236787636
2020-12-0144564.647440320136
2021-01-0142466.19290740997
2021-02-0140008.27928798123
2021-03-0140375.32772181592
2021-04-0139646.405409134815
2021-05-0141954.946874568785
2021-06-0134487.37408582862
2021-07-0136606.52683869187
2021-08-0134791.9828894715
2021-09-0134849.59293500759
2021-10-0136064.92341658617
2021-11-0136617.91085966607
2021-12-0133939.906168069545
2022-01-0133457.637643162685
2022-02-0135460.53539395612
2022-03-0144796.812474127226
2022-04-0141601.69725403615
2022-05-0140443.631847661105
2022-06-0132515.52366496481
2022-07-0133722.57485856216
2022-08-0127826.341934593627
2022-09-0129541.189457706634
2022-10-0133213.053677383745
2022-11-0133060.57679039603
2022-12-0137818.40761694494
2023-01-0142382.020146267416
2023-02-0143244.44597764592
2023-03-0146817.30371188078
2023-04-0144223.12681109425
2023-05-0137670.41534428039
2023-06-0136086.65654753691
2023-07-0136989.44390782393
2023-08-0132467.57278874017
2023-09-0130960.3974058231
2023-10-0135223.540775493304
2023-11-0137705.25734786808
2023-12-0138818.821581344004
2024-01-0134495.3084034773
2024-02-0131854.21553746378
2024-03-0135654.75369118256
2024-04-0132004.277632123638
2024-05-0134092.038084724714
2024-06-0131710.707879122394
2024-07-0138655.65061404719
2024-08-0142884.64192079481
2024-09-0149426.31433696702
2024-10-0149261.0735476749
2024-11-0135264.24727473438
2024-12-0131483.717400303576
2025-01-0131416.793155788604
2025-02-0133691.87249896509
2025-03-0141788.32620394646
2025-04-0144570.16696564096
2025-05-0158360.011039050645
2025-06-0165936.59445287706
2025-07-0167199.53084034774
2025-08-0187787.70525734787
2025-09-01124269.00786532357
2025-10-0196504.76059058921
2025-11-01106285.35945908653
2025-12-0190278.73602870153
2026-01-0194659.85925210433
2026-02-01109493.58355181455
2026-03-0177465.15799641231
2026-04-0187863.94370084173
Annual Return Matrix
YearAnnual Return
20170.3525433035491441
2018-0.26310641988522077
20190.6736784113389929
20200.9328794793147301
2021-0.23841187763190486
20220.11427555013467505
20230.02645309592439893
2024-0.18895741504336705
20251.8674738399167263
2026-0.02674818494459319
Total Factor Risk
0.6918884923406866
VTI.US Exposure
0.02322563588868902
VEA.US Exposure
0.08340174196233188
VWO.US Exposure
-0.0033978609583063943
QQQ.US Exposure
0.004846049606418479
VTV.US Exposure
0.0030070745899578957
IJR.US Exposure
0.0026189836504314865
QUAL.US Exposure
-0.016360635305093678
SHV.US Exposure
0.5894318077813141
TLT.US Exposure
-0.008596685749756732
LQD.US Exposure
0.010464853967030818
HYG.US Exposure
-0.005457084471920604
GLD.US Exposure
0.08073053326490613
USO.US Exposure
0.0042505176528832645
VNQ.US Exposure
-0.02055444454452239
BTC-USD.CC Exposure
0.011484900971620178
CPER.US Exposure
0.016853544041289196
VIX.INDX Exposure
-0.006560631492490091
UUP.US Exposure
0.05485571749172791
TIP.US Exposure
0.026857948270324592
Idiosyncratic Exposure
0.14889803338316507
Value Score
0
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
28.4
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
69.2%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →789.0x
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →2.37%
Market Cap$456.9M
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$483
Avg Yield on Cost
4.83%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$482.964.83%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-3.7%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-6.7%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
32.1% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
0.62
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Caledonia Mining Corporation a high-risk investment?

Caledonia Mining Corporation (CMCL.US) has an annualized volatility of 69.2% and experienced a maximum drawdown of 56.5% over the last 10 years. Its primary macro risk driver is SHV.US.

What is the 10-year return of CMCL.US?

Over the past 10 years, CMCL.US has generated a Compound Annual Growth Rate (CAGR) of 23.1%. It has had a positive return in 60% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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