Nevada Sunrise Gold Stock Beta
| NEV Stock | CAD 0.02 0.01 33.33% |
Nevada Sunrise Gold fundamentals help investors to digest information that contributes to Nevada Sunrise's financial success or failures. It also enables traders to predict the movement of Nevada Stock. The fundamental analysis module provides a way to measure Nevada Sunrise'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 Nevada Sunrise stock.
Nevada | Beta |
Nevada Sunrise Gold Company Beta Analysis
Nevada Sunrise'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 Nevada Sunrise Beta | 1.16 |
Most of Nevada Sunrise'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, Nevada Sunrise Gold is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Nevada Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Nevada Sunrise is extremely important. It helps to project a fair market value of Nevada Stock properly, considering its historical fundamentals such as Beta. Since Nevada Sunrise'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 Nevada Sunrise'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 Nevada Sunrise'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, Nevada Sunrise Gold has a Beta of 1.16. This is 33.33% higher than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The beta for all Canada stocks is notably lower than that of the firm.
Nevada Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Nevada Sunrise'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 Nevada Sunrise could also be used in its relative valuation, which is a method of valuing Nevada Sunrise by comparing valuation metrics of similar companies.Nevada Sunrise is currently under evaluation in beta category among its peers.
Nevada Sunrise Current Valuation Drivers
We derive many important indicators used in calculating different scores of Nevada Sunrise from analyzing Nevada Sunrise's financial statements. These drivers represent accounts that assess Nevada Sunrise's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Nevada Sunrise's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 2.9M | 13.4M | 4.6M | 19.2M | 17.3M | 18.2M | |
| Enterprise Value | 2.9M | 12.3M | 4.6M | 17.2M | 15.4M | 16.2M |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Nevada Sunrise will likely underperform.
Nevada Fundamentals
| Return On Equity | -0.74 | |||
| Return On Asset | -0.39 | |||
| Current Valuation | (84.88 K) | |||
| Shares Outstanding | 110.26 M | |||
| Shares Owned By Insiders | 5.01 % | |||
| Number Of Shares Shorted | 146 | |||
| Price To Earning | (43.75) X | |||
| Price To Book | 1.27 X | |||
| Gross Profit | (1.32 K) | |||
| EBITDA | (2.69 M) | |||
| Net Income | (2.73 M) | |||
| Cash And Equivalents | 325.93 K | |||
| Total Debt | 310.12 K | |||
| Current Ratio | 0.55 X | |||
| Book Value Per Share | 0.01 X | |||
| Cash Flow From Operations | (2.47 M) | |||
| Short Ratio | 0.01 X | |||
| Earnings Per Share | (0.02) X | |||
| Beta | 1.16 | |||
| Market Capitalization | 2.21 M | |||
| Total Asset | 2 M | |||
| Retained Earnings | (27.93 M) | |||
| Working Capital | 212.59 K | |||
| Net Asset | 2 M |
About Nevada Sunrise Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Nevada Sunrise Gold's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nevada Sunrise using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nevada Sunrise Gold 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 Nevada Stock Analysis
When running Nevada Sunrise's price analysis, check to measure Nevada Sunrise'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 Nevada Sunrise is operating at the current time. Most of Nevada Sunrise's value examination focuses on studying past and present price action to predict the probability of Nevada Sunrise's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nevada Sunrise's price. Additionally, you may evaluate how the addition of Nevada Sunrise to your portfolios can decrease your overall portfolio volatility.