Permex Petroleum Stock Beta
| OILCF Stock | USD 2.54 0.16 5.93% |
Permex Petroleum fundamentals help investors to digest information that contributes to Permex Petroleum's financial success or failures. It also enables traders to predict the movement of Permex Pink Sheet. The fundamental analysis module provides a way to measure Permex Petroleum'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 Permex Petroleum pink sheet.
Permex |
Permex Petroleum Company Beta Analysis
Permex Petroleum'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 Permex Petroleum Beta | 4.05 |
Most of Permex Petroleum'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, Permex Petroleum is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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, Permex Petroleum has a Beta of 4.0532. This is 138.42% higher than that of the Energy sector and 163.19% higher than that of the Oil & Gas E&P industry. The beta for all United States stocks is notably lower than that of the firm.
Permex Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Permex Petroleum's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Permex Petroleum could also be used in its relative valuation, which is a method of valuing Permex Petroleum by comparing valuation metrics of similar companies.Permex Petroleum 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, Permex Petroleum will likely underperform.
Permex Fundamentals
| Return On Equity | -0.34 | |||
| Return On Asset | -0.17 | |||
| Current Valuation | 929.07 K | |||
| Shares Outstanding | 1.93 M | |||
| Shares Owned By Insiders | 32.57 % | |||
| Shares Owned By Institutions | 9.58 % | |||
| Price To Book | 0.57 X | |||
| Price To Sales | 6.82 X | |||
| Revenue | 106.89 K | |||
| Gross Profit | 49.27 K | |||
| EBITDA | (1.43 M) | |||
| Net Income | (1.59 M) | |||
| Cash And Equivalents | 5.37 M | |||
| Cash Per Share | 0.05 X | |||
| Total Debt | 40 K | |||
| Debt To Equity | 0.01 % | |||
| Current Ratio | 5.49 X | |||
| Book Value Per Share | 5.98 X | |||
| Cash Flow From Operations | (951.57 K) | |||
| Earnings Per Share | (0.03) X | |||
| Beta | 4.05 | |||
| Market Capitalization | 11.54 M | |||
| Total Asset | 10.37 M | |||
| Net Asset | 10.37 M |
About Permex Petroleum Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Permex Petroleum's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Permex Petroleum using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Permex Petroleum 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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Other Information on Investing in Permex Pink Sheet
Permex Petroleum financial ratios help investors to determine whether Permex Pink Sheet 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 Permex with respect to the benefits of owning Permex Petroleum security.