Connexa Sports Technologies Stock Beta
| YYAI Stock | 0.64 0.19 23.05% |
Connexa Sports Technologies fundamentals help investors to digest information that contributes to Connexa Sports' financial success or failures. It also enables traders to predict the movement of Connexa Stock. The fundamental analysis module provides a way to measure Connexa Sports' 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 Connexa Sports stock.
Connexa | Beta |
Connexa Sports Technologies Company Beta Analysis
Connexa Sports' 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 Connexa Sports Beta | 1.78 |
Most of Connexa Sports' 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, Connexa Sports Technologies is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Connexa Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Connexa Sports is extremely important. It helps to project a fair market value of Connexa Stock properly, considering its historical fundamentals such as Beta. Since Connexa Sports' 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 Connexa Sports' 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 Connexa Sports' 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, Connexa Sports Technologies has a Beta of 1.782. This is much higher than that of the Textiles, Apparel & Luxury Goods sector and significantly higher than that of the Consumer Discretionary industry. The beta for all United States stocks is notably lower than that of the firm.
Connexa Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Connexa Sports' 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 Connexa Sports could also be used in its relative valuation, which is a method of valuing Connexa Sports by comparing valuation metrics of similar companies.Connexa Sports is currently under evaluation in beta category among its peers.
Connexa Sports Institutional Holders
Institutional Holdings refers to the ownership stake in Connexa Sports that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Connexa Sports' 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 Connexa Sports' value.| Shares | Jane Street Group Llc | 2024-09-30 | 0.0 | Atria Wealth Solutions, Inc. | 2024-06-30 | 0.0 | Jpmorgan Chase & Co | 2024-09-30 | 0.0 | Armistice Capital, Llc | 2024-06-30 | 0.0 | Virtu Financial Llc | 2024-06-30 | 0.0 | Two Sigma Securities, Llc | 2024-06-30 | 0.0 | Hrt Financial Llc | 2024-06-30 | 0.0 | Vanguard Group Inc | 2024-09-30 | 35.1 K | Geode Capital Management, Llc | 2024-09-30 | 19.6 K | Ubs Group Ag | 2024-09-30 | 1.2 K | Tower Research Capital Llc | 2024-09-30 | 991 |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Connexa Sports will likely underperform.
Connexa Fundamentals
| Return On Asset | -0.57 | ||||
| Profit Margin | (1.01) % | ||||
| Operating Margin | (1.06) % | ||||
| Current Valuation | 38.2 M | ||||
| Shares Outstanding | 1000 K | ||||
| Shares Owned By Insiders | 33.17 % | ||||
| Shares Owned By Institutions | 3.03 % | ||||
| Number Of Shares Shorted | 247.67 K | ||||
| Revenue | 8.4 M | ||||
| EBITDA | (13.1 M) | ||||
| Net Income | (15.64 M) | ||||
| Total Debt | 2.73 M | ||||
| Book Value Per Share | 0.20 X | ||||
| Cash Flow From Operations | (3 M) | ||||
| Earnings Per Share | (43.42) X | ||||
| Beta | 1.78 | ||||
| Market Capitalization | 277.09 M | ||||
| Total Asset | 21.62 M | ||||
| Retained Earnings | (167.39 M) | ||||
| Working Capital | 7.6 M | ||||
| Net Asset | 21.62 M |
About Connexa Sports Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Connexa Sports Technologies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Connexa Sports using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Connexa Sports Technologies 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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When determining whether Connexa Sports Techn offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Connexa Sports' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Connexa Sports Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Connexa Sports Technologies Stock:Check out Connexa Sports Piotroski F Score and Connexa Sports Altman Z Score analysis. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Is Apparel, Accessories & Luxury Goods 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 Connexa Sports. If investors know Connexa 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 Connexa Sports listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Connexa Sports Techn is measured differently than its book value, which is the value of Connexa that is recorded on the company's balance sheet. Investors also form their own opinion of Connexa Sports' value that differs from its market value or its book value, called intrinsic value, which is Connexa Sports' 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 Connexa Sports' market value can be influenced by many factors that don't directly affect Connexa Sports' 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 Connexa Sports' value and its price as these two are different measures arrived at by different means. Investors typically determine if Connexa Sports is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Connexa Sports' 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.