Majestic Gold Corp Stock Beta
| MJS Stock | CAD 0.08 0.00 0.00% |
Majestic Gold Corp fundamentals help investors to digest information that contributes to Majestic Gold's financial success or failures. It also enables traders to predict the movement of Majestic Stock. The fundamental analysis module provides a way to measure Majestic Gold'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 Majestic Gold stock.
Majestic | Beta |
Majestic Gold Corp Company Beta Analysis
Majestic Gold'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 Majestic Gold Beta | 1.29 |
Most of Majestic Gold'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, Majestic Gold Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Majestic Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Majestic Gold is extremely important. It helps to project a fair market value of Majestic Stock properly, considering its historical fundamentals such as Beta. Since Majestic Gold'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 Majestic Gold'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 Majestic Gold'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, Majestic Gold Corp has a Beta of 1.288. This is 48.05% 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.
Majestic Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Majestic Gold'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 Majestic Gold could also be used in its relative valuation, which is a method of valuing Majestic Gold by comparing valuation metrics of similar companies.Majestic Gold 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, Majestic Gold will likely underperform.
Majestic Fundamentals
| Return On Equity | 0.12 | ||||
| Return On Asset | 0.0839 | ||||
| Profit Margin | 0.14 % | ||||
| Operating Margin | 0.45 % | ||||
| Current Valuation | 21.62 M | ||||
| Shares Outstanding | 1.04 B | ||||
| Shares Owned By Insiders | 12.81 % | ||||
| Number Of Shares Shorted | 22.14 K | ||||
| Price To Earning | 12.00 X | ||||
| Price To Book | 0.51 X | ||||
| Price To Sales | 1.30 X | ||||
| Revenue | 55.03 M | ||||
| Gross Profit | 25.78 M | ||||
| EBITDA | 26.53 M | ||||
| Net Income | 12.23 M | ||||
| Cash And Equivalents | 22.62 M | ||||
| Cash Per Share | 0.02 X | ||||
| Total Debt | 4.29 M | ||||
| Debt To Equity | 18.50 % | ||||
| Current Ratio | 1.11 X | ||||
| Book Value Per Share | 0.11 X | ||||
| Cash Flow From Operations | 24.49 M | ||||
| Short Ratio | 0.11 X | ||||
| Earnings Per Share | 0.02 X | ||||
| Beta | 1.29 | ||||
| Market Capitalization | 78.2 M | ||||
| Total Asset | 187.23 M | ||||
| Retained Earnings | (27.2 M) | ||||
| Working Capital | 76.46 M | ||||
| Annual Yield | 0.09 % | ||||
| Net Asset | 187.23 M |
About Majestic Gold Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Majestic Gold Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Majestic Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Majestic Gold 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 Majestic Stock Analysis
When running Majestic Gold's price analysis, check to measure Majestic Gold'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 Majestic Gold is operating at the current time. Most of Majestic Gold's value examination focuses on studying past and present price action to predict the probability of Majestic Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Majestic Gold's price. Additionally, you may evaluate how the addition of Majestic Gold to your portfolios can decrease your overall portfolio volatility.