We strongly advise to harness Goeasy fundamental analysis to see if markets are presently undervaluing or overvaluing the company. Simply put, you can make use of it to find out if goeasy is indeed mispriced or if you can make any profits on it by purchasing it and then waiting for the market to recognize its mistake and reprise the security. We have analyzed and interpolated thirty-seven available reported financial drivers for goeasy, which can be compared to its competitors. The stock experiences an unexpected downward movement. The market is reacting to new fundamentals. Check odds of Goeasy to be traded at C$169.85 in 90 days. Key indicators impacting Goeasy's financial strength include:
Understanding current and past Goeasy Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Goeasy's financial statements are interrelated, with each one affecting the others. For example, an increase in Goeasy's assets may result in an increase in income on the income statement.
Goeasy competes with Bird Construction, T2 Metals, Brookfield Office, Advent Wireless, and XXIX Metal. goeasy Ltd. provides loans and other financial services to consumers in Canada. The company was formerly known as easyhome Ltd. and changed its name to goeasy Ltd. in September 2015. goeasy Ltd. was founded in 1990 and is headquartered in Mississauga, Canada. GOEASY operates under Credit Services classification in Canada and is traded on Toronto Stock Exchange.
You should never invest in Goeasy without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Goeasy Stock, because this is throwing your money away. Analyzing the key information contained in Goeasy's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Goeasy Key Financial Ratios
Goeasy's financial ratios allow both analysts and investors to convert raw data from Goeasy's financial statements into concise, actionable information that can be used to evaluate the performance of Goeasy over time and compare it to other companies across industries.
Comparative valuation techniques use various fundamental indicators to help in determining Goeasy's current stock value. Our valuation model uses many indicators to compare Goeasy value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Goeasy competition to find correlations between indicators driving Goeasy's intrinsic value. More Info.
goeasy is one of the top stocks in return on equity category among its peers. It also is one of the top stocks in return on asset category among its peers reporting about 0.25 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for goeasy is roughly 4.00 . At this time, Goeasy's Return On Equity is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Goeasy by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Goeasy's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.
goeasy Systematic Risk
Goeasy's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Goeasy volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on goeasy correlated with the market. If Beta is less than 0 Goeasy generally moves in the opposite direction as compared to the market. If Goeasy Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one goeasy is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Goeasy is generally in the same direction as the market. If Beta > 1 Goeasy moves generally in the same direction as, but more than the movement of the benchmark.
goeasy Total Assets Over Time
Today, most investors in Goeasy Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Goeasy's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Goeasy growth as a starting point in their analysis.
Along with financial statement analysis, the daily predictive indicators of Goeasy help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of goeasy. We use our internally-developed statistical techniques to arrive at the intrinsic value of goeasy based on widely used predictive technical indicators. In general, we focus on analyzing Goeasy Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Goeasy's daily price indicators and compare them against related drivers.
Goeasy financial ratios help investors to determine whether Goeasy Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Goeasy with respect to the benefits of owning Goeasy security.