Gold Road Net Income vs. Beta
| ELKMF Stock | USD 1.07 0.02 1.90% |
For Gold Road profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Gold Road to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Gold Road Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Gold Road's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Gold Road Resources over time as well as its relative position and ranking within its peers.
Gold |
Gold Road Resources Beta vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Gold Road's current stock value. Our valuation model uses many indicators to compare Gold Road value to that of its competitors to determine the firm's financial worth. Gold Road Resources is one of the top stocks in net income category among related companies. It is rated below average in beta category among related companies . The ratio of Net Income to Beta for Gold Road Resources is about 54,444,280 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Gold Road by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Gold Road's Pink Sheet. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Gold Road's earnings, one of the primary drivers of an investment's value.Gold Beta vs. Net Income
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Gold Road |
| = | 36.79 M |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
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.
Gold Road |
| = | 0.68 |
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.
Gold Beta Comparison
Gold Road is currently under evaluation in beta category among related companies.
Beta Analysis
As returns on the market increase, Gold Road's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gold Road is expected to be smaller as well.
Gold Road Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Gold Road, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Gold Road will eventually generate negative long term returns. The profitability progress is the general direction of Gold Road's change in net profit over the period of time. It can combine multiple indicators of Gold Road, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Gold Road Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral properties in Western Australia. Gold Road Resources Limited was incorporated in 2004 and is based in West Perth, Australia. Gold Road operates under Gold classification in the United States and is traded on OTC Exchange. It employs 73 people.
Gold Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Gold Road. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Gold Road position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Gold Road's important profitability drivers and their relationship over time.
Learn to be your own money manager
Our tools can tell you how much better you can do entering a position in Gold Road without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Bond Analysis Now
Bond AnalysisEvaluate and analyze corporate bonds as a potential investment for your portfolios. |
| All Next | Launch Module |
Use Investing Themes to Complement your Gold Road position
In addition to having Gold Road in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Rentals Thematic Idea Now
Rentals
Companies providing rental and leasing services to public and business. The Rentals theme has 47 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Rentals Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Investing Opportunities. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for Gold Pink Sheet analysis
When running Gold Road's price analysis, check to measure Gold Road'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 Gold Road is operating at the current time. Most of Gold Road's value examination focuses on studying past and present price action to predict the probability of Gold Road's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gold Road's price. Additionally, you may evaluate how the addition of Gold Road to your portfolios can decrease your overall portfolio volatility.
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios |
To fully project Gold Road's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Gold Road Resources at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Gold Road's income statement, its balance sheet, and the statement of cash flows.