Sirios Resources Stock Beta
| SOI Stock | CAD 0.05 0.01 16.67% |
Sirios Resources fundamentals help investors to digest information that contributes to Sirios Resources' financial success or failures. It also enables traders to predict the movement of Sirios Stock. The fundamental analysis module provides a way to measure Sirios Resources' 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 Sirios Resources stock.
Sirios | Beta |
Sirios Resources Company Beta Analysis
Sirios Resources' 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 Sirios Resources Beta | 0.85 |
Most of Sirios Resources' 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, Sirios Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Sirios Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Sirios Resources is extremely important. It helps to project a fair market value of Sirios Stock properly, considering its historical fundamentals such as Beta. Since Sirios Resources' 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 Sirios Resources' 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 Sirios Resources' 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, Sirios Resources has a Beta of 0.847. This is 2.64% lower than that of the Metals & Mining sector and 27.61% lower than that of the Materials industry. The beta for all Canada stocks is notably lower than that of the firm.
Sirios Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Sirios Resources' 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 Sirios Resources could also be used in its relative valuation, which is a method of valuing Sirios Resources by comparing valuation metrics of similar companies.Sirios Resources is currently under evaluation in beta category among its peers.
Sirios Resources Current Valuation Drivers
We derive many important indicators used in calculating different scores of Sirios Resources from analyzing Sirios Resources' financial statements. These drivers represent accounts that assess Sirios Resources' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Sirios Resources' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 26.6M | 19.1M | 13.2M | 15.6M | 19.5M | 20.5M | |
| Enterprise Value | 25.0M | 16.1M | 12.9M | 13.3M | 17.7M | 18.6M |
As returns on the market increase, Sirios Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Sirios Resources is expected to be smaller as well.
Sirios Fundamentals
| Return On Equity | -0.0282 | ||||
| Return On Asset | -0.0153 | ||||
| Current Valuation | 14.56 M | ||||
| Shares Outstanding | 322.76 M | ||||
| Shares Owned By Insiders | 11.88 % | ||||
| Shares Owned By Institutions | 2.96 % | ||||
| Number Of Shares Shorted | 19.84 K | ||||
| Price To Earning | (165.00) X | ||||
| Price To Book | 0.45 X | ||||
| Gross Profit | (45.7 K) | ||||
| EBITDA | (921.08 K) | ||||
| Net Income | (994.41 K) | ||||
| Cash And Equivalents | 1.24 M | ||||
| Cash Per Share | 0.01 X | ||||
| Total Debt | 2.18 M | ||||
| Current Ratio | 1.62 X | ||||
| Book Value Per Share | 0.12 X | ||||
| Cash Flow From Operations | (1.91 M) | ||||
| Short Ratio | 0.22 X | ||||
| Target Price | 0.41 | ||||
| Beta | 0.85 | ||||
| Market Capitalization | 16.14 M | ||||
| Total Asset | 38.22 M | ||||
| Retained Earnings | (29.01 M) | ||||
| Working Capital | 1.8 M | ||||
| Net Asset | 38.22 M |
About Sirios Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Sirios Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Sirios Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Sirios Resources 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 Sirios Stock Analysis
When running Sirios Resources' price analysis, check to measure Sirios Resources' 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 Sirios Resources is operating at the current time. Most of Sirios Resources' value examination focuses on studying past and present price action to predict the probability of Sirios Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sirios Resources' price. Additionally, you may evaluate how the addition of Sirios Resources to your portfolios can decrease your overall portfolio volatility.