Equity Metals Corp Stock Beta
| EQTY Stock | CAD 0.21 0.03 12.50% |
Fundamental analysis of Equity Metals allows traders to better anticipate movements in Equity Metals' stock price by examining its financial health and performance throughout various phases of its business cycle.
Equity | Beta |
Equity Metals Corp Company Beta Analysis
Equity Metals' 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 Equity Metals Beta | 0.5 |
Most of Equity Metals' 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, Equity Metals Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Equity Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Equity Metals is extremely important. It helps to project a fair market value of Equity Stock properly, considering its historical fundamentals such as Beta. Since Equity Metals' 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 Equity Metals' 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 Equity Metals' interrelated accounts and indicators.
Click cells to compare fundamentals
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, Equity Metals Corp has a Beta of 0.503. This is 42.18% lower than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The beta for all Canada stocks is notably lower than that of the firm.
Equity Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Equity Metals' 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 Equity Metals could also be used in its relative valuation, which is a method of valuing Equity Metals by comparing valuation metrics of similar companies.Equity Metals is currently under evaluation in beta category among its peers.
As returns on the market increase, Equity Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Equity Metals is expected to be smaller as well.
Equity Fundamentals
| Return On Equity | -1.25 | ||||
| Return On Asset | -0.77 | ||||
| Current Valuation | 35.7 M | ||||
| Shares Outstanding | 195.62 M | ||||
| Shares Owned By Insiders | 1.04 % | ||||
| Number Of Shares Shorted | 2.67 K | ||||
| Price To Book | 8.35 X | ||||
| Gross Profit | (75.7 K) | ||||
| EBITDA | (6.06 M) | ||||
| Net Income | (4.08 M) | ||||
| Cash And Equivalents | 3.18 M | ||||
| Cash Per Share | 0.04 X | ||||
| Total Debt | 1.53 M | ||||
| Current Ratio | 8.60 X | ||||
| Book Value Per Share | 0.03 X | ||||
| Cash Flow From Operations | (4.13 M) | ||||
| Short Ratio | 0.01 X | ||||
| Earnings Per Share | (0.03) X | ||||
| Target Price | 0.39 | ||||
| Beta | 0.5 | ||||
| Market Capitalization | 41.08 M | ||||
| Total Asset | 5.5 M | ||||
| Retained Earnings | (34.44 M) | ||||
| Working Capital | 3.75 M | ||||
| Net Asset | 5.5 M |
About Equity Metals Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Equity Metals Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Equity Metals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Equity Metals 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 Equity Stock Analysis
When running Equity Metals' price analysis, check to measure Equity Metals' 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 Equity Metals is operating at the current time. Most of Equity Metals' value examination focuses on studying past and present price action to predict the probability of Equity Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Equity Metals' price. Additionally, you may evaluate how the addition of Equity Metals to your portfolios can decrease your overall portfolio volatility.