Aston Bay Holdings Stock Beta
| BAY Stock | CAD 0.05 0.01 11.11% |
Aston Bay Holdings fundamentals help investors to digest information that contributes to Aston Bay's financial success or failures. It also enables traders to predict the movement of Aston Stock. The fundamental analysis module provides a way to measure Aston Bay'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 Aston Bay stock.
Aston | Beta |
Aston Bay Holdings Company Beta Analysis
Aston Bay'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 Aston Bay Beta | -0.33 |
Most of Aston Bay'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, Aston Bay Holdings is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Aston Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Aston Bay is extremely important. It helps to project a fair market value of Aston Stock properly, considering its historical fundamentals such as Beta. Since Aston Bay'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 Aston Bay'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 Aston Bay'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, Aston Bay Holdings has a Beta of -0.331. This is 138.05% lower than that of the Metals & Mining sector and significantly lower than that of the Materials industry. The beta for all Canada stocks is 120.67% higher than that of the company.
Aston Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Aston Bay'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 Aston Bay could also be used in its relative valuation, which is a method of valuing Aston Bay by comparing valuation metrics of similar companies.Aston Bay is currently under evaluation in beta category among its peers.
Aston Bay Current Valuation Drivers
We derive many important indicators used in calculating different scores of Aston Bay from analyzing Aston Bay's financial statements. These drivers represent accounts that assess Aston Bay's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Aston Bay's important valuation drivers and their relationship over time.
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Market Cap | 8.1M | 8.4M | 5.4M | 28.1M | 25.3M | 26.6M | |
| Enterprise Value | 8.4M | 8.8M | 6.1M | 28.2M | 25.4M | 26.7M |
As returns on the market increase, returns on owning Aston Bay are expected to decrease at a much lower rate. During the bear market, Aston Bay is likely to outperform the market.
Aston Fundamentals
| Return On Equity | -3.5 | ||||
| Return On Asset | -2.38 | ||||
| Current Valuation | 12.74 M | ||||
| Shares Outstanding | 252.95 M | ||||
| Shares Owned By Insiders | 6.32 % | ||||
| Shares Owned By Institutions | 2.33 % | ||||
| Number Of Shares Shorted | 5.27 K | ||||
| Price To Earning | (7.19) X | ||||
| Price To Book | 7.38 X | ||||
| EBITDA | (3.07 M) | ||||
| Net Income | (3.29 M) | ||||
| Cash And Equivalents | 111.51 K | ||||
| Total Debt | 532.23 K | ||||
| Debt To Equity | 0.01 % | ||||
| Current Ratio | 0.32 X | ||||
| Book Value Per Share | 0.01 X | ||||
| Cash Flow From Operations | (2.46 M) | ||||
| Short Ratio | 0.56 X | ||||
| Earnings Per Share | (0.02) X | ||||
| Beta | -0.33 | ||||
| Market Capitalization | 12.65 M | ||||
| Total Asset | 665.23 K | ||||
| Retained Earnings | (28.88 M) | ||||
| Working Capital | (393.44 K) | ||||
| Net Asset | 665.23 K |
About Aston Bay Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Aston Bay Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Aston Bay using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Aston Bay Holdings 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.
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Aston Stock Analysis
When running Aston Bay's price analysis, check to measure Aston Bay'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 Aston Bay is operating at the current time. Most of Aston Bay's value examination focuses on studying past and present price action to predict the probability of Aston Bay's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aston Bay's price. Additionally, you may evaluate how the addition of Aston Bay to your portfolios can decrease your overall portfolio volatility.