Dominion Resources Black Stock Beta
| DOMR Stock | USD 0.0001 0.00 0.00% |
Fundamental analysis of Dominion Resources allows traders to better anticipate movements in Dominion Resources' stock price by examining its financial health and performance throughout various phases of its business cycle.
Dominion |
Dominion Resources Black Company Beta Analysis
Dominion 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 Dominion Resources Beta | 24.62 |
Most of Dominion 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, Dominion Resources Black 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, Dominion Resources Black has a Beta of 24.6206. This is much higher than that of the Oil, Gas & Consumable Fuels sector and significantly higher than that of the Energy industry. The beta for all United States stocks is notably lower than that of the firm.
Dominion Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Dominion Resources' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Dominion Resources could also be used in its relative valuation, which is a method of valuing Dominion Resources by comparing valuation metrics of similar companies.Dominion Resources 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, Dominion Resources will likely underperform.
Dominion Fundamentals
| Return On Equity | 0.53 | |||
| Return On Asset | 0.31 | |||
| Profit Margin | 0.65 % | |||
| Operating Margin | 0.65 % | |||
| Current Valuation | (7.72 K) | |||
| Shares Outstanding | 7.85 M | |||
| Number Of Shares Shorted | 355.77 K | |||
| Price To Book | 0.0005 X | |||
| Price To Sales | 0.0004 X | |||
| Revenue | 7.06 M | |||
| Gross Profit | 7.06 M | |||
| Net Income | 5.85 M | |||
| Cash And Equivalents | 9.29 K | |||
| Current Ratio | 0.01 X | |||
| Book Value Per Share | 0.41 X | |||
| Short Ratio | 5.73 X | |||
| Earnings Per Share | 0.01 X | |||
| Target Price | 75.0 | |||
| Beta | 24.62 | |||
| Market Capitalization | 1.57 K | |||
| Total Asset | 7.93 M | |||
| Working Capital | (690 K) | |||
| Current Asset | 9 K | |||
| Current Liabilities | 699 K | |||
| Five Year Return | 13.46 % | |||
| Net Asset | 7.93 M | |||
| Last Dividend Paid | 0.45 |
About Dominion Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Dominion Resources Black's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Dominion Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Dominion Resources Black 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.
Pair Trading with Dominion Resources
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Dominion Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Dominion Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Dominion Pink Sheet
| 0.84 | GWW | WW Grainger | PairCorr |
| 0.84 | ASTI | Ascent Solar Technol Tech Boost | PairCorr |
| 0.81 | CRRFY | Carrefour SA PK | PairCorr |
| 0.67 | BLMC | Biloxi Marsh Lands | PairCorr |
| 0.65 | CX | Cemex SAB de Aggressive Push | PairCorr |
The ability to find closely correlated positions to Dominion Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dominion Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Dominion Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Dominion Resources Black to buy it.
The correlation of Dominion Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dominion Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dominion Resources Black moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Dominion Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Dominion Pink Sheet Analysis
When running Dominion Resources' price analysis, check to measure Dominion 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 Dominion Resources is operating at the current time. Most of Dominion Resources' value examination focuses on studying past and present price action to predict the probability of Dominion Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dominion Resources' price. Additionally, you may evaluate how the addition of Dominion Resources to your portfolios can decrease your overall portfolio volatility.