Wescan Goldfields Stock Beta
| WGF Stock | CAD 0.01 0.01 25.00% |
Wescan Goldfields fundamentals help investors to digest information that contributes to Wescan Goldfields' financial success or failures. It also enables traders to predict the movement of Wescan Stock. The fundamental analysis module provides a way to measure Wescan Goldfields' 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 Wescan Goldfields stock.
Wescan | Beta |
Wescan Goldfields Company Beta Analysis
Wescan Goldfields' 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 Wescan Goldfields Beta | -0.15 |
Most of Wescan Goldfields' 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, Wescan Goldfields 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, Wescan Goldfields has a Beta of -0.15. This is 117.24% lower than that of the Metals & Mining sector and 155.56% lower than that of the Materials industry. This indicator is about the same for all Canada stocks average (which is currently at -0.15).
Wescan Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Wescan Goldfields' 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 Wescan Goldfields could also be used in its relative valuation, which is a method of valuing Wescan Goldfields by comparing valuation metrics of similar companies.Wescan Goldfields is currently under evaluation in beta category among its peers.
As returns on the market increase, returns on owning Wescan Goldfields are expected to decrease at a much lower rate. During the bear market, Wescan Goldfields is likely to outperform the market.
Wescan Fundamentals
| Return On Equity | -10.48 | ||||
| Return On Asset | -5.26 | ||||
| Current Valuation | 837.74 K | ||||
| Shares Outstanding | 53.68 M | ||||
| Shares Owned By Insiders | 55.50 % | ||||
| Number Of Shares Shorted | 117 | ||||
| Price To Earning | 35.00 X | ||||
| Price To Book | 20.04 X | ||||
| Price To Sales | 7,992 X | ||||
| Gross Profit | 11 | ||||
| EBITDA | (307.39 K) | ||||
| Net Income | (351.6 K) | ||||
| Cash And Equivalents | 15.45 K | ||||
| Total Debt | 137.67 K | ||||
| Current Ratio | 1.49 X | ||||
| Book Value Per Share | (0) X | ||||
| Cash Flow From Operations | (325.14 K) | ||||
| Short Ratio | 0.09 X | ||||
| Earnings Per Share | (0.01) X | ||||
| Beta | -0.15 | ||||
| Market Capitalization | 1.07 M | ||||
| Total Asset | 84.36 K | ||||
| Retained Earnings | (23.86 M) | ||||
| Working Capital | 21.21 K | ||||
| Net Asset | 84.36 K |
About Wescan Goldfields Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Wescan Goldfields's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Wescan Goldfields using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Wescan Goldfields 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 Wescan Stock Analysis
When running Wescan Goldfields' price analysis, check to measure Wescan Goldfields' 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 Wescan Goldfields is operating at the current time. Most of Wescan Goldfields' value examination focuses on studying past and present price action to predict the probability of Wescan Goldfields' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wescan Goldfields' price. Additionally, you may evaluate how the addition of Wescan Goldfields to your portfolios can decrease your overall portfolio volatility.