Okyo Pharma Ltd Stock Beta
OKYO Stock | USD 1.01 0.03 2.88% |
OKYO Pharma Ltd fundamentals help investors to digest information that contributes to OKYO Pharma's financial success or failures. It also enables traders to predict the movement of OKYO Stock. The fundamental analysis module provides a way to measure OKYO Pharma'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 OKYO Pharma stock.
OKYO | Beta |
OKYO Pharma Ltd Company Beta Analysis
OKYO Pharma'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 OKYO Pharma Beta | -3.36 |
Most of OKYO Pharma'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, OKYO Pharma Ltd is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
OKYO Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for OKYO Pharma is extremely important. It helps to project a fair market value of OKYO Stock properly, considering its historical fundamentals such as Beta. Since OKYO Pharma'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 OKYO Pharma'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 OKYO Pharma's 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, OKYO Pharma Ltd has a Beta of -3.356. This is 490.23% lower than that of the Biotechnology sector and notably lower than that of the Health Care industry. The beta for all United States stocks is notably higher than that of the company.
OKYO Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses OKYO Pharma'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 OKYO Pharma could also be used in its relative valuation, which is a method of valuing OKYO Pharma by comparing valuation metrics of similar companies.OKYO Pharma is currently under evaluation in beta category among its peers.
OKYO Pharma Current Valuation Drivers
We derive many important indicators used in calculating different scores of OKYO Pharma from analyzing OKYO Pharma's financial statements. These drivers represent accounts that assess OKYO Pharma's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of OKYO Pharma's important valuation drivers and their relationship over time.
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Market Cap | 1.7B | 1.8B | 3.5B | 37.4M | 43.1M | 41.0M | |
Enterprise Value | 1.7B | 1.8B | 3.5B | 35.6M | 42.3M | 40.2M |
OKYO Pharma Institutional Holders
Institutional Holdings refers to the ownership stake in OKYO Pharma that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of OKYO Pharma'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 OKYO Pharma's value.Shares | Barclays Plc | 2024-09-30 | 961 K | Citadel Advisors Llc | 2024-09-30 | 14.9 K | Hpm Partners Llc | 2024-09-30 | 12.8 K | Geode Capital Management, Llc | 2024-09-30 | 12.1 K | Ubs Group Ag | 2024-09-30 | 525 | Continuum Advisory, Llc | 2024-09-30 | 50.0 | Hsbc Holdings Plc | 2024-09-30 | 0.0 | Susquehanna International Group, Llp | 2024-09-30 | 0.0 |
As returns on the market increase, returns on owning OKYO Pharma are expected to decrease by larger amounts. On the other hand, during market turmoil, OKYO Pharma is expected to outperform it.
OKYO Fundamentals
Return On Equity | -29.69 | ||||
Return On Asset | -2.92 | ||||
Current Valuation | 33.36 M | ||||
Shares Outstanding | 33.84 M | ||||
Shares Owned By Insiders | 27.60 % | ||||
Shares Owned By Institutions | 2.98 % | ||||
Number Of Shares Shorted | 234.32 K | ||||
Price To Book | 14.11 X | ||||
Gross Profit | (3.6 M) | ||||
EBITDA | (15.74 K) | ||||
Net Income | (16.83 M) | ||||
Cash And Equivalents | 2.06 M | ||||
Cash Per Share | 0.10 X | ||||
Total Debt | 7.42 M | ||||
Debt To Equity | 0.02 % | ||||
Current Ratio | 3.17 X | ||||
Book Value Per Share | (0.18) X | ||||
Cash Flow From Operations | (9.49 M) | ||||
Short Ratio | 2.83 X | ||||
Earnings Per Share | (0.57) X | ||||
Beta | -3.36 | ||||
Market Capitalization | 36.54 M | ||||
Total Asset | 1.54 M | ||||
Retained Earnings | (142.52 M) | ||||
Working Capital | (5.88 M) | ||||
Net Asset | 1.54 M |
About OKYO Pharma Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze OKYO Pharma Ltd's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of OKYO Pharma using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of OKYO Pharma Ltd 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.
Pair Trading with OKYO Pharma
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if OKYO Pharma position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in OKYO Pharma will appreciate offsetting losses from the drop in the long position's value.Moving against OKYO Stock
The ability to find closely correlated positions to OKYO Pharma could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace OKYO Pharma when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back OKYO Pharma - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling OKYO Pharma Ltd to buy it.
The correlation of OKYO Pharma is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as OKYO Pharma moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if OKYO Pharma moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for OKYO Pharma can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out OKYO Pharma Piotroski F Score and OKYO Pharma Altman Z Score analysis. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of OKYO Pharma. If investors know OKYO will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about OKYO Pharma listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.57) | Return On Assets (2.92) | Return On Equity (29.69) |
The market value of OKYO Pharma is measured differently than its book value, which is the value of OKYO that is recorded on the company's balance sheet. Investors also form their own opinion of OKYO Pharma's value that differs from its market value or its book value, called intrinsic value, which is OKYO Pharma's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because OKYO Pharma's market value can be influenced by many factors that don't directly affect OKYO Pharma's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between OKYO Pharma's value and its price as these two are different measures arrived at by different means. Investors typically determine if OKYO Pharma is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OKYO Pharma's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.