Quantum Numbers Stock Beta
| QNC Stock | CAD 0.13 0.02 18.18% |
Quantum Numbers fundamentals help investors to digest information that contributes to Quantum Numbers' financial success or failures. It also enables traders to predict the movement of Quantum Stock. The fundamental analysis module provides a way to measure Quantum Numbers' 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 Quantum Numbers stock.
Quantum | Beta |
Quantum Numbers Company Beta Analysis
Quantum Numbers' 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 Quantum Numbers Beta | 1.78 |
Most of Quantum Numbers' 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, Quantum Numbers is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Quantum Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Quantum Numbers is extremely important. It helps to project a fair market value of Quantum Stock properly, considering its historical fundamentals such as Beta. Since Quantum Numbers' 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 Quantum Numbers' 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 Quantum Numbers' 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, Quantum Numbers has a Beta of 1.777. This is 67.64% higher than that of the Semiconductors & Semiconductor Equipment sector and 63.03% higher than that of the Information Technology industry. The beta for all Canada stocks is notably lower than that of the firm.
Quantum Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Quantum Numbers' 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 Quantum Numbers could also be used in its relative valuation, which is a method of valuing Quantum Numbers by comparing valuation metrics of similar companies.Quantum Numbers is currently under evaluation in beta category among its peers.
Quantum Numbers Current Valuation Drivers
We derive many important indicators used in calculating different scores of Quantum Numbers from analyzing Quantum Numbers' financial statements. These drivers represent accounts that assess Quantum Numbers' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Quantum Numbers' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 6.6M | 11.5M | 6.1M | 16.6M | 15.0M | 15.7M | |
| Enterprise Value | 5.7M | 11.2M | 6.1M | 15.7M | 14.1M | 14.8M |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Quantum Numbers will likely underperform.
Quantum Fundamentals
| Return On Equity | -1.41 | ||||
| Return On Asset | -0.64 | ||||
| Current Valuation | 15.79 M | ||||
| Shares Outstanding | 150.5 M | ||||
| Shares Owned By Insiders | 4.46 % | ||||
| Number Of Shares Shorted | 1.68 K | ||||
| Price To Book | 17.00 X | ||||
| EBITDA | (2.25 M) | ||||
| Net Income | (2.39 M) | ||||
| Cash And Equivalents | 560.24 K | ||||
| Cash Per Share | 0.01 X | ||||
| Total Debt | 40 K | ||||
| Current Ratio | 21.21 X | ||||
| Book Value Per Share | 0.01 X | ||||
| Cash Flow From Operations | (2.08 M) | ||||
| Earnings Per Share | (0.02) X | ||||
| Beta | 1.78 | ||||
| Market Capitalization | 16.56 M | ||||
| Total Asset | 1.65 M | ||||
| Retained Earnings | (13.16 M) | ||||
| Working Capital | 1.11 M | ||||
| Net Asset | 1.65 M |
About Quantum Numbers Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Quantum Numbers's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Quantum Numbers using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Quantum Numbers 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 Quantum Stock Analysis
When running Quantum Numbers' price analysis, check to measure Quantum Numbers' 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 Quantum Numbers is operating at the current time. Most of Quantum Numbers' value examination focuses on studying past and present price action to predict the probability of Quantum Numbers' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quantum Numbers' price. Additionally, you may evaluate how the addition of Quantum Numbers to your portfolios can decrease your overall portfolio volatility.