K2 Gold Stock Beta
| KTGDF Stock | USD 0.09 0.02 14.55% |
K2 Gold fundamentals help investors to digest information that contributes to K2 Gold's financial success or failures. It also enables traders to predict the movement of KTGDF OTC Stock. The fundamental analysis module provides a way to measure K2 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 K2 Gold otc stock.
KTGDF |
K2 Gold OTC Stock Beta Analysis
K2 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 K2 Gold Beta | 1.05 |
Most of K2 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, K2 Gold is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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, K2 Gold has a Beta of 1.0496. This is 20.64% higher than that of the Metals & Mining sector and 288.74% higher than that of the Materials industry. The beta for all United States stocks is notably lower than that of the firm.
KTGDF Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses K2 Gold's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the otc stocks which would be a good addition to a portfolio. Peer analysis of K2 Gold could also be used in its relative valuation, which is a method of valuing K2 Gold by comparing valuation metrics of similar companies.K2 Gold is currently under evaluation in beta category among related companies.
K2 Gold returns are very sensitive to returns on the market. As the market goes up or down, K2 Gold is expected to follow.
KTGDF Fundamentals
| Return On Equity | -0.11 | |||
| Return On Asset | -0.0723 | |||
| Current Valuation | 4.75 M | |||
| Shares Outstanding | 88.83 M | |||
| Shares Owned By Insiders | 8.07 % | |||
| Shares Owned By Institutions | 2.72 % | |||
| Price To Earning | (4.71) X | |||
| Price To Book | 0.66 X | |||
| Gross Profit | (5.03 K) | |||
| EBITDA | (1.69 M) | |||
| Net Income | (1.82 M) | |||
| Cash And Equivalents | 1.36 M | |||
| Cash Per Share | 0.02 X | |||
| Total Debt | 40 K | |||
| Debt To Equity | 0 % | |||
| Current Ratio | 9.05 X | |||
| Book Value Per Share | 0.20 X | |||
| Cash Flow From Operations | (1.26 M) | |||
| Earnings Per Share | (0.02) X | |||
| Number Of Employees | 11 | |||
| Beta | 1.05 | |||
| Market Capitalization | 11.9 M | |||
| Total Asset | 14.12 M | |||
| Net Asset | 14.12 M |
About K2 Gold Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze K2 Gold's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of K2 Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of K2 Gold based on its fundamental data. In general, a quantitative approach, as applied to this otc stock, 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 K2 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, K2 Gold's short interest history, or implied volatility extrapolated from K2 Gold options trading.
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in K2 Gold. Also, note that the market value of any otc stock could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. Note that the K2 Gold information on this page should be used as a complementary analysis to other K2 Gold's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for KTGDF OTC Stock analysis
When running K2 Gold's price analysis, check to measure K2 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 K2 Gold is operating at the current time. Most of K2 Gold's value examination focuses on studying past and present price action to predict the probability of K2 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 K2 Gold's price. Additionally, you may evaluate how the addition of K2 Gold to your portfolios can decrease your overall portfolio volatility.
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