Orestone Mining Corp Stock Beta
| ORS Stock | CAD 0.02 0.01 33.33% |
Orestone Mining Corp fundamentals help investors to digest information that contributes to Orestone Mining's financial success or failures. It also enables traders to predict the movement of Orestone Stock. The fundamental analysis module provides a way to measure Orestone Mining'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 Orestone Mining stock.
Orestone | Beta |
Orestone Mining Corp Company Beta Analysis
Orestone Mining'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 Orestone Mining Beta | 2.31 |
Most of Orestone Mining'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, Orestone Mining Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Orestone Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Orestone Mining is extremely important. It helps to project a fair market value of Orestone Stock properly, considering its historical fundamentals such as Beta. Since Orestone Mining'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 Orestone Mining'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 Orestone Mining'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, Orestone Mining Corp has a Beta of 2.307. This is 165.17% higher than that of the Metals & Mining sector and 97.18% higher than that of the Materials industry. The beta for all Canada stocks is notably lower than that of the firm.
Orestone Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Orestone Mining'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 Orestone Mining could also be used in its relative valuation, which is a method of valuing Orestone Mining by comparing valuation metrics of similar companies.Orestone Mining is currently under evaluation in beta category among its peers.
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Orestone Mining will likely underperform.
Orestone Fundamentals
| Return On Equity | -0.0342 | ||||
| Return On Asset | -0.0178 | ||||
| Current Valuation | 1.17 M | ||||
| Shares Outstanding | 61.66 M | ||||
| Shares Owned By Insiders | 10.34 % | ||||
| Number Of Shares Shorted | 12.48 K | ||||
| Price To Earning | (5.56) X | ||||
| Price To Book | 0.40 X | ||||
| Gross Profit | (15.8 K) | ||||
| EBITDA | (217.49 K) | ||||
| Net Income | (221.2 K) | ||||
| Cash And Equivalents | 918 K | ||||
| Cash Per Share | 0.04 X | ||||
| Total Debt | 164.79 K | ||||
| Debt To Equity | 3.70 % | ||||
| Current Ratio | 4.06 X | ||||
| Book Value Per Share | 0.05 X | ||||
| Cash Flow From Operations | (143.5 K) | ||||
| Short Ratio | 0.05 X | ||||
| Beta | 2.31 | ||||
| Market Capitalization | 1.23 M | ||||
| Total Asset | 3.21 M | ||||
| Retained Earnings | (9.79 M) | ||||
| Working Capital | (153.94 K) | ||||
| Net Asset | 3.21 M |
About Orestone Mining Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Orestone Mining Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Orestone Mining using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Orestone Mining 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.
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Additional Tools for Orestone Stock Analysis
When running Orestone Mining's price analysis, check to measure Orestone Mining'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 Orestone Mining is operating at the current time. Most of Orestone Mining's value examination focuses on studying past and present price action to predict the probability of Orestone Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Orestone Mining's price. Additionally, you may evaluate how the addition of Orestone Mining to your portfolios can decrease your overall portfolio volatility.