Fortune Bay Corp Stock Beta
| FOR Stock | CAD 0.26 0.01 3.70% |
Fortune Bay Corp fundamentals help investors to digest information that contributes to Fortune Bay's financial success or failures. It also enables traders to predict the movement of Fortune Stock. The fundamental analysis module provides a way to measure Fortune Bay'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 Fortune Bay stock.
Fortune | Beta |
Fortune Bay Corp Company Beta Analysis
Fortune Bay'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.
Current Fortune Bay Beta | 1.68 |
Most of Fortune Bay's 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, Fortune Bay Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Fortune Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Fortune Bay is extremely important. It helps to project a fair market value of Fortune Stock properly, considering its historical fundamentals such as Beta. Since Fortune Bay's 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 Fortune Bay's 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 Fortune Bay's 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, Fortune Bay Corp has a Beta of 1.676. This is 92.64% higher than that of the Metals & Mining sector and notably higher than that of the Materials industry. The beta for all Canada stocks is notably lower than that of the firm.
Fortune Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Fortune Bay's 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 Fortune Bay could also be used in its relative valuation, which is a method of valuing Fortune Bay by comparing valuation metrics of similar companies.Fortune Bay is currently under evaluation in beta category among its peers.
Fortune Bay Current Valuation Drivers
We derive many important indicators used in calculating different scores of Fortune Bay from analyzing Fortune Bay's financial statements. These drivers represent accounts that assess Fortune Bay's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Fortune Bay's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 8.4M | 29.7M | 24.9M | 13.3M | 12.0M | 11.5M | |
| Enterprise Value | 8.7M | 26.9M | 18.4M | 12.8M | 11.5M | 10.1M |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Fortune Bay will likely underperform.
Fortune Fundamentals
| Return On Equity | -0.0558 | ||||
| Return On Asset | -0.026 | ||||
| Current Valuation | 12.91 M | ||||
| Shares Outstanding | 48.68 M | ||||
| Shares Owned By Insiders | 14.90 % | ||||
| Shares Owned By Institutions | 9.39 % | ||||
| Number Of Shares Shorted | 80 | ||||
| Price To Book | 0.57 X | ||||
| Gross Profit | (149.51 K) | ||||
| EBITDA | (1.3 M) | ||||
| Net Income | (1.39 M) | ||||
| Cash And Equivalents | 3.69 M | ||||
| Cash Per Share | 0.11 X | ||||
| Total Debt | 499.2 K | ||||
| Debt To Equity | 0.01 % | ||||
| Current Ratio | 4.23 X | ||||
| Book Value Per Share | 0.48 X | ||||
| Cash Flow From Operations | (714.35 K) | ||||
| Short Ratio | 0.01 X | ||||
| Earnings Per Share | (0.02) X | ||||
| Beta | 1.68 | ||||
| Market Capitalization | 12.66 M | ||||
| Total Asset | 24.72 M | ||||
| Retained Earnings | 4.08 M | ||||
| Working Capital | (147.53 K) | ||||
| Net Asset | 24.72 M |
About Fortune Bay Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Fortune Bay Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Fortune Bay using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Fortune Bay Corp 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 Fortune Stock Analysis
When running Fortune Bay's price analysis, check to measure Fortune Bay's 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 Fortune Bay is operating at the current time. Most of Fortune Bay's value examination focuses on studying past and present price action to predict the probability of Fortune Bay's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortune Bay's price. Additionally, you may evaluate how the addition of Fortune Bay to your portfolios can decrease your overall portfolio volatility.