Wag Group Co Stock Beta
| PETWW Stock | USD 0.02 0.0003 1.56% |
Wag Group Co fundamentals help investors to digest information that contributes to Wag Group's financial success or failures. It also enables traders to predict the movement of Wag Stock. The fundamental analysis module provides a way to measure Wag Group'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 Wag Group stock.
Wag | Beta |
Wag Group Co Company Beta Analysis
Wag Group'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 Wag Group Beta | 1.28 |
Most of Wag Group'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, Wag Group Co is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Wag Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Wag Group is extremely important. It helps to project a fair market value of Wag Stock properly, considering its historical fundamentals such as Beta. Since Wag Group'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 Wag Group'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 Wag Group'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, Wag Group Co has a Beta of 1.28. This is 20.75% higher than that of the Software sector and significantly higher than that of the Information Technology industry. The beta for all United States stocks is notably lower than that of the firm.
Wag Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Wag Group'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 Wag Group could also be used in its relative valuation, which is a method of valuing Wag Group by comparing valuation metrics of similar companies.Wag Group 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, Wag Group will likely underperform.
Wag Fundamentals
| Return On Equity | -5.15 | ||||
| Return On Asset | -0.13 | ||||
| Profit Margin | (0.21) % | ||||
| Operating Margin | (0.33) % | ||||
| Number Of Shares Shorted | 5.12 K | ||||
| Revenue | 83.92 M | ||||
| EBITDA | (4.69 M) | ||||
| Net Income | (13.32 M) | ||||
| Total Debt | 28.62 M | ||||
| Book Value Per Share | 0.05 X | ||||
| Cash Flow From Operations | (6.46 M) | ||||
| Number Of Employees | 84 | ||||
| Beta | 1.28 | ||||
| Total Asset | 46.7 M | ||||
| Retained Earnings | (161.73 M) | ||||
| Working Capital | 13.38 M | ||||
| Net Asset | 46.7 M |
About Wag Group Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Wag Group Co's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Wag Group using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Wag Group Co 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.Additional Tools for Wag Stock Analysis
When running Wag Group's price analysis, check to measure Wag Group'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 Wag Group is operating at the current time. Most of Wag Group's value examination focuses on studying past and present price action to predict the probability of Wag Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wag Group's price. Additionally, you may evaluate how the addition of Wag Group to your portfolios can decrease your overall portfolio volatility.