Vision Marine Technologies Stock Beta
| VMAR Stock | USD 2.20 0.12 5.77% |
Vision Marine Technologies fundamentals help investors to digest information that contributes to Vision Marine's financial success or failures. It also enables traders to predict the movement of Vision Stock. The fundamental analysis module provides a way to measure Vision Marine'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 Vision Marine stock.
Vision | Beta |
Vision Marine Technologies Company Beta Analysis
Vision Marine'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 Vision Marine Beta | -0.047 |
Most of Vision Marine'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, Vision Marine Technologies is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Vision Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Vision Marine is extremely important. It helps to project a fair market value of Vision Stock properly, considering its historical fundamentals such as Beta. Since Vision Marine'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 Vision Marine'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 Vision Marine's 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, Vision Marine Technologies has a Beta of -0.047. This is 105.6% lower than that of the Leisure Products sector and 103.13% lower than that of the Consumer Discretionary industry. The beta for all United States stocks is 68.67% lower than that of the firm.
Vision Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Vision Marine'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 Vision Marine could also be used in its relative valuation, which is a method of valuing Vision Marine by comparing valuation metrics of similar companies.Vision Marine is currently under evaluation in beta category among its peers.
Vision Marine Current Valuation Drivers
We derive many important indicators used in calculating different scores of Vision Marine from analyzing Vision Marine's financial statements. These drivers represent accounts that assess Vision Marine's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Vision Marine's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 18.8B | 8.1B | 9.5B | 46.6M | 53.6M | 50.9M | |
| Enterprise Value | 18.8B | 8.1B | 9.5B | 46.3M | 53.3M | 50.6M |
Vision Marine ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Vision Marine's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Vision Marine's managers, analysts, and investors.Environmental | Governance | Social |
Vision Marine Institutional Holders
Institutional Holdings refers to the ownership stake in Vision Marine that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Vision Marine's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Vision Marine's value.| Shares | Fintrust Capital Advisors, Llc | 2024-09-30 | 0.0 | Wells Fargo & Co | 2024-06-30 | 0.0 | Greenleaf Trust | 2024-09-30 | 0.0 | Renaissance Technologies Corp | 2024-06-30 | 0.0 | Raymond James & Associates | 2024-09-30 | 0.0 | Blackrock Inc | 2024-06-30 | 0.0 | Xtx Topco Ltd | 2024-06-30 | 0.0 | Barrett & Company, Inc. | 2024-09-30 | 0.0 | Federation Des Caisses Desjardins Du Quebec | 2024-06-30 | 1.2 M | Jane Street Group Llc | 2024-06-30 | 30.9 K | Virtu Financial Llc | 2024-06-30 | 16 K |
As returns on the market increase, returns on owning Vision Marine are expected to decrease at a much lower rate. During the bear market, Vision Marine is likely to outperform the market.
Vision Fundamentals
| Return On Equity | -1.84 | ||||
| Return On Asset | -0.48 | ||||
| Operating Margin | (2.58) % | ||||
| Current Valuation | 2.74 M | ||||
| Shares Outstanding | 907.09 K | ||||
| Shares Owned By Insiders | 4.00 % | ||||
| Shares Owned By Institutions | 2.52 % | ||||
| Number Of Shares Shorted | 37.26 K | ||||
| Price To Book | 0.71 X | ||||
| Price To Sales | 0.39 X | ||||
| Revenue | 5.65 M | ||||
| Gross Profit | 3.29 M | ||||
| EBITDA | (19.96 M) | ||||
| Net Income | (20.88 M) | ||||
| Cash And Equivalents | 7.86 M | ||||
| Cash Per Share | 0.93 X | ||||
| Total Debt | 3.1 M | ||||
| Debt To Equity | 0.11 % | ||||
| Current Ratio | 4.80 X | ||||
| Book Value Per Share | 40.59 X | ||||
| Cash Flow From Operations | (14.01 M) | ||||
| Short Ratio | 0.03 X | ||||
| Earnings Per Share | (122.28) X | ||||
| Target Price | 373.95 | ||||
| Beta | -0.047 | ||||
| Market Capitalization | 1.89 M | ||||
| Total Asset | 24.05 M | ||||
| Retained Earnings | (51.55 M) | ||||
| Working Capital | 3.64 M | ||||
| Net Asset | 24.05 M |
About Vision Marine Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Vision Marine Technologies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Vision Marine using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Vision Marine Technologies 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.
Pair Trading with Vision Marine
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Vision Marine position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Vision Marine will appreciate offsetting losses from the drop in the long position's value.Moving together with Vision Stock
Moving against Vision Stock
| 0.81 | RL | Ralph Lauren Corp | PairCorr |
| 0.69 | KTB | Kontoor Brands | PairCorr |
| 0.65 | DOGZ | Dogness International | PairCorr |
| 0.65 | VSTO | Vista Outdoor | PairCorr |
| 0.6 | UAA | Under Armour A Aggressive Push | PairCorr |
The ability to find closely correlated positions to Vision Marine could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vision Marine when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Vision Marine - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Vision Marine Technologies to buy it.
The correlation of Vision Marine is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Vision Marine moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vision Marine Techno moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Vision Marine can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Vision Stock Analysis
When running Vision Marine's price analysis, check to measure Vision Marine'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 Vision Marine is operating at the current time. Most of Vision Marine's value examination focuses on studying past and present price action to predict the probability of Vision Marine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vision Marine's price. Additionally, you may evaluate how the addition of Vision Marine to your portfolios can decrease your overall portfolio volatility.