Midnight Sun Mining Stock Beta
| MDNGF Stock | USD 0.19 0.01 5.56% |
Midnight Sun Mining fundamentals help investors to digest information that contributes to Midnight Sun's financial success or failures. It also enables traders to predict the movement of Midnight Pink Sheet. The fundamental analysis module provides a way to measure Midnight Sun'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 Midnight Sun pink sheet.
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Midnight Sun Mining Company Beta Analysis
Midnight Sun'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 Midnight Sun Beta | 0.9 |
Most of Midnight Sun'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, Midnight Sun Mining 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, Midnight Sun Mining has a Beta of 0.9032. This is 3.82% higher than that of the Basic Materials sector and significantly higher than that of the Other Industrial Metals & Mining industry. The beta for all United States stocks is notably lower than that of the firm.
Midnight Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Midnight Sun's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Midnight Sun could also be used in its relative valuation, which is a method of valuing Midnight Sun by comparing valuation metrics of similar companies.Midnight Sun is currently under evaluation in beta category among related companies.
Midnight Sun returns are very sensitive to returns on the market. As the market goes up or down, Midnight Sun is expected to follow.
Midnight Fundamentals
| Return On Equity | -0.11 | |||
| Return On Asset | -0.0618 | |||
| Current Valuation | 18.12 M | |||
| Shares Outstanding | 117.69 M | |||
| Shares Owned By Insiders | 8.36 % | |||
| Price To Earning | (27.02) X | |||
| Price To Book | 1.98 X | |||
| EBITDA | (1.88 M) | |||
| Net Income | (1.9 M) | |||
| Cash And Equivalents | 1.7 M | |||
| Cash Per Share | 0.01 X | |||
| Total Debt | 40 K | |||
| Debt To Equity | 0 % | |||
| Current Ratio | 14.79 X | |||
| Book Value Per Share | 0.12 X | |||
| Cash Flow From Operations | (869.15 K) | |||
| Earnings Per Share | (0.01) X | |||
| Beta | 0.9 | |||
| Market Capitalization | 22.36 M | |||
| Total Asset | 20.78 M | |||
| Net Asset | 20.78 M |
About Midnight Sun Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Midnight Sun Mining's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Midnight Sun using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Midnight Sun Mining 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.
Currently Active Assets on Macroaxis
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Midnight Sun Mining. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Midnight Sun Mining information on this page should be used as a complementary analysis to other Midnight Sun'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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Complementary Tools for Midnight Pink Sheet analysis
When running Midnight Sun's price analysis, check to measure Midnight Sun'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 Midnight Sun is operating at the current time. Most of Midnight Sun's value examination focuses on studying past and present price action to predict the probability of Midnight Sun's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Midnight Sun's price. Additionally, you may evaluate how the addition of Midnight Sun to your portfolios can decrease your overall portfolio volatility.
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