Kanoria Chemicals Industries Stock Beta
| KANORICHEM | 114.67 2.94 2.63% |
Kanoria Chemicals Industries fundamentals help investors to digest information that contributes to Kanoria Chemicals' financial success or failures. It also enables traders to predict the movement of Kanoria Stock. The fundamental analysis module provides a way to measure Kanoria Chemicals' 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 Kanoria Chemicals stock.
Kanoria | Beta |
Kanoria Chemicals Industries Company Beta Analysis
Kanoria Chemicals' 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 Kanoria Chemicals Beta | 0.63 |
Most of Kanoria Chemicals' 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, Kanoria Chemicals Industries 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, Kanoria Chemicals Industries has a Beta of 0.625. This is 28.16% lower than that of the Chemicals sector and significantly higher than that of the Materials industry. The beta for all India stocks is notably lower than that of the firm.
Did you try this?
Run Insider Screener Now
Insider ScreenerFind insiders across different sectors to evaluate their impact on performance |
| All Next | Launch Module |
As returns on the market increase, Kanoria Chemicals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Kanoria Chemicals is expected to be smaller as well.
Kanoria Fundamentals
| Return On Equity | -0.12 | |||
| Return On Asset | -0.0054 | |||
| Profit Margin | (0.03) % | |||
| Operating Margin | 0.01 % | |||
| Current Valuation | 10.11 B | |||
| Shares Outstanding | 43.69 M | |||
| Shares Owned By Insiders | 77.91 % | |||
| Price To Book | 0.86 X | |||
| Price To Sales | 0.34 X | |||
| Revenue | 14.55 B | |||
| Gross Profit | 4.73 B | |||
| EBITDA | 694.65 M | |||
| Net Income | (384 M) | |||
| Cash And Equivalents | 24.8 M | |||
| Total Debt | 5.09 B | |||
| Book Value Per Share | 130.44 X | |||
| Cash Flow From Operations | 375.74 M | |||
| Earnings Per Share | (11.84) X | |||
| Number Of Employees | 382 | |||
| Beta | 0.63 | |||
| Market Capitalization | 4.96 B | |||
| Total Asset | 14.9 B | |||
| Retained Earnings | 4.59 B | |||
| Working Capital | 538.4 M | |||
| Net Asset | 14.9 B |
About Kanoria Chemicals Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Kanoria Chemicals Industries's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Kanoria Chemicals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Kanoria Chemicals Industries 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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Kanoria Stock
Kanoria Chemicals financial ratios help investors to determine whether Kanoria 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 Kanoria with respect to the benefits of owning Kanoria Chemicals security.