Brooge Energy Limited Stock Beta
Brooge Energy Limited fundamentals help investors to digest information that contributes to Brooge Energy's financial success or failures. It also enables traders to predict the movement of Brooge Stock. The fundamental analysis module provides a way to measure Brooge Energy'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 Brooge Energy stock.
Brooge |
Brooge Energy Limited Company Beta Analysis
Brooge Energy'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 Brooge Energy Beta | -0.23 |
Most of Brooge Energy'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, Brooge Energy Limited 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.
CompetitionIn accordance with the recently published financial statements, Brooge Energy Limited has a Beta of -0.231. This is much lower than that of the Oil, Gas & Consumable Fuels sector and significantly lower than that of the Energy industry. The beta for all United States stocks is notably higher than that of the company.
Brooge Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Brooge Energy'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 Brooge Energy could also be used in its relative valuation, which is a method of valuing Brooge Energy by comparing valuation metrics of similar companies.Brooge Energy is currently under evaluation in beta category among its peers.
As returns on the market increase, returns on owning Brooge Energy are expected to decrease at a much lower rate. During the bear market, Brooge Energy is likely to outperform the market.
Brooge Fundamentals
| Return On Equity | -0.6 | |||
| Return On Asset | 0.0363 | |||
| Profit Margin | (0.46) % | |||
| Operating Margin | (0.28) % | |||
| Number Of Shares Shorted | 9.65 K | |||
| Revenue | 105.7 M | |||
| EBITDA | 40.59 M | |||
| Net Income | (48.33 M) | |||
| Cash And Equivalents | 6.73 M | |||
| Total Debt | 160.1 M | |||
| Debt To Equity | 1.17 % | |||
| Current Ratio | 0.10 X | |||
| Book Value Per Share | 0.65 X | |||
| Cash Flow From Operations | 58.57 M | |||
| Beta | -0.23 | |||
| Total Asset | 485.98 M | |||
| Retained Earnings | (116.09 M) | |||
| Working Capital | (320.39 M) | |||
| Net Asset | 485.98 M |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Other Consideration for investing in Brooge Stock
If you are still planning to invest in Brooge Energy Limited check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Brooge Energy's history and understand the potential risks before investing.
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