Stellar Africagold Stock Beta
| SPX Stock | CAD 0.06 0.01 20.00% |
Stellar AfricaGold fundamentals help investors to digest information that contributes to Stellar AfricaGold's financial success or failures. It also enables traders to predict the movement of Stellar Stock. The fundamental analysis module provides a way to measure Stellar AfricaGold'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 Stellar AfricaGold stock.
Stellar | Beta |
Stellar AfricaGold Company Beta Analysis
Stellar AfricaGold'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 Stellar AfricaGold Beta | 0.77 |
Most of Stellar AfricaGold'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, Stellar AfricaGold is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Stellar Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Stellar AfricaGold is extremely important. It helps to project a fair market value of Stellar Stock properly, considering its historical fundamentals such as Beta. Since Stellar AfricaGold'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 Stellar AfricaGold'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 Stellar AfricaGold'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, Stellar AfricaGold has a Beta of 0.773. This is 11.15% lower than that of the Metals & Mining sector and 186.3% higher than that of the Materials industry. The beta for all Canada stocks is notably lower than that of the firm.
Stellar Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Stellar AfricaGold'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 Stellar AfricaGold could also be used in its relative valuation, which is a method of valuing Stellar AfricaGold by comparing valuation metrics of similar companies.Stellar AfricaGold is currently under evaluation in beta category among its peers.
Stellar AfricaGold Current Valuation Drivers
We derive many important indicators used in calculating different scores of Stellar AfricaGold from analyzing Stellar AfricaGold's financial statements. These drivers represent accounts that assess Stellar AfricaGold's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Stellar AfricaGold's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 3.3M | 4.0M | 6.1M | 3.3M | 3.0M | 1.8M | |
| Enterprise Value | 3.5M | 2.4M | 5.4M | 3.3M | 3.0M | 1.8M |
As returns on the market increase, Stellar AfricaGold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Stellar AfricaGold is expected to be smaller as well.
Stellar Fundamentals
| Return On Equity | -5.6 | ||||
| Return On Asset | -1.08 | ||||
| Current Valuation | 1.2 M | ||||
| Shares Outstanding | 28.05 M | ||||
| Shares Owned By Insiders | 3.45 % | ||||
| Number Of Shares Shorted | 15.01 K | ||||
| Price To Earning | (2.11) X | ||||
| Price To Book | 12.69 X | ||||
| Gross Profit | (180 K) | ||||
| EBITDA | (1.08 M) | ||||
| Net Income | (1.17 M) | ||||
| Cash And Equivalents | 23.62 K | ||||
| Total Debt | 394.89 K | ||||
| Current Ratio | 0.03 X | ||||
| Book Value Per Share | (0.03) X | ||||
| Cash Flow From Operations | (760.05 K) | ||||
| Earnings Per Share | (0.06) X | ||||
| Price To Earnings To Growth | 2.45 X | ||||
| Target Price | 2100.0 | ||||
| Beta | 0.77 | ||||
| Market Capitalization | 1.4 M | ||||
| Total Asset | 370.14 K | ||||
| Retained Earnings | (25.83 M) | ||||
| Working Capital | (24.75 K) | ||||
| Net Asset | 370.14 K |
About Stellar AfricaGold Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Stellar AfricaGold's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Stellar AfricaGold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Stellar AfricaGold 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 Stellar Stock Analysis
When running Stellar AfricaGold's price analysis, check to measure Stellar AfricaGold'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 Stellar AfricaGold is operating at the current time. Most of Stellar AfricaGold's value examination focuses on studying past and present price action to predict the probability of Stellar AfricaGold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stellar AfricaGold's price. Additionally, you may evaluate how the addition of Stellar AfricaGold to your portfolios can decrease your overall portfolio volatility.