New Millennium Iron Stock Beta
| 36N Stock | EUR 8.00 0.05 0.62% |
NEW MILLENNIUM IRON fundamentals help investors to digest information that contributes to NEW MILLENNIUM's financial success or failures. It also enables traders to predict the movement of NEW Stock. The fundamental analysis module provides a way to measure NEW MILLENNIUM's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to NEW MILLENNIUM stock.
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NEW MILLENNIUM IRON Company Beta Analysis
NEW MILLENNIUM's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, NEW MILLENNIUM IRON has a Beta of 0.0. This indicator is about the same for the average (which is currently at 0.0) sector and about the same as Other (which currently averages 0.0) industry. This indicator is about the same for all Germany stocks average (which is currently at 0.0).
NEW Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses NEW MILLENNIUM's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of NEW MILLENNIUM could also be used in its relative valuation, which is a method of valuing NEW MILLENNIUM by comparing valuation metrics of similar companies.NEW MILLENNIUM is currently under evaluation in beta category among its peers.
NEW Fundamentals
| Current Valuation | 134.11 M | |||
| Price To Book | 10.39 X | |||
| EBITDA | (12.91 M) | |||
| Net Income | (11.93 M) | |||
| Cash Flow From Operations | (10.96 M) | |||
| Number Of Employees | 25 | |||
| Total Asset | 29.29 M | |||
| Net Asset | 29.29 M |
About NEW MILLENNIUM Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze NEW MILLENNIUM IRON's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NEW MILLENNIUM using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NEW MILLENNIUM IRON based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Other Information on Investing in NEW Stock
NEW MILLENNIUM financial ratios help investors to determine whether NEW 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 NEW with respect to the benefits of owning NEW MILLENNIUM security.