Gold79 Mines Stock Beta
| AUU Stock | CAD 0.30 0.02 6.25% |
Gold79 Mines fundamentals help investors to digest information that contributes to Gold79 Mines' financial success or failures. It also enables traders to predict the movement of Gold79 Stock. The fundamental analysis module provides a way to measure Gold79 Mines' 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 Gold79 Mines stock.
Gold79 | Beta |
Gold79 Mines Company Beta Analysis
Gold79 Mines' 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 Gold79 Mines Beta | 2.15 |
Most of Gold79 Mines' 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, Gold79 Mines is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Gold79 Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Gold79 Mines is extremely important. It helps to project a fair market value of Gold79 Stock properly, considering its historical fundamentals such as Beta. Since Gold79 Mines' 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 Gold79 Mines' 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 Gold79 Mines' interrelated accounts and indicators.
Click cells to compare fundamentals
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, Gold79 Mines has a Beta of 2.145. This is 146.55% higher than that of the Metals & Mining sector and 83.33% higher than that of the Materials industry. The beta for all Canada stocks is notably lower than that of the firm.
Gold79 Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Gold79 Mines' 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 Gold79 Mines could also be used in its relative valuation, which is a method of valuing Gold79 Mines by comparing valuation metrics of similar companies.Gold79 Mines is currently under evaluation in beta category among its peers.
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Gold79 Mines will likely underperform.
Gold79 Fundamentals
| Return On Equity | -0.0824 | ||||
| Return On Asset | -0.045 | ||||
| Current Valuation | 9.38 M | ||||
| Shares Outstanding | 31.07 M | ||||
| Shares Owned By Insiders | 8.48 % | ||||
| Shares Owned By Institutions | 1.91 % | ||||
| Number Of Shares Shorted | 24 | ||||
| Price To Earning | (35.00) X | ||||
| Price To Book | 1.29 X | ||||
| Gross Profit | (960) | ||||
| EBITDA | (656.52 K) | ||||
| Net Income | (420.38 K) | ||||
| Cash And Equivalents | 150.42 K | ||||
| Total Debt | 195.83 K | ||||
| Current Ratio | 0.45 X | ||||
| Book Value Per Share | 0.23 X | ||||
| Cash Flow From Operations | (270.23 K) | ||||
| Short Ratio | 0.12 X | ||||
| Earnings Per Share | (0.03) X | ||||
| Beta | 2.15 | ||||
| Market Capitalization | 9.32 M | ||||
| Total Asset | 5.07 M | ||||
| Retained Earnings | (20.94 M) | ||||
| Working Capital | (65.55 K) | ||||
| Net Asset | 5.07 M |
About Gold79 Mines Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Gold79 Mines's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Gold79 Mines using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Gold79 Mines 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 Gold79 Stock Analysis
When running Gold79 Mines' price analysis, check to measure Gold79 Mines' 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 Gold79 Mines is operating at the current time. Most of Gold79 Mines' value examination focuses on studying past and present price action to predict the probability of Gold79 Mines' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gold79 Mines' price. Additionally, you may evaluate how the addition of Gold79 Mines to your portfolios can decrease your overall portfolio volatility.