Sphinx Resources Stock Beta
Sphinx Resources fundamentals help investors to digest information that contributes to Sphinx Resources' financial success or failures. It also enables traders to predict the movement of Sphinx Pink Sheet. The fundamental analysis module provides a way to measure Sphinx Resources' 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 Sphinx Resources pink sheet.
Sphinx |
Sphinx Resources Company Beta Analysis
Sphinx Resources' 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 Sphinx Resources Beta | 0.31 |
Most of Sphinx Resources' 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, Sphinx Resources 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.
CompetitionIn accordance with the recently published financial statements, Sphinx Resources has a Beta of 0.31. This is 64.37% lower than that of the Basic Materials sector and significantly higher than that of the Other Industrial Metals & Mining industry. The beta for all United States stocks is notably lower than that of the firm.
Sphinx Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Sphinx Resources' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Sphinx Resources could also be used in its relative valuation, which is a method of valuing Sphinx Resources by comparing valuation metrics of similar companies.Sphinx Resources is currently under evaluation in beta category among related companies.
As returns on the market increase, Sphinx Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Sphinx Resources is expected to be smaller as well.
Sphinx Fundamentals
| Return On Equity | -497.42 | |||
| Return On Asset | -159.78 | |||
| Current Valuation | 1.69 M | |||
| Shares Outstanding | 166.46 M | |||
| Shares Owned By Institutions | 5.70 % | |||
| Price To Earning | (2.91) X | |||
| Price To Book | 10.15 X | |||
| Revenue | (52) | |||
| Gross Profit | 42 | |||
| Net Income | (459.34 K) | |||
| Cash And Equivalents | 74.97 K | |||
| Total Debt | 75.7 K | |||
| Debt To Equity | 0.53 % | |||
| Current Ratio | 0.55 X | |||
| Cash Flow From Operations | (107.19 K) | |||
| Earnings Per Share | (0) X | |||
| Beta | 0.31 | |||
| Market Capitalization | 1.69 M | |||
| Z Score | 13.2 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Sphinx Resources in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Sphinx Resources' short interest history, or implied volatility extrapolated from Sphinx Resources options trading.
Pair Trading with Sphinx Resources
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 Sphinx Resources 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 Sphinx Resources will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Microsoft could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Microsoft 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 Microsoft - 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 Microsoft to buy it.
The correlation of Microsoft 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 Microsoft moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Microsoft 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 Microsoft 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 Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the Sphinx Resources information on this page should be used as a complementary analysis to other Sphinx Resources' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Other Consideration for investing in Sphinx Pink Sheet
If you are still planning to invest in Sphinx Resources check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Sphinx Resources' history and understand the potential risks before investing.
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