Core Assets Corp Stock Beta
| CCOOF Stock | USD 0.04 0 8.82% |
Core Assets Corp fundamentals help investors to digest information that contributes to Core Assets' financial success or failures. It also enables traders to predict the movement of Core OTC Stock. The fundamental analysis module provides a way to measure Core Assets' 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 Core Assets otc stock.
Core |
Core Assets Corp OTC Stock Beta Analysis
Core Assets' 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 Core Assets Beta | -0.25 |
Most of Core Assets' 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, Core Assets Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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, Core Assets Corp has a Beta of -0.2529. This is 129.07% lower than that of the Basic Materials sector and significantly lower than that of the Other Industrial Metals & Mining industry. The beta for all United States stocks is 68.6% higher than that of the company.
Core Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Core Assets' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the otc stocks which would be a good addition to a portfolio. Peer analysis of Core Assets could also be used in its relative valuation, which is a method of valuing Core Assets by comparing valuation metrics of similar companies.Core Assets is currently under evaluation in beta category among its peers.
As returns on the market increase, returns on owning Core Assets are expected to decrease at a much lower rate. During the bear market, Core Assets is likely to outperform the market.
Core Fundamentals
| Return On Equity | -0.46 | |||
| Return On Asset | -0.27 | |||
| Current Valuation | 14.66 M | |||
| Shares Outstanding | 77.78 M | |||
| Shares Owned By Insiders | 28.49 % | |||
| Shares Owned By Institutions | 10.58 % | |||
| Price To Book | 4.21 X | |||
| EBITDA | (2.24 M) | |||
| Net Income | (2.22 M) | |||
| Cash And Equivalents | 3.05 M | |||
| Cash Per Share | 0.04 X | |||
| Current Ratio | 3.70 X | |||
| Book Value Per Share | 0.09 X | |||
| Cash Flow From Operations | (854.71 K) | |||
| Earnings Per Share | (0.02) X | |||
| Beta | -0.25 | |||
| Market Capitalization | 14.16 M | |||
| Total Asset | 7.1 M | |||
| Net Asset | 7.1 M |
About Core Assets Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Core Assets Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Core Assets using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Core Assets Corp based on its fundamental data. In general, a quantitative approach, as applied to this otc stock, 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 Core OTC Stock
Core Assets financial ratios help investors to determine whether Core OTC 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 Core with respect to the benefits of owning Core Assets security.