Outcrop Gold Corp Stock Beta
| OCG Stock | CAD 0.22 0.01 4.35% |
Outcrop Gold Corp fundamentals help investors to digest information that contributes to Outcrop Gold's financial success or failures. It also enables traders to predict the movement of Outcrop Stock. The fundamental analysis module provides a way to measure Outcrop Gold'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 Outcrop Gold stock.
Outcrop | Beta |
Outcrop Gold Corp Company Beta Analysis
Outcrop Gold'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 Outcrop Gold Beta | 1.75 |
Most of Outcrop Gold'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, Outcrop Gold Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Outcrop Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Outcrop Gold is extremely important. It helps to project a fair market value of Outcrop Stock properly, considering its historical fundamentals such as Beta. Since Outcrop Gold'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 Outcrop Gold'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 Outcrop Gold'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, Outcrop Gold Corp has a Beta of 1.752. This is 101.38% higher than that of the Metals & Mining sector and notably higher than that of the Materials industry. The beta for all Canada stocks is notably lower than that of the firm.
Outcrop Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Outcrop Gold'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 Outcrop Gold could also be used in its relative valuation, which is a method of valuing Outcrop Gold by comparing valuation metrics of similar companies.Outcrop Gold is currently under evaluation in beta category among related companies.
Outcrop Gold Current Valuation Drivers
We derive many important indicators used in calculating different scores of Outcrop Gold from analyzing Outcrop Gold's financial statements. These drivers represent accounts that assess Outcrop Gold's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Outcrop Gold's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 42.2M | 27.3M | 24.8M | 33.8M | 30.5M | 16.0M | |
| Enterprise Value | 36.2M | 22.9M | 23.6M | 30.6M | 27.6M | 28.9M |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Outcrop Gold will likely underperform.
Outcrop Fundamentals
| Return On Equity | -0.81 | ||||
| Return On Asset | -0.43 | ||||
| Current Valuation | 56.28 M | ||||
| Shares Outstanding | 279.05 M | ||||
| Shares Owned By Insiders | 19.10 % | ||||
| Number Of Shares Shorted | 842.71 K | ||||
| Price To Book | 4.67 X | ||||
| EBITDA | (9.5 M) | ||||
| Net Income | (9.44 M) | ||||
| Cash And Equivalents | 1.03 M | ||||
| Cash Per Share | 0.04 X | ||||
| Total Debt | 16.69 K | ||||
| Current Ratio | 8.35 X | ||||
| Book Value Per Share | 0.06 X | ||||
| Cash Flow From Operations | (8.76 M) | ||||
| Short Ratio | 1.19 X | ||||
| Earnings Per Share | (0.05) X | ||||
| Target Price | 0.75 | ||||
| Number Of Employees | 60 | ||||
| Beta | 1.75 | ||||
| Market Capitalization | 61.39 M | ||||
| Total Asset | 8.93 M | ||||
| Retained Earnings | (84.86 M) | ||||
| Working Capital | 3.14 M | ||||
| Net Asset | 8.93 M |
About Outcrop Gold Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Outcrop Gold Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Outcrop Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Outcrop Gold 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.
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 Outcrop Gold 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, Outcrop Gold's short interest history, or implied volatility extrapolated from Outcrop Gold options trading.
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Try AI Portfolio ArchitectCheck out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Outcrop Gold Corp. 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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for Outcrop Stock analysis
When running Outcrop Gold's price analysis, check to measure Outcrop Gold'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 Outcrop Gold is operating at the current time. Most of Outcrop Gold's value examination focuses on studying past and present price action to predict the probability of Outcrop Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Outcrop Gold's price. Additionally, you may evaluate how the addition of Outcrop Gold to your portfolios can decrease your overall portfolio volatility.
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