Proam Explorations Corp Stock Beta
| PMX Stock | CAD 0.05 0.00 0.00% |
ProAm Explorations Corp fundamentals help investors to digest information that contributes to ProAm Explorations' financial success or failures. It also enables traders to predict the movement of ProAm Stock. The fundamental analysis module provides a way to measure ProAm Explorations' 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 ProAm Explorations stock.
ProAm | Beta |
ProAm Explorations Corp Company Beta Analysis
ProAm Explorations' 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 ProAm Explorations Beta | 1.01 |
Most of ProAm Explorations' 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, ProAm Explorations Corp 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, ProAm Explorations Corp has a Beta of 1.015. This is 40.29% lower than that of the Oil, Gas & Consumable Fuels sector and 34.09% lower than that of the Energy industry. The beta for all Canada stocks is notably lower than that of the firm.
ProAm Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ProAm Explorations' 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 ProAm Explorations could also be used in its relative valuation, which is a method of valuing ProAm Explorations by comparing valuation metrics of similar companies.ProAm Explorations is currently under evaluation in beta category among its peers.
ProAm Explorations returns are very sensitive to returns on the market. As the market goes up or down, ProAm Explorations is expected to follow.
ProAm Fundamentals
| Return On Equity | -0.28 | ||||
| Return On Asset | -0.19 | ||||
| Operating Margin | 31.44 % | ||||
| Current Valuation | 390.02 K | ||||
| Shares Outstanding | 8.88 M | ||||
| Shares Owned By Insiders | 25.41 % | ||||
| Number Of Shares Shorted | 71 | ||||
| Price To Earning | 25.00 X | ||||
| Price To Book | 0.87 X | ||||
| Price To Sales | 117.06 X | ||||
| Revenue | 6.23 K | ||||
| Gross Profit | 19.84 K | ||||
| EBITDA | 28.16 K | ||||
| Net Income | (218.31 K) | ||||
| Cash And Equivalents | 13.24 K | ||||
| Total Debt | 49.04 K | ||||
| Debt To Equity | 0.06 % | ||||
| Current Ratio | 0.80 X | ||||
| Book Value Per Share | 0.06 X | ||||
| Cash Flow From Operations | (32.58 K) | ||||
| Short Ratio | 0.01 X | ||||
| Earnings Per Share | (0.01) X | ||||
| Beta | 1.01 | ||||
| Market Capitalization | 444.24 K | ||||
| Total Asset | 621.04 K | ||||
| Retained Earnings | (10.26 M) | ||||
| Working Capital | (16.48 K) | ||||
| Net Asset | 621.04 K |
About ProAm Explorations Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ProAm Explorations Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ProAm Explorations using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ProAm Explorations Corp 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 ProAm Stock Analysis
When running ProAm Explorations' price analysis, check to measure ProAm Explorations' 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 ProAm Explorations is operating at the current time. Most of ProAm Explorations' value examination focuses on studying past and present price action to predict the probability of ProAm Explorations' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ProAm Explorations' price. Additionally, you may evaluate how the addition of ProAm Explorations to your portfolios can decrease your overall portfolio volatility.