Corsair Gaming Stock Beta

CRSR Stock

USD 12.42 0.09 0.72%

Corsair Gaming fundamentals help investors to digest information that contributes to Corsair Gaming's financial success or failures. It also enables traders to predict the movement of Corsair Stock. The fundamental analysis module provides a way to measure Corsair Gaming'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 Corsair Gaming stock.

Total Current Liabilities Other Current Liab

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Corsair Gaming Company Beta Analysis

Corsair Gaming'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.

Beta

Covariance

Variance

More About Beta | All Equity Analysis

Current Corsair Gaming Beta

1.68

Most of Corsair Gaming'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, Corsair Gaming is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Corsair Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Corsair Gaming is extremely important. It helps to project a fair market value of Corsair Stock properly, considering its historical fundamentals such as Beta. Since Corsair Gaming'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 Corsair Gaming'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 Corsair Gaming's interrelated accounts and indicators.

	Net Tangible Assets	Retained Earnings	Accounts Payable	Net Receivables	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Long Term Debt	Good Will	Total Liab	Deferred Long Term Liab	Net Invested Capital	Short Long Term Debt	Capital Stock	Net Working Capital	Short Term Debt	Intangible Assets	Long Term Debt Total	Capital Surpluse	Short Term Investments
Net Tangible Assets		0.92	0.15	0.2	0.33	-0.11	0.52	0.4	0.54	0.37	-0.62	-0.72	0.35	-0.5	0.47	0.43	-0.07	0.24	0.53	0.26	-0.75	-0.62	0.55	-0.37
Retained Earnings	0.92		0.04	0.1	0.19	-0.16	0.23	0.25	0.36	0.27	-0.4	-0.56	0.15	-0.37	0.34	0.24	0.03	0.09	0.35	0.29	-0.55	-0.45	0.36	-0.2
Accounts Payable	0.15	0.04		0.96	0.95	0.68	0.61	0.92	0.83	-0.21	-0.77	-0.69	0.86	0.43	0.91	0.85	-0.84	0.03	0.81	-0.65	-0.49	-0.65	0.63	-0.36
Net Receivables	0.2	0.1	0.96		0.98	0.74	0.67	0.96	0.9	-0.07	-0.8	-0.73	0.92	0.41	0.94	0.91	-0.92	0.22	0.89	-0.72	-0.51	-0.75	0.66	-0.34
Total Current Assets	0.33	0.19	0.95	0.98		0.69	0.74	0.98	0.96	0.02	-0.87	-0.83	0.95	0.27	0.97	0.95	-0.86	0.24	0.95	-0.6	-0.64	-0.82	0.74	-0.36
Common Stock	-0.11	-0.16	0.68	0.74	0.69		0.58	0.66	0.63	0.07	-0.59	-0.52	0.66	0.16	0.61	0.66	-0.62	0.21	0.63	-0.46	-0.42	-0.57	0.52	-0.31
Property Plant Equipment	0.52	0.23	0.61	0.67	0.74	0.58		0.81	0.86	0.44	-0.92	-0.83	0.87	-0.31	0.71	0.88	-0.59	0.39	0.87	-0.26	-0.86	-0.91	0.87	-0.69
Total Assets	0.4	0.25	0.92	0.96	0.98	0.66	0.81		0.97	0.09	-0.9	-0.84	0.98	0.2	0.95	0.98	-0.87	0.25	0.96	-0.59	-0.69	-0.87	0.81	-0.48
Total Stockholder Equity	0.54	0.36	0.83	0.9	0.96	0.63	0.86	0.97		0.22	-0.94	-0.93	0.95	0.02	0.95	0.97	-0.76	0.35	1.0	-0.42	-0.8	-0.92	0.84	-0.42
Current Deferred Revenue	0.37	0.27	-0.21	-0.07	0.02	0.07	0.44	0.09	0.22		-0.21	-0.3	0.2	-0.7	-0.08	0.24	0.08	0.11	0.28	0.3	-0.54	-0.53	0.5	-0.39
Net Debt	-0.62	-0.4	-0.77	-0.8	-0.87	-0.59	-0.92	-0.9	-0.94	-0.21		0.95	-0.88	0.14	-0.89	-0.91	0.65	-0.3	-0.93	0.3	0.87	0.91	-0.83	0.61
Long Term Debt	-0.72	-0.56	-0.69	-0.73	-0.83	-0.52	-0.83	-0.84	-0.93	-0.3	0.95		-0.79	0.24	-0.88	-0.85	0.52	-0.3	-0.93	0.11	0.92	0.91	-0.82	0.45
Good Will	0.35	0.15	0.86	0.92	0.95	0.66	0.87	0.98	0.95	0.2	-0.88	-0.79		0.13	0.88	0.99	-0.87	0.3	0.95	-0.59	-0.68	-0.87	0.84	-0.51
Total Liab	-0.5	-0.37	0.43	0.41	0.27	0.16	-0.31	0.2	0.02	-0.7	0.14	0.24	0.13		0.23	0.07	-0.54	-0.11	0.0	-0.78	0.54	0.25	-0.33	0.37
Deferred Long Term Liab	0.47	0.34	0.91	0.94	0.97	0.61	0.71	0.95	0.95	-0.08	-0.89	-0.88	0.88	0.23		0.9	-0.79	0.32	0.93	-0.5	-0.65	-0.79	0.69	-0.32
Net Invested Capital	0.43	0.24	0.85	0.91	0.95	0.66	0.88	0.98	0.97	0.24	-0.91	-0.85	0.99	0.07	0.9		-0.84	0.32	0.98	-0.53	-0.74	-0.91	0.87	-0.52
Short Long Term Debt	-0.07	0.03	-0.84	-0.92	-0.86	-0.62	-0.59	-0.87	-0.76	0.08	0.65	0.52	-0.87	-0.54	-0.79	-0.84		-0.3	-0.76	0.9	0.29	0.64	-0.52	0.32
Capital Stock	0.24	0.09	0.03	0.22	0.24	0.21	0.39	0.25	0.35	0.11	-0.3	-0.3	0.3	-0.11	0.32	0.32	-0.3		0.36	-0.17	-0.17	-0.33	0.14	0.09
Net Working Capital	0.53	0.35	0.81	0.89	0.95	0.63	0.87	0.96	1.0	0.28	-0.93	-0.93	0.95	0.0	0.93	0.98	-0.76	0.36		-0.42	-0.8	-0.94	0.85	-0.43
Short Term Debt	0.26	0.29	-0.65	-0.72	-0.6	-0.46	-0.26	-0.59	-0.42	0.3	0.3	0.11	-0.59	-0.78	-0.5	-0.53	0.9	-0.17	-0.42		-0.13	0.28	-0.15	0.13
Intangible Assets	-0.75	-0.55	-0.49	-0.51	-0.64	-0.42	-0.86	-0.69	-0.8	-0.54	0.87	0.92	-0.68	0.54	-0.65	-0.74	0.29	-0.17	-0.8	-0.13		0.89	-0.88	0.63
Long Term Debt Total	-0.62	-0.45	-0.65	-0.75	-0.82	-0.57	-0.91	-0.87	-0.92	-0.53	0.91	0.91	-0.87	0.25	-0.79	-0.91	0.64	-0.33	-0.94	0.28	0.89		-0.91	0.62
Capital Surpluse	0.55	0.36	0.63	0.66	0.74	0.52	0.87	0.81	0.84	0.5	-0.83	-0.82	0.84	-0.33	0.69	0.87	-0.52	0.14	0.85	-0.15	-0.88	-0.91		-0.73
Short Term Investments	-0.37	-0.2	-0.36	-0.34	-0.36	-0.31	-0.69	-0.48	-0.42	-0.39	0.61	0.45	-0.51	0.37	-0.32	-0.52	0.32	0.09	-0.43	0.13	0.63	0.62	-0.73

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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

Predict Corsair Gaming

In accordance with the recently published financial statements, Corsair Gaming has a Beta of 1.676. This is 58.11% higher than that of the Technology Hardware, Storage & Peripherals sector and significantly higher than that of the Information Technology industry. The beta for all United States stocks is notably lower than that of the firm.

Corsair Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Corsair Gaming'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 Corsair Gaming could also be used in its relative valuation, which is a method of valuing Corsair Gaming by comparing valuation metrics of similar companies.

Corsair Gaming is currently under evaluation in beta category among its peers.

Corsair Gaming ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Corsair Gaming's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Corsair Gaming's managers, analysts, and investors.

Environmental

Governance

Social

Corsair Gaming Institutional Holders

Institutional Holdings refers to the ownership stake in Corsair Gaming that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Corsair Gaming's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Corsair Gaming's value.

		Shares
Citadel Advisors Llc	2024-09-30	474.5 K
Amvescap Plc.	2024-09-30	450.8 K
Northern Trust Corp	2024-09-30	410.6 K
Charles Schwab Investment Management Inc	2024-12-31	397.8 K
Renaissance Technologies Corp	2024-09-30	335.9 K
Goldman Sachs Group Inc	2024-09-30	329.7 K
Bank Of America Corp	2024-09-30	256.3 K
Principal Financial Group Inc	2024-12-31	218.7 K
Stifel Financial Corp	2024-09-30	214.6 K
Blackrock Inc	2024-09-30	7.5 M
Vanguard Group Inc	2024-12-31	5.8 M

As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Corsair Gaming will likely underperform.

Corsair Fundamentals

	Return On Equity	-0.13
	Return On Asset	-0.0241
	Profit Margin	(0.06) %
	Operating Margin	0.01 %
	Current Valuation	1.36 B
	Shares Outstanding	104.7 M
	Shares Owned By Insiders	3.17 %
	Shares Owned By Institutions	87.35 %
	Number Of Shares Shorted	4.21 M
	Price To Earning	32.94 X
	Price To Book	2.15 X
	Price To Sales	0.99 X
	Revenue	1.32 B
	Gross Profit	327.6 M
	EBITDA	(49.95 M)
	Net Income	(83.39 M)
	Cash And Equivalents	57.27 M
	Cash Per Share	0.60 X
	Total Debt	246.5 M
	Debt To Equity	0.53 %
	Current Ratio	1.59 X
	Book Value Per Share	5.77 X
	Cash Flow From Operations	35.88 M
	Short Ratio	4.68 X
	Earnings Per Share	(0.95) X
	Price To Earnings To Growth	41.50 X
	Target Price	12.0
	Beta	1.68
	Market Capitalization	1.3 B
	Total Asset	1.36 B
	Retained Earnings	40.41 M
	Working Capital	293.1 M
	Net Asset	1.36 B

About Corsair Gaming Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Corsair Gaming's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Corsair Gaming using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Corsair Gaming 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.

Additional Tools for Corsair Stock Analysis

When running Corsair Gaming's price analysis, check to measure Corsair Gaming'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 Corsair Gaming is operating at the current time. Most of Corsair Gaming's value examination focuses on studying past and present price action to predict the probability of Corsair Gaming's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corsair Gaming's price. Additionally, you may evaluate how the addition of Corsair Gaming to your portfolios can decrease your overall portfolio volatility.

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