Visible Gold Mines Stock Beta
| VGD Stock | CAD 0.08 0.00 0.00% |
Visible Gold Mines fundamentals help investors to digest information that contributes to Visible Gold's financial success or failures. It also enables traders to predict the movement of Visible Stock. The fundamental analysis module provides a way to measure Visible Gold'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 Visible Gold stock.
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Visible Gold Mines Company Beta Analysis
Visible Gold'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 Visible Gold Beta | 2.2 |
Most of Visible Gold'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, Visible Gold Mines is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
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In accordance with the recently published financial statements, Visible Gold Mines has a Beta of 2.197. This is 152.53% higher than that of the Metals & Mining sector and notably higher than that of the Materials industry. The beta for all Canada stocks is notably lower than that of the firm.
Visible Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Visible Gold'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 Visible Gold could also be used in its relative valuation, which is a method of valuing Visible Gold by comparing valuation metrics of similar companies.Visible Gold 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, Visible Gold will likely underperform.
Visible Fundamentals
| Return On Equity | -5.71 | ||||
| Return On Asset | -1.07 | ||||
| Current Valuation | 2.84 M | ||||
| Shares Outstanding | 37.16 M | ||||
| Shares Owned By Insiders | 17.25 % | ||||
| Number Of Shares Shorted | 10.05 K | ||||
| Price To Earning | (2.72) X | ||||
| Price To Book | 8.43 X | ||||
| EBITDA | (334.81 K) | ||||
| Net Income | (702.03 K) | ||||
| Cash And Equivalents | 303.26 K | ||||
| Cash Per Share | 0.01 X | ||||
| Total Debt | 17.09 K | ||||
| Current Ratio | 2.46 X | ||||
| Book Value Per Share | (0.01) X | ||||
| Cash Flow From Operations | (125.34 K) | ||||
| Short Ratio | 0.27 X | ||||
| Earnings Per Share | (0.02) X | ||||
| Beta | 2.2 | ||||
| Market Capitalization | 2.79 M | ||||
| Total Asset | 233.86 K | ||||
| Retained Earnings | (29.89 M) | ||||
| Working Capital | (324.82 K) | ||||
| Net Asset | 233.86 K |
About Visible Gold Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Visible Gold Mines's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Visible Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Visible Gold Mines 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 Visible Stock Analysis
When running Visible Gold's price analysis, check to measure Visible Gold'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 Visible Gold is operating at the current time. Most of Visible Gold's value examination focuses on studying past and present price action to predict the probability of Visible Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Visible Gold's price. Additionally, you may evaluate how the addition of Visible Gold to your portfolios can decrease your overall portfolio volatility.