Abacus Mining And Stock Beta
AME Stock | CAD 0.04 0.01 12.50% |
Abacus Mining and fundamentals help investors to digest information that contributes to Abacus Mining's financial success or failures. It also enables traders to predict the movement of Abacus Stock. The fundamental analysis module provides a way to measure Abacus Mining'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 Abacus Mining stock.
Abacus | Beta |
Abacus Mining and Company Beta Analysis
Abacus Mining'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 Abacus Mining Beta | 1.55 |
Most of Abacus Mining'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, Abacus Mining and is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Abacus Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Abacus Mining is extremely important. It helps to project a fair market value of Abacus Stock properly, considering its historical fundamentals such as Beta. Since Abacus Mining'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 Abacus Mining'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 Abacus Mining'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, Abacus Mining and has a Beta of 1.545. This is 77.59% higher 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.
Abacus Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Abacus Mining'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 Abacus Mining could also be used in its relative valuation, which is a method of valuing Abacus Mining by comparing valuation metrics of similar companies.Abacus Mining is currently under evaluation in beta category among related companies.
Abacus Mining Current Valuation Drivers
We derive many important indicators used in calculating different scores of Abacus Mining from analyzing Abacus Mining's financial statements. These drivers represent accounts that assess Abacus Mining's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Abacus Mining's important valuation drivers and their relationship over time.
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Market Cap | 7.1M | 9.4M | 5.8M | 2.9M | 2.6M | 2.5M | |
Enterprise Value | 24.1M | 28.0M | 27.7M | 27.1M | 24.4M | 12.9M |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Abacus Mining will likely underperform.
Abacus Fundamentals
Return On Asset | -0.0399 | |||
Current Valuation | 30.82 M | |||
Shares Outstanding | 120.84 M | |||
Shares Owned By Insiders | 6.59 % | |||
Number Of Shares Shorted | 2.22 K | |||
Price To Earning | (0.57) X | |||
Price To Book | 0.95 X | |||
EBITDA | (640.72 K) | |||
Net Income | (1.31 M) | |||
Cash And Equivalents | 1.12 M | |||
Cash Per Share | 0.01 X | |||
Total Debt | 24.25 M | |||
Debt To Equity | 138.50 % | |||
Current Ratio | 0.06 X | |||
Book Value Per Share | (0.15) X | |||
Cash Flow From Operations | (440.19 K) | |||
Short Ratio | 0.14 X | |||
Beta | 1.55 | |||
Market Capitalization | 4.23 M | |||
Total Asset | 5.62 M | |||
Retained Earnings | (116.2 M) | |||
Working Capital | (24.35 M) | |||
Net Asset | 5.62 M |
About Abacus Mining Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Abacus Mining and's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Abacus Mining using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Abacus Mining and 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 Abacus Mining
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 Abacus Mining 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 Abacus Mining will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Abacus Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Abacus Mining 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 Abacus Mining - 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 Abacus Mining and to buy it.
The correlation of Abacus Mining 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 Abacus Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Abacus Mining 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 Abacus Mining 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Abacus Mining and. 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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for Abacus Stock analysis
When running Abacus Mining's price analysis, check to measure Abacus Mining'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 Abacus Mining is operating at the current time. Most of Abacus Mining's value examination focuses on studying past and present price action to predict the probability of Abacus Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Abacus Mining's price. Additionally, you may evaluate how the addition of Abacus Mining to your portfolios can decrease your overall portfolio volatility.
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