Aldebaran Resources Stock Beta
| ALDE Stock | CAD 2.20 0.07 3.29% |
Aldebaran Resources fundamentals help investors to digest information that contributes to Aldebaran Resources' financial success or failures. It also enables traders to predict the movement of Aldebaran Stock. The fundamental analysis module provides a way to measure Aldebaran Resources' 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 Aldebaran Resources stock.
Aldebaran | Beta |
Aldebaran Resources Company Beta Analysis
Aldebaran Resources' 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.
Current Aldebaran Resources Beta | 1.15 |
Most of Aldebaran Resources' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Aldebaran Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Aldebaran Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Aldebaran Resources is extremely important. It helps to project a fair market value of Aldebaran Stock properly, considering its historical fundamentals such as Beta. Since Aldebaran Resources' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Aldebaran Resources' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Aldebaran Resources' interrelated accounts and indicators.
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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.
| Competition |
In accordance with the recently published financial statements, Aldebaran Resources has a Beta of 1.152. This is 32.41% higher than that of the Metals & Mining sector and about the same as Materials (which currently averages 1.17) industry. The beta for all Canada stocks is notably lower than that of the firm.
Aldebaran Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Aldebaran Resources' 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 Aldebaran Resources could also be used in its relative valuation, which is a method of valuing Aldebaran Resources by comparing valuation metrics of similar companies.Aldebaran Resources is currently under evaluation in beta category among its peers.
Aldebaran Resources Current Valuation Drivers
We derive many important indicators used in calculating different scores of Aldebaran Resources from analyzing Aldebaran Resources' financial statements. These drivers represent accounts that assess Aldebaran Resources' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Aldebaran Resources' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 24.1M | 57.1M | 80.5M | 123.2M | 161.4M | 42.1M | |
| Enterprise Value | 23.6M | 49.8M | 79.9M | 117.1M | 157.2M | 41.7M |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Aldebaran Resources will likely underperform.
Aldebaran Fundamentals
| Return On Equity | -0.0044 | ||||
| Return On Asset | -0.0362 | ||||
| Current Valuation | 370.3 M | ||||
| Shares Outstanding | 169.91 M | ||||
| Shares Owned By Insiders | 34.02 % | ||||
| Shares Owned By Institutions | 44.19 % | ||||
| Number Of Shares Shorted | 8.44 K | ||||
| Price To Book | 3.09 X | ||||
| Gross Profit | (20.39 K) | ||||
| EBITDA | (2.72 M) | ||||
| Net Income | (2.37 M) | ||||
| Cash And Equivalents | 9.85 M | ||||
| Cash Per Share | 0.13 X | ||||
| Total Debt | 820.61 K | ||||
| Current Ratio | 0.01 X | ||||
| Book Value Per Share | 0.71 X | ||||
| Cash Flow From Operations | (1.44 M) | ||||
| Short Ratio | 0.10 X | ||||
| Earnings Per Share | (0.01) X | ||||
| Target Price | 2.93 | ||||
| Beta | 1.15 | ||||
| Market Capitalization | 373.81 M | ||||
| Total Asset | 101.06 M | ||||
| Retained Earnings | (7.33 M) | ||||
| Working Capital | 6.21 M | ||||
| Net Asset | 101.06 M |
About Aldebaran Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Aldebaran Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Aldebaran Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Aldebaran Resources 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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Additional Tools for Aldebaran Stock Analysis
When running Aldebaran Resources' price analysis, check to measure Aldebaran Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Aldebaran Resources is operating at the current time. Most of Aldebaran Resources' value examination focuses on studying past and present price action to predict the probability of Aldebaran Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aldebaran Resources' price. Additionally, you may evaluate how the addition of Aldebaran Resources to your portfolios can decrease your overall portfolio volatility.