Idaho Strategic Resources Stock Beta
| IDR Stock | USD 12.18 0.58 4.55% |
Idaho Strategic Resources fundamentals help investors to digest information that contributes to Idaho Strategic's financial success or failures. It also enables traders to predict the movement of Idaho Stock. The fundamental analysis module provides a way to measure Idaho Strategic'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 Idaho Strategic stock.
Idaho | Beta |
Idaho Strategic Resources Company Beta Analysis
Idaho Strategic'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 Idaho Strategic Beta | 0.81 |
Most of Idaho Strategic'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, Idaho Strategic Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Idaho Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Idaho Strategic is extremely important. It helps to project a fair market value of Idaho Stock properly, considering its historical fundamentals such as Beta. Since Idaho Strategic's 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 Idaho Strategic's 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 Idaho Strategic's 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, Idaho Strategic Resources has a Beta of 0.814. This is 6.44% lower than that of the Metals & Mining sector and 201.48% higher than that of the Materials industry. The beta for all United States stocks is notably lower than that of the firm.
Idaho Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Idaho Strategic'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 Idaho Strategic could also be used in its relative valuation, which is a method of valuing Idaho Strategic by comparing valuation metrics of similar companies.Idaho Strategic is currently under evaluation in beta category among its peers.
Idaho Strategic Current Valuation Drivers
We derive many important indicators used in calculating different scores of Idaho Strategic from analyzing Idaho Strategic's financial statements. These drivers represent accounts that assess Idaho Strategic's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Idaho Strategic's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 16.8M | 33.9M | 75.8M | 67.2M | 77.6M | 78.5M | |
| Enterprise Value | 18.0M | 33.7M | 77.7M | 67.8M | 77.6M | 78.8M |
Idaho Strategic ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Idaho Strategic's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Idaho Strategic's managers, analysts, and investors.Environmental | Governance | Social |
As returns on the market increase, Idaho Strategic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Idaho Strategic is expected to be smaller as well.
Idaho Fundamentals
| Return On Equity | 0.24 | ||||
| Return On Asset | 0.12 | ||||
| Profit Margin | 0.30 % | ||||
| Operating Margin | 0.23 % | ||||
| Current Valuation | 165.65 M | ||||
| Shares Outstanding | 13.66 M | ||||
| Shares Owned By Insiders | 12.49 % | ||||
| Shares Owned By Institutions | 18.84 % | ||||
| Number Of Shares Shorted | 462.88 K | ||||
| Price To Book | 5.27 X | ||||
| Price To Sales | 7.94 X | ||||
| Revenue | 13.66 M | ||||
| Gross Profit | 2.54 M | ||||
| EBITDA | 2.6 M | ||||
| Net Income | 1.16 M | ||||
| Cash And Equivalents | 1.64 M | ||||
| Cash Per Share | 0.26 X | ||||
| Total Debt | 2.32 M | ||||
| Debt To Equity | 0.12 % | ||||
| Current Ratio | 3.01 X | ||||
| Book Value Per Share | 2.46 X | ||||
| Cash Flow From Operations | 2.1 M | ||||
| Short Ratio | 1.47 X | ||||
| Earnings Per Share | 0.51 X | ||||
| Target Price | 16.5 | ||||
| Number Of Employees | 42 | ||||
| Beta | 0.81 | ||||
| Market Capitalization | 174.32 M | ||||
| Total Asset | 23.89 M | ||||
| Retained Earnings | (17.21 M) | ||||
| Working Capital | 2.72 M | ||||
| Net Asset | 23.89 M |
About Idaho Strategic Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Idaho Strategic Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Idaho Strategic using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Idaho Strategic 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.
Pair Trading with Idaho Strategic
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 Idaho Strategic 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 Idaho Strategic will appreciate offsetting losses from the drop in the long position's value.Moving together with Idaho Stock
| 0.8 | AU | AngloGold Ashanti plc Downward Rally | PairCorr |
Moving against Idaho Stock
| 0.76 | WS | Worthington Steel Earnings Call This Week | PairCorr |
| 0.75 | CMC | Commercial Metals | PairCorr |
| 0.71 | RS | Reliance Steel Aluminum | PairCorr |
| 0.38 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
The ability to find closely correlated positions to Idaho Strategic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Idaho Strategic 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 Idaho Strategic - 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 Idaho Strategic Resources to buy it.
The correlation of Idaho Strategic 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 Idaho Strategic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Idaho Strategic Resources 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 Idaho Strategic 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.Additional Tools for Idaho Stock Analysis
When running Idaho Strategic's price analysis, check to measure Idaho Strategic'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 Idaho Strategic is operating at the current time. Most of Idaho Strategic's value examination focuses on studying past and present price action to predict the probability of Idaho Strategic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Idaho Strategic's price. Additionally, you may evaluate how the addition of Idaho Strategic to your portfolios can decrease your overall portfolio volatility.