Aclara Resources Stock Beta
| ARA Stock | 0.41 0.02 4.65% |
Aclara Resources fundamentals help investors to digest information that contributes to Aclara Resources' financial success or failures. It also enables traders to predict the movement of Aclara Stock. The fundamental analysis module provides a way to measure Aclara 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 Aclara Resources stock.
Aclara | Beta |
Aclara Resources Company Beta Analysis
Aclara 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 Aclara Resources Beta | 0.58 |
Most of Aclara 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, Aclara Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Aclara Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Aclara Resources is extremely important. It helps to project a fair market value of Aclara Stock properly, considering its historical fundamentals such as Beta. Since Aclara 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 Aclara 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 Aclara 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, Aclara Resources has a Beta of 0.581. This is 33.22% lower than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The beta for all Canada stocks is notably lower than that of the firm.
Aclara Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Aclara 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 Aclara Resources could also be used in its relative valuation, which is a method of valuing Aclara Resources by comparing valuation metrics of similar companies.Aclara Resources is currently under evaluation in beta category among its peers.
Aclara Resources Current Valuation Drivers
We derive many important indicators used in calculating different scores of Aclara Resources from analyzing Aclara Resources' financial statements. These drivers represent accounts that assess Aclara Resources' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Aclara Resources' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 132.4M | 204.2M | 185.1M | 38.4M | 61.3M | 58.2M |
As returns on the market increase, Aclara Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Aclara Resources is expected to be smaller as well.
Aclara Fundamentals
| Return On Equity | -0.07 | |||
| Return On Asset | -0.0493 | |||
| Current Valuation | 32.66 M | |||
| Shares Outstanding | 166.41 M | |||
| Shares Owned By Insiders | 96.93 % | |||
| Shares Owned By Institutions | 9.79 % | |||
| Number Of Shares Shorted | 33.31 K | |||
| Price To Book | 0.35 X | |||
| Price To Sales | 2,110 X | |||
| Gross Profit | (5 K) | |||
| EBITDA | (12.52 M) | |||
| Net Income | (11.38 M) | |||
| Cash And Equivalents | 66.89 M | |||
| Total Debt | 8.65 M | |||
| Book Value Per Share | 0.85 X | |||
| Cash Flow From Operations | (11.14 M) | |||
| Short Ratio | 1.52 X | |||
| Earnings Per Share | (0.10) X | |||
| Target Price | 0.82 | |||
| Number Of Employees | 66 | |||
| Beta | 0.58 | |||
| Market Capitalization | 71.56 M | |||
| Total Asset | 147.01 M | |||
| Retained Earnings | (23.39 M) | |||
| Working Capital | 28.9 M | |||
| Net Asset | 147.01 M |
About Aclara Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Aclara Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Aclara Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Aclara 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.
Other Information on Investing in Aclara Stock
Aclara Resources financial ratios help investors to determine whether Aclara Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Aclara with respect to the benefits of owning Aclara Resources security.