Romios Gold Book Value Per Share vs. Beta

RG Stock  CAD 0.02  0.01  100.00%   
Based on the measurements of profitability obtained from Romios Gold's financial statements, Romios Gold Resources may not be well positioned to generate adequate gross income at the present time. It has a very high likelihood of underperforming in January. Profitability indicators assess Romios Gold's ability to earn profits and add value for shareholders.
 
Book Value Per Share  
First Reported
2010-12-31
Previous Quarter
(0)
Current Value
(0)
Quarterly Volatility
0.05203657
 
Credit Downgrade
 
Yuan Drop
 
Covid
Sales General And Administrative To Revenue is likely to climb to 0.06 in 2024, whereas Price To Sales Ratio is likely to drop 122.58 in 2024. Income Tax Expense is likely to climb to 8,777 in 2024, whereas Accumulated Other Comprehensive Income is likely to drop slightly above 74.3 K in 2024.
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.170.19
Moderately Down
Slightly volatile
For Romios Gold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Romios Gold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Romios Gold Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Romios Gold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Romios Gold Resources over time as well as its relative position and ranking within its peers.
  
Check out Your Equity Center.
Please note, there is a significant difference between Romios Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Romios Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Romios Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Romios Gold Resources Beta vs. Book Value Per Share Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Romios Gold's current stock value. Our valuation model uses many indicators to compare Romios Gold value to that of its competitors to determine the firm's financial worth.
Romios Gold Resources is rated fifth in book value per share category among its peers. It is rated second in beta category among its peers . At this time, Romios Gold's Book Value Per Share is fairly stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Romios Gold's earnings, one of the primary drivers of an investment's value.

Romios Beta vs. Book Value Per Share

Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.

Romios Gold

Book Value per Share

 = 

Common Equity

Average Shares

 = 
(0) X
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
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.

Romios Gold

Beta

 = 

Covariance

Variance

 = 
1.55
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.

Romios Beta Comparison

Romios Gold is currently under evaluation in beta category among its peers.

Beta Analysis

As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Romios Gold will likely underperform.

Romios Gold Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Romios Gold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Romios Gold will eventually generate negative long term returns. The profitability progress is the general direction of Romios Gold's change in net profit over the period of time. It can combine multiple indicators of Romios Gold, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income84.1 K74.3 K
Operating Income-682.1 K-716.2 K
Net Loss-2.4 M-2.3 M
Income Tax Expense8.4 K8.8 K
Income Before Tax-828.3 K-869.8 K
Total Other Income Expense Net-133.1 K-139.8 K
Net Loss-828.3 K-869.8 K
Net Loss-1.1 M-1.2 M
Net Interest Income-13.1 K-12.5 K
Interest Income 855.00  812.25 
Change To Netincome-272.1 K-258.4 K
Income Quality 0.56  0.53 
Net Income Per E B T 0.81  0.62 

Romios Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Romios Gold. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Romios Gold position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Romios Gold's important profitability drivers and their relationship over time.

Use Romios Gold in pair-trading

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 Romios Gold 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 Romios Gold will appreciate offsetting losses from the drop in the long position's value.

Romios Gold Pair Trading

Romios Gold Resources Pair Trading Analysis

The ability to find closely correlated positions to Romios Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Romios Gold 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 Romios Gold - 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 Romios Gold Resources to buy it.
The correlation of Romios Gold 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 Romios Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Romios Gold Resources 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 Romios Gold 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Romios Gold position

In addition to having Romios Gold in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Penny Thematic Idea Now

Penny
Penny Theme
Solid stocks, funds or ETFs with below average market capitalization and typicl daily price below 2. The Penny theme has 56 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Penny Theme or any other thematic opportunities.
View All  Next Launch

Additional Tools for Romios Stock Analysis

When running Romios Gold's price analysis, check to measure Romios Gold'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 Romios Gold is operating at the current time. Most of Romios Gold's value examination focuses on studying past and present price action to predict the probability of Romios Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Romios Gold's price. Additionally, you may evaluate how the addition of Romios Gold to your portfolios can decrease your overall portfolio volatility.