Noco Noco Ordinary Share Stock Beta
| NCNC Stock | 0.03 0.07 69.20% |
noco noco Ordinary Share fundamentals help investors to digest information that contributes to Noco Noco's financial success or failures. It also enables traders to predict the movement of Noco Stock. The fundamental analysis module provides a way to measure Noco Noco'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 Noco Noco stock.
Noco | Beta |
noco noco Ordinary Share Company Beta Analysis
Noco Noco'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 Noco Noco Beta | 1.23 |
Most of Noco Noco'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, noco noco Ordinary Share is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Noco Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Noco Noco is extremely important. It helps to project a fair market value of Noco Stock properly, considering its historical fundamentals such as Beta. Since Noco Noco'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 Noco Noco'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 Noco Noco's interrelated accounts and indicators.
Click cells to compare fundamentals
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, noco noco Ordinary Share has a Beta of 1.233. This is 46.79% higher than that of the Automobile Components sector and significantly higher than that of the Consumer Discretionary industry. The beta for all United States stocks is notably lower than that of the firm.
Noco Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Noco Noco'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 Noco Noco could also be used in its relative valuation, which is a method of valuing Noco Noco by comparing valuation metrics of similar companies.Noco Noco 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, Noco Noco will likely underperform.
Noco Fundamentals
| Return On Asset | -25.07 | ||||
| Current Valuation | 20.26 M | ||||
| Shares Outstanding | 192.96 M | ||||
| Shares Owned By Insiders | 74.02 % | ||||
| Shares Owned By Institutions | 2.80 % | ||||
| Number Of Shares Shorted | 190.87 K | ||||
| EBITDA | (16.84 M) | ||||
| Net Income | (16.79 M) | ||||
| Total Debt | 209.75 K | ||||
| Book Value Per Share | (0.08) X | ||||
| Cash Flow From Operations | (2.98 M) | ||||
| Short Ratio | 0.01 X | ||||
| Earnings Per Share | (0.15) X | ||||
| Number Of Employees | 12 | ||||
| Beta | 1.23 | ||||
| Market Capitalization | 20.16 M | ||||
| Total Asset | 691.2 K | ||||
| Retained Earnings | (19.14 M) | ||||
| Working Capital | (304.45 K) | ||||
| Net Asset | 691.2 K |
About Noco Noco Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze noco noco Ordinary Share's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Noco Noco using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of noco noco Ordinary Share 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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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.When determining whether noco noco Ordinary offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Noco Noco's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Noco Noco Ordinary Share Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Noco Noco Ordinary Share Stock:Check out Noco Noco Piotroski F Score and Noco Noco Altman Z Score analysis. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Is Automotive Parts & Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Noco Noco. If investors know Noco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Noco Noco listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.15) | Return On Assets (25.07) |
The market value of noco noco Ordinary is measured differently than its book value, which is the value of Noco that is recorded on the company's balance sheet. Investors also form their own opinion of Noco Noco's value that differs from its market value or its book value, called intrinsic value, which is Noco Noco's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Noco Noco's market value can be influenced by many factors that don't directly affect Noco Noco's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Noco Noco's value and its price as these two are different measures arrived at by different means. Investors typically determine if Noco Noco is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Noco Noco's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.