Nobel29 Resources Corp Stock Beta
| NBLC Stock | CAD 0.04 0.00 0.00% |
Nobel29 Resources Corp fundamentals help investors to digest information that contributes to Nobel29 Resources' financial success or failures. It also enables traders to predict the movement of Nobel29 Stock. The fundamental analysis module provides a way to measure Nobel29 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 Nobel29 Resources stock.
Nobel29 | Beta |
Nobel29 Resources Corp Company Beta Analysis
Nobel29 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 Nobel29 Resources Beta | -0.071 |
Most of Nobel29 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, Nobel29 Resources Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Nobel29 Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Nobel29 Resources is extremely important. It helps to project a fair market value of Nobel29 Stock properly, considering its historical fundamentals such as Beta. Since Nobel29 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 Nobel29 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 Nobel29 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, Nobel29 Resources Corp has a Beta of -0.071. This is 108.16% lower than that of the Metals & Mining sector and significantly lower than that of the Materials industry. The beta for all Canada stocks is 52.67% lower than that of the firm.
Nobel29 Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Nobel29 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 Nobel29 Resources could also be used in its relative valuation, which is a method of valuing Nobel29 Resources by comparing valuation metrics of similar companies.Nobel29 Resources is currently under evaluation in beta category among its peers.
As returns on the market increase, returns on owning Nobel29 Resources are expected to decrease at a much lower rate. During the bear market, Nobel29 Resources is likely to outperform the market.
Nobel29 Fundamentals
| Return On Equity | -4.97 | ||||
| Return On Asset | -1.84 | ||||
| Current Valuation | 4.41 M | ||||
| Shares Outstanding | 102.48 M | ||||
| Shares Owned By Insiders | 11.57 % | ||||
| Number Of Shares Shorted | 1.43 K | ||||
| Price To Book | 9.23 X | ||||
| EBITDA | (3.3 M) | ||||
| Net Income | (836.07 K) | ||||
| Total Debt | 949.14 K | ||||
| Book Value Per Share | (0.01) X | ||||
| Cash Flow From Operations | (426.05 K) | ||||
| Short Ratio | 0.01 X | ||||
| Beta | -0.071 | ||||
| Market Capitalization | 4.61 M | ||||
| Total Asset | 447.44 K | ||||
| Retained Earnings | (19.61 M) | ||||
| Working Capital | (501.7 K) | ||||
| Net Asset | 447.44 K |
About Nobel29 Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Nobel29 Resources Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nobel29 Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nobel29 Resources Corp 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 Nobel29 Stock Analysis
When running Nobel29 Resources' price analysis, check to measure Nobel29 Resources' 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 Nobel29 Resources is operating at the current time. Most of Nobel29 Resources' value examination focuses on studying past and present price action to predict the probability of Nobel29 Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nobel29 Resources' price. Additionally, you may evaluate how the addition of Nobel29 Resources to your portfolios can decrease your overall portfolio volatility.