Group Eleven Resources Stock Beta
ZNG Stock | CAD 0.18 0.01 5.26% |
Group Eleven Resources fundamentals help investors to digest information that contributes to Group Eleven's financial success or failures. It also enables traders to predict the movement of Group Stock. The fundamental analysis module provides a way to measure Group Eleven'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 Group Eleven stock.
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Group Eleven Resources Company Beta Analysis
Group Eleven'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 Group Eleven Beta | 1.43 |
Most of Group Eleven'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, Group Eleven 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.
Competition |
In accordance with the recently published financial statements, Group Eleven Resources has a Beta of 1.433. This is 64.71% higher than that of the Metals & Mining sector and 22.48% higher than that of the Materials industry. The beta for all Canada stocks is notably lower than that of the firm.
Group Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Group Eleven'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 Group Eleven could also be used in its relative valuation, which is a method of valuing Group Eleven by comparing valuation metrics of similar companies.Group Eleven is currently under evaluation in beta category among related companies.
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Group Eleven will likely underperform.
Group Fundamentals
Return On Equity | -0.24 | |||
Return On Asset | -0.14 | |||
Current Valuation | 35.59 M | |||
Shares Outstanding | 200.44 M | |||
Shares Owned By Insiders | 35.21 % | |||
Shares Owned By Institutions | 1.43 % | |||
Number Of Shares Shorted | 522 | |||
Price To Book | 6.66 X | |||
EBITDA | (2.59 M) | |||
Net Income | (2.49 M) | |||
Cash And Equivalents | 919.3 K | |||
Cash Per Share | 0.01 X | |||
Total Debt | 40 K | |||
Current Ratio | 3.82 X | |||
Book Value Per Share | 0.04 X | |||
Cash Flow From Operations | (2.13 M) | |||
Short Ratio | 0.19 X | |||
Earnings Per Share | (0.02) X | |||
Beta | 1.43 | |||
Market Capitalization | 36.08 M | |||
Total Asset | 12.34 M | |||
Retained Earnings | (17.58 M) | |||
Working Capital | 2.53 M | |||
Net Asset | 12.34 M |
About Group Eleven Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Group Eleven Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Group Eleven using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Group Eleven Resources 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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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Group Eleven Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary Tools for Group Stock analysis
When running Group Eleven's price analysis, check to measure Group Eleven'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 Group Eleven is operating at the current time. Most of Group Eleven's value examination focuses on studying past and present price action to predict the probability of Group Eleven's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Group Eleven's price. Additionally, you may evaluate how the addition of Group Eleven to your portfolios can decrease your overall portfolio volatility.
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