Nobel Resources Corp Stock Beta
| NBTRF Stock | USD 0.03 0.0006 2.44% |
Nobel Resources Corp fundamentals help investors to digest information that contributes to Nobel Resources' financial success or failures. It also enables traders to predict the movement of Nobel OTC Stock. The fundamental analysis module provides a way to measure Nobel Resources' 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 Nobel Resources otc stock.
Nobel |
Nobel Resources Corp OTC Stock Beta Analysis
Nobel Resources' 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, Nobel Resources Corp has a Beta of 0.0. This is 100.0% lower than that of the Basic Materials sector and about the same as Other Industrial Metals & Mining (which currently averages 0.0) industry. The beta for all United States stocks is 100.0% lower than that of the firm.
Nobel Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Nobel Resources' 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 Nobel Resources could also be used in its relative valuation, which is a method of valuing Nobel Resources by comparing valuation metrics of similar companies.Nobel Resources is currently under evaluation in beta category among its peers.
Nobel Fundamentals
| Return On Equity | -6.49 | |||
| Return On Asset | -3.18 | |||
| Current Valuation | 125.42 K | |||
| Shares Outstanding | 77.13 M | |||
| Shares Owned By Insiders | 11.24 % | |||
| Price To Book | 4.54 X | |||
| EBITDA | (14.83 M) | |||
| Net Income | (10.54 M) | |||
| Cash And Equivalents | 1.56 M | |||
| Cash Per Share | 0.02 X | |||
| Total Debt | 7.4 K | |||
| Debt To Equity | 0 % | |||
| Current Ratio | 6.02 X | |||
| Book Value Per Share | 0.01 X | |||
| Cash Flow From Operations | (8.32 M) | |||
| Earnings Per Share | (0.15) X | |||
| Market Capitalization | 3.73 M | |||
| Total Asset | 4.34 M | |||
| Net Asset | 4.34 M |
About Nobel Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Nobel Resources Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nobel Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nobel Resources Corp 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 Nobel OTC Stock
Nobel Resources financial ratios help investors to determine whether Nobel 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 Nobel with respect to the benefits of owning Nobel Resources security.