Carnegie Clean Energy Stock Beta
| CCE Stock | 0.04 0 2.70% |
Carnegie Clean Energy fundamentals help investors to digest information that contributes to Carnegie Clean's financial success or failures. It also enables traders to predict the movement of Carnegie Stock. The fundamental analysis module provides a way to measure Carnegie Clean'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 Carnegie Clean stock.
Carnegie | Beta |
Carnegie Clean Energy Company Beta Analysis
Carnegie Clean'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 Carnegie Clean Beta | -0.03 |
Most of Carnegie Clean'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, Carnegie Clean Energy 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.
| Competition |
In accordance with the recently published financial statements, Carnegie Clean Energy has a Beta of -0.03. This is 106.67% lower than that of the Independent Power and Renewable Electricity Producers sector and significantly lower than that of the Utilities industry. The beta for all Australia stocks is 80.0% lower than that of the firm.
Carnegie Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Carnegie Clean'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 Carnegie Clean could also be used in its relative valuation, which is a method of valuing Carnegie Clean by comparing valuation metrics of similar companies.Carnegie Clean is currently under evaluation in beta category among its peers.
As returns on the market increase, returns on owning Carnegie Clean are expected to decrease at a much lower rate. During the bear market, Carnegie Clean is likely to outperform the market.
Carnegie Fundamentals
| Return On Equity | -0.12 | ||||
| Return On Asset | -0.0655 | ||||
| Operating Margin | (9.35) % | ||||
| Current Valuation | 11.6 M | ||||
| Shares Outstanding | 366.2 M | ||||
| Shares Owned By Insiders | 22.44 % | ||||
| Price To Book | 0.66 X | ||||
| Price To Sales | 38.00 X | ||||
| Revenue | 346.92 K | ||||
| Gross Profit | 204.21 K | ||||
| EBITDA | (1.99 M) | ||||
| Net Income | (2.32 M) | ||||
| Cash And Equivalents | 1.2 M | ||||
| Total Debt | 34.22 K | ||||
| Book Value Per Share | 0.06 X | ||||
| Cash Flow From Operations | (1.83 M) | ||||
| Earnings Per Share | (0.01) X | ||||
| Beta | -0.03 | ||||
| Market Capitalization | 13.55 M | ||||
| Total Asset | 22.4 M | ||||
| Retained Earnings | (191.04 M) | ||||
| Working Capital | 2.68 M | ||||
| Net Asset | 22.4 M |
About Carnegie Clean Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Carnegie Clean Energy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Carnegie Clean using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Carnegie Clean Energy 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 Carnegie Stock Analysis
When running Carnegie Clean's price analysis, check to measure Carnegie Clean'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 Carnegie Clean is operating at the current time. Most of Carnegie Clean's value examination focuses on studying past and present price action to predict the probability of Carnegie Clean's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carnegie Clean's price. Additionally, you may evaluate how the addition of Carnegie Clean to your portfolios can decrease your overall portfolio volatility.