Carnaby Resources (ASX:CNB) Volatility: 72.85% (As of Jul. 15, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ASX:CNB Carnaby Resources Ltd ASX:CNB
33 GF Score
Price A$0.54
! 1 Warning Sign
View Full Analysis

What is Carnaby Resources Volatility?

Carnaby Resources ASX:CNB +0.94% 33 Volatility is 72.85% as of Jul. 15, 2026. GuruFocus rates ASX:CNB with a GF Score™ of 33/100. The stock has 1 warning sign investors should review.

Volatility is a statistical measure of the dispersion of returns for a given security or market index, it shows how the price swings around its mean. The volatility here is measured as the annualized standard deviation between monthly returns from the security over the past year. In most cases, the higher the volatility, the riskier the security.

As of today (2026-07-15), Carnaby Resources's Volatility is 72.85%.

Carnaby Resources  (ASX:CNB) Volatility Explanation

Volatility is a statistical measure of the dispersion of returns for a given security or market index. It’s often measured as standard deviation or variance of historical returns over a certain period. The volatility here is measured as the annualized standard deviation between monthly returns from the security over the past year.

Volatility reflects the uncertainty or risk of a security’s value. Generally speaking, a higher volatility suggests a higher risk, because it implies a wider fluctuation around average price. This means the price of the security can change dramatically in either direction within a short period. Conversely, a lower volatility means that the security's price is more steady, which suggests a lower risk.

Another measurement of relative volatility is Beta. Beta is a measure of systematic risk of a security or a portfolio in comparison to the market as a whole. Beta is usually compared to 1. A beta of greater than 1 indicates that the security's price will be more volatile than the market.

Carnaby Resources Volatility Related Terms

ASX:CNB vs HL: Volatility Comparison

For the Other Precious Metals & Mining subindustry, Carnaby Resources's Volatility, along with its competitors' market caps and Volatility data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Carnaby Resources Volatility vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Carnaby Resources's Volatility distribution charts can be found below:

* The bar in red indicates where Carnaby Resources's Volatility falls into.


ASX:CNB
33GF Score
Carnaby Resources Ltd ASX:CNB
Volatility is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Carnaby Resources  (ASX:CNB) Volatility Calculation

The annualized volatility is calculated as following:

σA=σM * √12
=√ 1/(n-1) ∑(Ri - R')^2 * √12

Where: σM is the monthly volatility, n is the number of months in the period, Ri is the security's historical monthly returns and R' is the arithmetic mean of monthly returns.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Volatility →
What does a Volatility of 72.85% mean?
Carnaby Resources (ASX:CNB) has a Volatility of 72.85% as of Jul. 15, 2026. Volatility is measured as the annualized standard deviation between monthly returns from the security over the past year. View historical data on Carnaby Resources and its competitors.
Is Carnaby Resources' Volatility too high?
Carnaby Resources' current Volatility is 72.85%. Overall, Carnaby Resources has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Carnaby Resources' Volatility compare to HL?
Carnaby Resources' Volatility of 72.85% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Volatility for a Metals & Mining company?
A good Volatility depends on the Metals & Mining industry context. However, Volatility should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Volatility mean?
A high Volatility can signal that a stock is expensive relative to its fundamentals. Volatility is measured as the annualized standard deviation between monthly returns from the security over the past year. View historical data on Carnaby Resources and its competitors. Carnaby Resources's current Volatility is 72.85%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carnaby Resources stock overvalued right now?
Carnaby Resources (ASX:CNB) has a current Volatility of 72.85%. The current Volatility is 72.85%. Carnaby Resources' overall GF Score™ is 33/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Volatility calculated?
Volatility is calculated from a company's financial statements. For Carnaby Resources (ASX:CNB), the current Volatility is 72.85% as of Jul. 15, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Carnaby Resources Business Description

Other Exchanges 1FI:Germany
Address 78 Churchill Avenue, Subiaco, Perth, WA, AUS, 6008
Carnaby Resources Ltd is an Australia-based mineral exploration company. It is engaged in acquiring, exploring, and developing gold and other mineral deposits. Its projects are located in established mining provinces of the Mount Isa Inlier of Queensland and the Pilbara and Yilgarn Margin of Western Australia. Some of the projects in which the company is engaged are the Greater Duchess Copper and Gold Project, Strelley Gold Project, Hemi Gold Deposit, Big Hill Gold and Lithium, Malmac, Throssel, Pardoo Gold and Lithium, Devoncourt, and Mount Grant Gold and Lithium project among others.
33GF Score

Get the complete analysis for ASX:CNB

Volatility is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$0.54
Price