Envirogold Global Limited Stock Beta
| ESGLF Stock | USD 0.04 0 10.46% |
EnviroGold Global Limited fundamentals help investors to digest information that contributes to EnviroGold Global's financial success or failures. It also enables traders to predict the movement of EnviroGold OTC Stock. The fundamental analysis module provides a way to measure EnviroGold Global'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 EnviroGold Global otc stock.
EnviroGold |
EnviroGold Global Limited OTC Stock Beta Analysis
EnviroGold Global'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, EnviroGold Global Limited has a Beta of 0.0. This is 100.0% lower than that of the Basic Materials sector and about the same as Other Precious Metals & Mining (which currently averages 0.0) industry. The beta for all United States stocks is 100.0% lower than that of the firm.
EnviroGold Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses EnviroGold Global's 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 EnviroGold Global could also be used in its relative valuation, which is a method of valuing EnviroGold Global by comparing valuation metrics of similar companies.EnviroGold Global is currently under evaluation in beta category among its peers.
EnviroGold Fundamentals
| Return On Equity | -5.06 | |||
| Return On Asset | -2.12 | |||
| Current Valuation | 27.8 M | |||
| Shares Outstanding | 199.29 M | |||
| Shares Owned By Insiders | 52.71 % | |||
| Shares Owned By Institutions | 0.14 % | |||
| Price To Book | 9.15 X | |||
| Gross Profit | (1.18 M) | |||
| EBITDA | (8.86 M) | |||
| Net Income | (10.33 M) | |||
| Cash And Equivalents | 1.81 M | |||
| Cash Per Share | 0.01 X | |||
| Total Debt | 19.39 K | |||
| Debt To Equity | 0 % | |||
| Book Value Per Share | 0.02 X | |||
| Cash Flow From Operations | (3.23 M) | |||
| Earnings Per Share | 0.06 X | |||
| Market Capitalization | 29.63 M | |||
| Total Asset | 4.72 M | |||
| Net Asset | 4.72 M |
About EnviroGold Global Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze EnviroGold Global Limited's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of EnviroGold Global using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of EnviroGold Global Limited 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 EnviroGold OTC Stock
EnviroGold Global financial ratios help investors to determine whether EnviroGold 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 EnviroGold with respect to the benefits of owning EnviroGold Global security.