Alamos Gold Stock Beta
Alamos Gold fundamentals help investors to digest information that contributes to Alamos Gold's financial success or failures. It also enables traders to predict the movement of Alamos OTC Stock. The fundamental analysis module provides a way to measure Alamos 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 Alamos Gold otc stock.
Alamos |
Alamos Gold OTC Stock Beta Analysis
Alamos 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 Alamos Gold Beta | 0.87 |
Most of Alamos 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, Alamos 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.
CompetitionIn accordance with the recently published financial statements, Alamos Gold has a Beta of 0.87. This is much higher than that of the sector and significantly higher than that of the Beta industry. The beta for all United States stocks is notably lower than that of the firm.
Alamos Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Alamos 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 Alamos Gold could also be used in its relative valuation, which is a method of valuing Alamos Gold by comparing valuation metrics of similar companies.Alamos Gold is currently under evaluation in beta category among related companies.
Alamos Gold returns are very sensitive to returns on the market. As the market goes up or down, Alamos Gold is expected to follow.
Alamos Fundamentals
| Return On Equity | -0.25 | |||
| Return On Asset | 1.11 | |||
| Profit Margin | (0.89) % | |||
| Operating Margin | 7.95 % | |||
| Current Valuation | (216.94 M) | |||
| Shares Outstanding | 390.39 M | |||
| Price To Earning | 1.78 X | |||
| Price To Sales | 2.14 X | |||
| Revenue | 650.4 M | |||
| Gross Profit | 212.6 M | |||
| EBITDA | 211.4 M | |||
| Net Income | (5.8 M) | |||
| Cash And Equivalents | 230.4 M | |||
| Cash Per Share | 0.59 X | |||
| Total Debt | 5.3 M | |||
| Debt To Equity | 0.20 % | |||
| Current Ratio | 3.33 X | |||
| Book Value Per Share | 6.85 X | |||
| Cash Flow From Operations | 215.1 M | |||
| Earnings Per Share | (0.01) X | |||
| Number Of Employees | 1.7 K | |||
| Beta | 0.87 | |||
| Market Capitalization | 1.39 B |
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 Alamos 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, Alamos Gold's short interest history, or implied volatility extrapolated from Alamos Gold options trading.
Pair Trading with Alamos Gold
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 Alamos Gold 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 Alamos Gold will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Valero Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Valero Energy 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 Valero Energy - 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 Valero Energy to buy it.
The correlation of Valero Energy 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 Valero Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Valero Energy 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 Valero Energy 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. 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 price. Note that the Alamos Gold information on this page should be used as a complementary analysis to other Alamos 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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Other Consideration for investing in Alamos OTC Stock
If you are still planning to invest in Alamos Gold check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Alamos Gold's history and understand the potential risks before investing.
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