Millennial Potash Corp Stock Beta
| MLP Stock | 0.34 0.05 17.24% |
Millennial Potash Corp fundamentals help investors to digest information that contributes to Millennial Potash's financial success or failures. It also enables traders to predict the movement of Millennial Stock. The fundamental analysis module provides a way to measure Millennial Potash'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 Millennial Potash stock.
Millennial | Beta |
Millennial Potash Corp Company Beta Analysis
Millennial Potash'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 Millennial Potash Beta | 2.62 |
Most of Millennial Potash'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, Millennial Potash Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Millennial Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Millennial Potash is extremely important. It helps to project a fair market value of Millennial Stock properly, considering its historical fundamentals such as Beta. Since Millennial Potash'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 Millennial Potash'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 Millennial Potash'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, Millennial Potash Corp has a Beta of 2.619. This is 201.03% 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.
Millennial Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Millennial Potash'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 Millennial Potash could also be used in its relative valuation, which is a method of valuing Millennial Potash by comparing valuation metrics of similar companies.Millennial Potash 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, Millennial Potash will likely underperform.
Millennial Fundamentals
| Return On Equity | -0.38 | ||||
| Return On Asset | -0.22 | ||||
| Current Valuation | 19.85 M | ||||
| Shares Outstanding | 70.19 M | ||||
| Shares Owned By Insiders | 17.00 % | ||||
| Shares Owned By Institutions | 0.35 % | ||||
| Number Of Shares Shorted | 3.5 K | ||||
| Price To Book | 3.13 X | ||||
| EBITDA | (1.6 M) | ||||
| Net Income | (4.7 M) | ||||
| Total Debt | 496.75 K | ||||
| Book Value Per Share | 0.11 X | ||||
| Cash Flow From Operations | (3.43 M) | ||||
| Short Ratio | 0.02 X | ||||
| Earnings Per Share | (0.06) X | ||||
| Target Price | 1.52 | ||||
| Beta | 2.62 | ||||
| Market Capitalization | 20.36 M | ||||
| Total Asset | 6.92 M | ||||
| Retained Earnings | (8.63 M) | ||||
| Working Capital | 2.37 M | ||||
| Net Asset | 6.92 M |
About Millennial Potash Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Millennial Potash Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Millennial Potash using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Millennial Potash 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 Millennial Stock Analysis
When running Millennial Potash's price analysis, check to measure Millennial Potash'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 Millennial Potash is operating at the current time. Most of Millennial Potash's value examination focuses on studying past and present price action to predict the probability of Millennial Potash's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Millennial Potash's price. Additionally, you may evaluate how the addition of Millennial Potash to your portfolios can decrease your overall portfolio volatility.