Nutriband Warrant Stock Beta
| NTRBW Stock | USD 1.90 0.34 21.79% |
Nutriband Warrant fundamentals help investors to digest information that contributes to Nutriband Warrant's financial success or failures. It also enables traders to predict the movement of Nutriband Stock. The fundamental analysis module provides a way to measure Nutriband Warrant'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 Nutriband Warrant stock.
Nutriband | Beta |
Nutriband Warrant Company Beta Analysis
Nutriband Warrant'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 Nutriband Warrant Beta | 0.42 |
Most of Nutriband Warrant'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, Nutriband Warrant is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Nutriband Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Nutriband Warrant is extremely important. It helps to project a fair market value of Nutriband Stock properly, considering its historical fundamentals such as Beta. Since Nutriband Warrant'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 Nutriband Warrant'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 Nutriband Warrant's interrelated accounts and indicators.
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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 |
In accordance with the recently published financial statements, Nutriband Warrant has a Beta of 0.416. This is 51.63% lower than that of the Biotechnology sector and 70.07% lower than that of the Health Care industry. The beta for all United States stocks is notably lower than that of the firm.
Nutriband Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Nutriband Warrant'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 Nutriband Warrant could also be used in its relative valuation, which is a method of valuing Nutriband Warrant by comparing valuation metrics of similar companies.Nutriband Warrant is currently under evaluation in beta category among its peers.
Nutriband Warrant Current Valuation Drivers
We derive many important indicators used in calculating different scores of Nutriband Warrant from analyzing Nutriband Warrant's financial statements. These drivers represent accounts that assess Nutriband Warrant's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Nutriband Warrant's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 87.0M | 103.9M | 29.7M | 30.9M | 20.8M | 19.7M | |
| Enterprise Value | 87.3M | 105.6M | 25.0M | 29.1M | 20.5M | 19.5M |
As returns on the market increase, Nutriband Warrant's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nutriband Warrant is expected to be smaller as well.
Nutriband Fundamentals
| Return On Equity | -0.6 | ||||
| Return On Asset | -0.3 | ||||
| Operating Margin | (4.62) % | ||||
| Number Of Shares Shorted | 1.03 K | ||||
| Revenue | 2.09 M | ||||
| EBITDA | (5.12 M) | ||||
| Net Income | (5.49 M) | ||||
| Cash And Equivalents | 304.26 K | ||||
| Cash Per Share | 0.05 X | ||||
| Total Debt | 241.28 K | ||||
| Debt To Equity | 0.25 % | ||||
| Current Ratio | 0.23 X | ||||
| Book Value Per Share | 0.73 X | ||||
| Cash Flow From Operations | (3.53 M) | ||||
| Earnings Per Share | (0.51) X | ||||
| Beta | 0.42 | ||||
| Total Asset | 7.52 M | ||||
| Retained Earnings | (27.98 M) | ||||
| Working Capital | 22.77 K | ||||
| Net Asset | 7.52 M |
About Nutriband Warrant Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Nutriband Warrant's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nutriband Warrant using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nutriband Warrant 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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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.Additional Tools for Nutriband Stock Analysis
When running Nutriband Warrant's price analysis, check to measure Nutriband Warrant'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 Nutriband Warrant is operating at the current time. Most of Nutriband Warrant's value examination focuses on studying past and present price action to predict the probability of Nutriband Warrant's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nutriband Warrant's price. Additionally, you may evaluate how the addition of Nutriband Warrant to your portfolios can decrease your overall portfolio volatility.