Sona Nanotech Stock Beta
| SNANF Stock | USD 0.19 0.01 5.00% |
Sona Nanotech fundamentals help investors to digest information that contributes to Sona Nanotech's financial success or failures. It also enables traders to predict the movement of Sona OTC Stock. The fundamental analysis module provides a way to measure Sona Nanotech'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 Sona Nanotech otc stock.
Sona |
Sona Nanotech OTC Stock Beta Analysis
Sona Nanotech'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 Sona Nanotech Beta | -1.7 |
Most of Sona Nanotech'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, Sona Nanotech 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.
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In accordance with the recently published financial statements, Sona Nanotech has a Beta of -1.7015. This is 297.85% lower than that of the Healthcare sector and 218.16% lower than that of the Diagnostics & Research industry. The beta for all United States stocks is notably higher than that of the company.
Sona Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Sona Nanotech's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the otc stocks which would be a good addition to a portfolio. Peer analysis of Sona Nanotech could also be used in its relative valuation, which is a method of valuing Sona Nanotech by comparing valuation metrics of similar companies.Sona Nanotech is currently under evaluation in beta category among its peers.
As returns on the market increase, returns on owning Sona Nanotech are expected to decrease by larger amounts. On the other hand, during market turmoil, Sona Nanotech is expected to outperform it.
Sona Fundamentals
| Return On Asset | -2.39 | |||
| Current Valuation | 5.72 M | |||
| Shares Outstanding | 68.99 M | |||
| Shares Owned By Insiders | 13.60 % | |||
| Price To Book | 21.86 X | |||
| EBITDA | (10.28 M) | |||
| Net Income | (10.37 M) | |||
| Cash And Equivalents | 402.77 K | |||
| Cash Per Share | 0.01 X | |||
| Total Debt | 700.76 K | |||
| Debt To Equity | 2.91 % | |||
| Current Ratio | 1.05 X | |||
| Book Value Per Share | (0.01) X | |||
| Cash Flow From Operations | (3.81 M) | |||
| Earnings Per Share | (0.09) X | |||
| Beta | -1.7 | |||
| Market Capitalization | 6.98 M | |||
| Total Asset | 1.52 M | |||
| Z Score | -14.4 | |||
| Net Asset | 1.52 M |
About Sona Nanotech Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Sona Nanotech's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Sona Nanotech using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Sona Nanotech based on its fundamental data. In general, a quantitative approach, as applied to this otc stock, 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 Sona OTC Stock
Sona Nanotech financial ratios help investors to determine whether Sona OTC Stock 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 Sona with respect to the benefits of owning Sona Nanotech security.