Argenta Silver Corp Stock Beta
| AGAG Stock | 0.19 0.01 5.56% |
Argenta Silver Corp fundamentals help investors to digest information that contributes to Argenta Silver's financial success or failures. It also enables traders to predict the movement of Argenta Stock. The fundamental analysis module provides a way to measure Argenta Silver'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 Argenta Silver stock.
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Argenta Silver Corp Company Beta Analysis
Argenta Silver'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.
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, Argenta Silver Corp has a Beta of 0.0. This is 100.0% lower than that of the Basic Materials sector and 100.0% lower than that of the Silver industry. The beta for all Canada stocks is 100.0% lower than that of the firm.
Argenta Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Argenta Silver'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 Argenta Silver could also be used in its relative valuation, which is a method of valuing Argenta Silver by comparing valuation metrics of similar companies.Argenta Silver is currently under evaluation in beta category among its peers.
About Argenta Silver Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Argenta Silver Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Argenta Silver using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Argenta Silver Corp 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 Argenta Stock Analysis
When running Argenta Silver's price analysis, check to measure Argenta Silver'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 Argenta Silver is operating at the current time. Most of Argenta Silver's value examination focuses on studying past and present price action to predict the probability of Argenta Silver's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Argenta Silver's price. Additionally, you may evaluate how the addition of Argenta Silver to your portfolios can decrease your overall portfolio volatility.